OXY vs SHEL: Which Is the Better Dividend Stock?
As of Oct 30, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SHEL offers the higher yield at 2.97%, SHEL has the higher dividend-safety score, and OXY looks like the better value (its fair-value estimate is 15% below its share price).
Key facts: OXY vs SHEL
Data as of · Source: SmarterDividends data
- As of Oct 30, 2026, Shell plc (SHEL) has the higher forward dividend yield at 2.97%, versus 1.78% for Occidental Petroleum Corporation (OXY).
- As of Oct 30, 2026, SmarterDividends grades OXY's dividend safety B (69/100) and SHEL's B (74/100).
- By SmarterDividends' count as of Oct 30, 2026, OXY has raised its dividend for 4 consecutive years and SHEL for 5.
- As of Oct 30, 2026, OXY pays out 28% of its earnings as dividends and SHEL pays out 33%.
- As of Oct 30, 2026, OXY's fair-value estimate is 15% below its share price and SHEL's fair-value estimate is 20% below its share price, so OXY looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "OXY vs SHEL: Dividend Yield, Safety & Value Compared," updated Oct 30, 2026, https://smarterdividends.com/compare/oxy-vs-shel
| Metric | OXY | SHEL |
|---|---|---|
| Forward yield | 1.78% | 2.97% |
| Annual dividend | $1.12 | $3.12 |
| Payout ratio | 28% | 33% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 88.8% | 17.2% |
| 5-yr total return | 116% | 157% |
| Dividend safety score | 69 (B) | 74 (B) |
| Fair value estimate | $53.40 | $85.61 |
| Upside to fair value | -15% | -20% |
| Frequency | quarterly | quarterly |
| Market cap | $63.0B | $305.8B |
| P/E ratio | 17.9 | 11.9 |
Higher yield
SHEL
2.97%
Safer dividend
SHEL
Grade B
Faster growth
OXY
88.8%
Better value
OXY
-15% upside
OXY vs SHEL — FAQ
Is OXY or SHEL a better dividend stock?
On the data, SHEL wins more head-to-head categories (5 vs 3). SHEL offers the higher yield (2.97%), while SHEL has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, OXY or SHEL?
SHEL has the higher forward dividend yield at 2.97%, versus 1.78% for OXY.
Is OXY or SHEL safer?
SHEL has the higher dividend-safety score (74/100 vs 69/100), reflecting stronger payout coverage and dividend-growth history.
Is OXY or SHEL better value right now?
As of Oct 30, 2026, OXY looks like the better value: its fair-value estimate is 15% below its share price (overvalued). For SHEL, its fair-value estimate is 20% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.