CVX vs SHEL: Which Is the Better Dividend Stock?
As of July 2026, CVX and SHEL are closely matched. CVX offers the higher yield at 3.80%, CVX has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+30%).
| Metric | CVX | SHEL |
|---|---|---|
| Forward yield | 3.80% | 3.58% |
| Annual dividend | $7.12 | $3.12 |
| Payout ratio | 120% | 45% |
| Years of growth | 38 yr | 5 yr |
| 5-yr dividend growth | 5.8% | 17.2% |
| 5-yr total return | 94% | 120% |
| Dividend safety score | 86 (A) | 73 (B) |
| Fair value estimate | $154.80 | $113.22 |
| Upside to fair value | -17% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $377.8B | $238.5B |
| P/E ratio | 32.7 | 13.6 |
Higher yield
CVX
3.80%
Safer dividend
CVX
Grade A
Faster growth
SHEL
17.2%
Better value
SHEL
+30% upside
CVX vs SHEL — FAQ
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