CVX vs XOM – Compare 2 Largest US Oil Stocks over past 10 Years.

Compare the 10-year performance and dividend income and total return of two leading companies in the Oil & Gas Integrated field: Chevron Corporation (CVX) and Exxon Mobil Corporation (XOM).

Exxon & Chevron are the two largest US oil companies, and have been around for decades. In fact, both of them are successors of Standard Oil Company (founded by John D. Rockefeller in 1870). Both of these mega-cap oil conglomerates pay dividends, and have been doing so for decades without ever reducing their dividend payments.

Chevron Corporation CVX | NYSE

$224.98 $5.66 | 2.58%

10 Year Returns (with DRIP): 237.2%

Dividend (Quarterly): $1.78

Dividend Yield (FWD): 3.16%

Exxon Mobil Corporation XOM | NYSE

$178.98 $4.3 | 2.46%

10 Year Returns (with DRIP): 218.2%

Dividend (Quarterly): $1.03

Dividend Yield (FWD): 2.3%

10 years returns for CVX & XOM - dividends, price growth and total returns:

Stats below compares the performance of a $10,000 investment into each company 10 years ago, with dividends being automatically reinvested (DRIP) on the payout day, with no additional investments.

Here is a chart comparing the 10-year total returns of CVX and XOM, shown side-by-side. These total return figures take into account dividend reinvestment and represent the value of all shares owned at each respective point in time.

Estimate Dividend Snowball and total future returns for CVX and XOM with our dividend (DRIP) calculator.

Chevron Corporation (CVX) and Exxon Mobil Corporation (XOM) are two names in the Oil & Gas Integrated business, both trading on NYSE. XOM is roughly 1.7x CVX's size — a $735.9B market cap against $438.2B. Over the trailing twelve months, CVX booked $208.7B in revenue against XOM's $361.1B. CVX carries the higher dividend yield today — 3.16% versus 2.3%. The numbers on this page — total returns of a $10,000 dividend-reinvested (DRIP) position, price history, dividend growth, valuation and growth — come straight from our market data.

CVX vs XOM at a glance

Over the past 10 years, CVX delivered the stronger run: a $10,000 position with dividends reinvested grew to $33,717, a 237.2% total return — edging out the same $10,000 in XOM, which reached $31,819 (218.2%). That is a 19-point spread, measured, not projected.

On the dividend side, CVX pays $1.78 quarterly — a 3.16% yield at today's $224.98 price — while XOM pays $1.03 quarterly for a 2.3% yield at $178.98. Over the window, the $10,000 position collected $6,906 in CVX dividends against $5,254 from XOM. CVX has raised its payout faster, compounding 5.26%/yr against 3.3%/yr for XOM.

Every figure in this comparison is computed from DRIPCalc's own price and dividend history for CVX and XOM — the same data behind every chart and calculator on this page.

Compare Earnings, Free Cash Flow, Dividend Payout Ratios and other metrics for CVX vs XOM — or open each ticker's full history: CVX, XOM.

Here are 5 year price charts for CVX & XOM:

In the span of 10 years, the price of CVX climbed 122%, from $101.36 to $224.98 — a compound annual growth rate (CAGR) of 8.3%.

In the span of 10 years, the price of XOM climbed 107%, from $86.54 to $178.98 — a compound annual growth rate (CAGR) of 7.54%.

Dividend payments and yield graphs for CVX & XOM:

The 10-year window opened with CVX paying $1.63 per share; the latest payment is $1.78 — a dividend CAGR of 5.26%. XOM went from $0.95 to $1.03 over the same stretch, a 3.3% CAGR.

Expanded Chart

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Charts above show historic dividend payments for each company, with the Dividend Yield curve overlaying the payments and the Dividend CAGR for the last 1, 2, 5 and 10 years. A rising yield curve means the price was cheap relative to the dividend at those payment dates; a sloping-down curve means the stock was getting more expensive relative to its dividends.

Based on CVX's 10-year CAGR, it would take 13.69 years to double your dividend yield-on-cost.
Based on XOM's 10-year CAGR, it would take 21.82 years to double your dividend yield-on-cost.

Rule of 72: divide 72 by a growth rate to approximate the years it takes to double — the doubling times above come straight from each dividend CAGR on this page. One caution: extreme double-digit yields have historically often preceded dividend cuts.

CVX & XOM in review: performance and the Oil & Gas Integrated picture

We don't give investment advice. However, here is our review of these two stock's performance, and analysis of Oil & Gas Integrated overall, for you to make more informed decisions.

You can see more of our dividend stocks videos on DripCalc youtube channel.

Investing $10,000 in CVX & XOM today: Estimated Future Return & Dividends:

Looking across up to ten years of history, CVX achieved a share price compound annual growth rate (CAGR) of 8.3%, accompanied by a dividend CAGR of 5.26%.

By the same measure, XOM recorded a share price CAGR of 7.54%, along with a dividend CAGR of 3.3%.

