EQNR vs SHEL: Which Is the Better Dividend Stock?
As of September 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. EQNR offers the higher yield at 3.71%, SHEL has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (-0%).
| Metric | EQNR | SHEL |
|---|---|---|
| Forward yield | 3.71% | 3.36% |
| Annual dividend | $1.56 | $3.12 |
| Payout ratio | 41% | 33% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 15.5% | 17.2% |
| 5-yr total return | 65% | 109% |
| Dividend safety score | 58 (C) | 74 (B) |
| Fair value estimate | $30.53 | $92.49 |
| Upside to fair value | -27% | -0% |
| Frequency | quarterly | quarterly |
| Market cap | $99.9B | $266.0B |
| P/E ratio | 11.4 | 10.3 |
Higher yield
EQNR
3.71%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
SHEL
-0% upside
EQNR vs SHEL — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.