APA vs SHEL: Which Is the Better Dividend Stock?
As of Nov 8, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SHEL offers the higher yield at 3.15%, SHEL has the higher dividend-safety score, and SHEL looks like the better value (its fair-value estimate is 8% below its share price).
Key facts: APA vs SHEL
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Shell plc (SHEL) has the higher forward dividend yield at 3.15%, versus 2.24% for APA Corporation (APA).
- As of Nov 8, 2026, SmarterDividends grades APA's dividend safety B (74/100) and SHEL's B (75/100).
- By SmarterDividends' count as of Nov 8, 2026, APA has raised its dividend for 0 consecutive years and SHEL for 5.
- As of Nov 8, 2026, APA pays out 16% of its earnings as dividends and SHEL pays out 26%.
- As of Nov 8, 2026, APA's fair-value estimate is 20% below its share price and SHEL's fair-value estimate is 8% below its share price, so SHEL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "APA vs SHEL: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/apa-vs-shel
| Metric | APA | SHEL |
|---|---|---|
| Forward yield | 2.24% | 3.15% |
| Annual dividend | $1.00 | $3.12 |
| Payout ratio | 16% | 26% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 58.5% | 17.2% |
| 5-yr total return | 73% | 136% |
| Dividend safety score | 74 (B) | 75 (B) |
| Fair value estimate | $35.76 | $90.92 |
| Upside to fair value | -20% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $15.0B | $280.6B |
| P/E ratio | 7.3 | 8.6 |
Higher yield
SHEL
3.15%
Safer dividend
SHEL
Grade B
Faster growth
APA
58.5%
Better value
SHEL
-8% upside
APA vs SHEL — FAQ
Is APA or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (6 vs 2). SHEL offers the higher yield (3.15%), while SHEL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, APA or SHEL?
SHEL has the higher forward dividend yield at 3.15%, versus 2.24% for APA.
Is APA or SHEL safer?
SHEL has the higher dividend-safety score (75/100 vs 74/100), reflecting stronger payout coverage and dividend-growth history.
Is APA or SHEL better value right now?
As of Nov 8, 2026, SHEL looks like the better value: its fair-value estimate is 8% below its share price (fairly valued). For APA, its fair-value estimate is 20% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.