How a $10,000 investment could perform based on these historic CAGR numbers:

If you invest $10000 today into one of these companies, applying these CAGR figures forecasts the 10-year path of your initial investment, assuming dividends are continuously reinvested (DRIP), as detailed below:

And here is how your $10,000 investment into Chevron Corporation or Exxon Mobil Corporation could perform based on the CAGR figures above, represented on a graph - a Dividend DRIP Snowball:

Try our dividend DRIP calculator: CVX or XOM - estimate your returns and dividend income!

Using our dividend calculator, you can customize initial investment, projected Dividend & Price growth rate, additional investment amount and frequency, to fit your investing style and goals.

The figures above are projections built on each stock's historical Dividend and Price CAGR under a DRIP assumption — estimations only, and actual returns will vary.

Latest price & signal check: CVX vs XOM

CVX$224.98

SIGNAL:|Oct 9 '26|RSI 71CVX has a Trend Signal — Oct 9 '26 (8 days ago)

XOM$178.98

SIGNAL:|Oct 1 '26|RSI 73XOM has a Trend Signal — Oct 1 '26 (16 days ago)

Signal states are computed by our signals engine from price data — shown here as data points, not recommendations.

Longer-term price trends: CVX vs XOM

CVX last closed at $224.98, within 0% of its 52-week high of $224.98. The share price has gone up 48.3% over the last year, a 15.5%/yr pace over five years, compounded 8.3%/yr over the decade.

XOM last closed at $178.98, within 0% of its 52-week high of $178.98. The share price has gone up 61.8% over the last year, a 23.4%/yr pace over five years, compounded 7.5%/yr over the decade.

Price CAGRs are computed from closing prices over each window — descriptive history, not a projection.

Earnings power: what CVX and XOM actually earn

Over the trailing twelve months, CVX earned $10.43 per share on $208.71B of revenue, while XOM earned $7.77 per share on $361.06B — CVX's revenue base is 42% less than XOM's.

CVX compounded reported EPS at -12.9%/yr over 3 years (41.2%/yr over 5). Meanwhile XOM compounded reported EPS at -14.6%/yr over 3 years. Both rates compare reported results with reported results — the forward view further down uses estimates against estimates.

Against expectations: CVX beat GAAP-based street numbers in 3 of the last 7 quarters; XOM beat GAAP-based street numbers in 5 of the last 8 quarters.

Head-to-head: CVX vs XOM across four metric families

Each family scores its own game — cheaper wins valuation, faster wins growth, higher wins profitability, cleaner wins cash quality. A cell is highlighted when the gap tops 3%; anything tighter is scored even.

* forward figures use street estimates for quarters past the last reported one (45-day window). Forward EPS growth = the next 4 quarters' street estimates over the last 4 quarters' street estimates (estimate over estimate, never estimates over reported actuals) — the same figure as each stock page's Company Overview. PEG = forward PE ÷ that growth (N/M under 2% growth). Forward PE is price over estimated earnings — the market convention.

Free cash flow: the money that's actually left over

CVX generated $25.34B of free cash flow over the trailing twelve months — 17% less than XOM's $30.55B.

Per share, quarter by quarter — the cleaner lens once buybacks enter the picture:

Quality check — CVX converts 123% of net income into free cash (up from 117% a year ago); XOM converts 93% of net income into free cash (steady vs a year ago). Above 100% means the business throws off more cash than its accounting profit suggests.

Capital intensity: capex eats 10.7¢ of every revenue dollar at CVX — up from 8.5¢ a year ago; capex eats 8.1¢ of every revenue dollar at XOM — flat year over year.

The margin story: who keeps more of each sale

CVX's net margin averaged 9% over the last four quarters vs 7.3% the year before — expanding. XOM's net margin averaged 8.7% over the last four quarters vs 9.4% the year before — contracting.

If the trends hold: a 5-year back-of-the-envelope for CVX & XOM

If CVX delivers the street's next-four-quarter EPS and compounds it at the estimate-over-estimate -1.8%/yr, still fetching 15x forward earnings in five years, the stock would trade near $209.32. A buyer demanding 15%/yr returns could pay up to $104.07 today (current price: $224.98).

If XOM delivers the street's next-four-quarter EPS and compounds it at the estimate-over-estimate -7%/yr, still fetching 15.1x forward earnings in five years, the stock would trade near $133.70. A buyer demanding 15%/yr returns could pay up to $66.47 today (current price: $178.98).

Caveat, prominently: these paths extrapolate street estimates and today's forward multiples five years into the future. Estimates get revised, multiples compress, trends bend, cycles turn — treat this as arithmetic, not prophecy.

Yield-on-cost, five years out

At today's 3.16% yield, five more years of CVX's 5.26%/yr dividend growth would put the yield-on-cost at 4.08% of today's price. Meanwhile, at today's 2.3% yield, five more years of XOM's 3.3%/yr dividend growth would put the yield-on-cost at 2.71% of today's price.

CVX vs XOM: quick answers