Context. The dipping source XB 1916-053 is a compact binary system with an orbital period of 50 min harboring a neutron star. It shows a positive and a negative superhump, which suggests the presence of a precessing elliptic accretion disk tilted with respect to the equatorial plane of the system. The orbital ephemeris indicates a large orbital period derivative, P- /P = 1.53 × 10-7 yr-1, that can be explained assuming a high non-conservative mass transfer rate. Finally, the spectrum shows prominent absorption lines indicating the presence of an ionized absorber along the line of sight. Aims. Using ten new Chandra observations and one Swift/XRT observation, we are able to extend the baseline of the orbital ephemeris; this allows us to exclu...