CVX vs SHEL: Which Is the Better Dividend Stock?
As of Nov 2, 2026, CVX and SHEL are closely matched. CVX offers the higher yield at 3.02%, CVX has the higher dividend-safety score, and SHEL looks like the better value (its fair-value estimate is 21% below its share price).
Key facts: CVX vs SHEL
Data as of · Source: SmarterDividends data
- As of Nov 2, 2026, Chevron Corporation (CVX) has the higher forward dividend yield at 3.02%, versus 2.88% for Shell plc (SHEL).
- As of Nov 2, 2026, SmarterDividends grades CVX's dividend safety A (96/100) and SHEL's B (75/100).
- By SmarterDividends' count as of Nov 2, 2026, CVX has raised its dividend for 38 consecutive years and SHEL for 5.
- As of Nov 2, 2026, CVX pays out 67% of its earnings as dividends and SHEL pays out 26%.
- As of Nov 2, 2026, CVX's fair-value estimate is 58% below its share price and SHEL's fair-value estimate is 21% below its share price, so SHEL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CVX vs SHEL: Dividend Yield, Safety & Value Compared," updated Nov 2, 2026, https://smarterdividends.com/compare/cvx-vs-shel
| Metric | CVX | SHEL |
|---|---|---|
| Forward yield | 3.02% | 2.88% |
| Annual dividend | $7.12 | $3.12 |
| Payout ratio | 67% | 26% |
| Years of growth | 38 yr | 5 yr |
| 5-yr dividend growth | 5.8% | 17.2% |
| 5-yr total return | 109% | 159% |
| Dividend safety score | 96 (A) | 75 (B) |
| Fair value estimate | $99.92 | $85.98 |
| Upside to fair value | -58% | -21% |
| Frequency | quarterly | quarterly |
| Market cap | $459.5B | $308.6B |
| P/E ratio | 17.3 | 12.0 |
Higher yield
CVX
3.02%
Safer dividend
CVX
Grade A
Faster growth
SHEL
17.2%
Better value
SHEL
-21% upside
CVX vs SHEL — FAQ
Is CVX or SHEL a better dividend stock?
CVX and SHEL are closely matched. CVX has the higher yield; CVX scores better on safety.
Which has a higher dividend yield, CVX or SHEL?
CVX has the higher forward dividend yield at 3.02%, versus 2.88% for SHEL.
Is CVX or SHEL safer?
CVX has the higher dividend-safety score (96/100 vs 75/100), reflecting stronger payout coverage and dividend-growth history.
Is CVX or SHEL better value right now?
As of Nov 2, 2026, SHEL looks like the better value: its fair-value estimate is 21% below its share price (overvalued). For CVX, its fair-value estimate is 58% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.