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 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

Exxon Mobil Corporation XOM | NYSE
Here are 10-year total returns of these two companies:
CVX total return with dividends reinvested: 122.6%
XOM total return with dividends reinvested: 94.9%
Compare Earnings, Free Cash Flow, Dividend Payout Retios and other metrics for CVX vs XOM.
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 aoutomatically reinvested (DRIP) on the payout day, with no additional investments.
CVX | XOM | |
---|---|---|
Starting Balance | $10,000 | $10,000 |
Initial Price | $107.86 | $89.01 |
Initial Shares | 92.71 | 112.35 |
Latest Dividend | $1.71 | $0.99 |
Total Dividends | $5,955 | $4,759 |
Last Shares Price | $156.92 | $112 |
Final Shares | 141.84 | 174.02 |
Total Portfolio Value | $22,257 | $19,490 |
Total Return | 122.6% | 94.9% |
Here is a chart comparing the 10-year total returns in 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.
Here are 10 year price charts for CVX & XOM:
In the span of 10 years, the price of CVX surged by 45%, climbing from $107.86 to $156.92, which equates to a compound annual growth rate (CAGR) of 3.82%.
Similarly, over the same timeframe, XOM experienced a price increase of 26%, escalating from $89.01 to $112.00, marking a CAGR of 2.22%.
Dividend payments and yield graphs for CVX & XOM:
For CVX, the most recent dividend stands at $1.71, with a yield of 4.36%. The initial dividend was $1.63, and over the past 10 years, the total dividends paid amount to $5,955, demonstrating a dividend CAGR of 4.8%.
Similarly, XOM's latest dividend is $0.99, yielding 3.54%. The first dividend was $0.95, and the cumulative dividends paid over the last decade total $4,759, reflecting a dividend CAGR of 3.09%.
If overall yield-curve is going up, the stock is considered inexpensive, relative to its dividend. If curve is loping down, the stock is getting more expensive relative to its dividends.
Dividend CAGR (Compound Annual Growth Rate) is how much the dividend is growing, averaged per year.
Based on CVX's 10-year CAGR, it would take 15 years to double your dividend yield-on-cost.
For XOM's and its 10-year CAGR, it would take 23.3 years to double your dividend yield-on-cost.
CAGR 72 Rule: Simply put - if your COMPOUND interest (or dividend) rate is 7% it will take roughly 10 years to double your investment. If your rate is 10%, it will take approximately 7 years to double the investment. Basically to know the interest/yield rate that you would need to earn to double your investment, take 72 and divide by number of years.
For example: You want to double your investment in 5 years. 72/5 years = 14.4%. That's the interest rate that you would need to double your portfolio value.
While most dividend companied do not offer anything near 14.4% dividned yield, the CAGR or dividend growth is where the magic happens. Unlike bonds and CDs, the dividend or "interest payment" of dividend-paying stocks usually goes up!
Caution: If a company is paying something like a 14.4% dividend - most likely it's a yield/value trap, and a dividend cut is coming soon.
Are CVX and XOM a good investment right now?
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 deivdend stocks videos on DripCalc youtube channel.
Investing $10,000 in CVX & XOM today: Estimated Future Return & Dividends:
Reflecting on the performance of the past decade, CVX achieved a share price compound annual growth rate (CAGR) of 3.82%, accompanied by a dividend CAGR of 4.8%.
In the same timeframe, XOM recorded a share price CAGR of 2.22%, along with a dividend CAGR of 3.09%.
How can a $10,000 investment perform based historic CAGR number:
If you invest $10000 today into one of these companies, and utilizing these CAGR figures, we can forecast the 10-year future performance of your initial, assuming dividends were continuously reinvested (DRIP),
would have experienced growth and accumulated dividends as detailed below:
CVX | XOM | |
---|---|---|
Start Value | $10,000 | $10,000 |
Start Share Price | $156.92 | $112.00 |
Start Shares | 63.73 | 89.29 |
Start Dividend (Yield) | $1.71 (4.21%) | $0.99 (3.46%) |
Final Shares | 98.09 | 128.72 |
Final Dividends | $2.60 | $1.34 |
Annual Dividends | $1,022 | $691 |
Share Price | $219.89 | $136.47 |
Total Dividends | $6,524 | $4,925 |
Final Value | $21,569 | $17,567 |
And here is how your $10,000 investment into Chevron Corporation or Exxon Mobil Corporation could perform based on CAGR figers 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 presented above are projections based on the Dividend and Price CAGR for each stock, and they represent potential future returns. It's important to note that these calculations are made under the assumption of DRIP (Dividend Reinvestment Plan).
Please remember, these are only estimations, and actual returns may vary. We cannot guarantee that your actual returns will align precisely with these metrics.