SmarterDividends

APA vs SHEL: Which Is the Better Dividend Stock?

As of September 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SHEL offers the higher yield at 3.31%, APA has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (-8%).

MetricAPASHEL
Forward yield2.23%3.31%
Annual dividend$1.00$3.12
Payout ratio21%33%
Years of growth0 yr5 yr
5-yr dividend growth58.5%17.2%
5-yr total return71%106%
Dividend safety score74 (B)74 (B)
Fair value estimate$37.64$87.17
Upside to fair value-16%-8%
Frequencyquarterlyquarterly
Market cap$15.3B$266.4B
P/E ratio9.210.3

Higher yield

SHEL

3.31%

Safer dividend

APA

Grade B

Faster growth

APA

58.5%

Better value

SHEL

-8% upside

APA vs SHEL — FAQ

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