EXE 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%, SHEL has the higher dividend-safety score, and EXE trades at the larger discount to fair value (+36%).
| Metric | EXE | SHEL |
|---|---|---|
| Forward yield | 2.63% | 3.31% |
| Annual dividend | $2.30 | $3.12 |
| Payout ratio | 28% | 33% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | — | 17.2% |
| 5-yr total return | 37% | 106% |
| Dividend safety score | 61 (C) | 74 (B) |
| Fair value estimate | $119.27 | $87.17 |
| Upside to fair value | +36% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $20.9B | $270.0B |
| P/E ratio | 7.5 | 10.5 |
Higher yield
SHEL
3.31%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
EXE
+36% upside
EXE vs SHEL — FAQ
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