PSX vs SHEL: Which Is the Better Dividend Stock?
As of September 2026, PSX (Phillips 66) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SHEL offers the higher yield at 3.31%, PSX has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (-8%).
| Metric | PSX | SHEL |
|---|---|---|
| Forward yield | 1.86% | 3.31% |
| Annual dividend | $5.08 | $3.12 |
| Payout ratio | 28% | 33% |
| Years of growth | 13 yr | 5 yr |
| 5-yr dividend growth | 5.7% | 17.2% |
| 5-yr total return | 265% | 106% |
| Dividend safety score | 89 (A) | 74 (B) |
| Fair value estimate | $136.43 | $87.17 |
| Upside to fair value | -50% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $109.0B | $270.0B |
| P/E ratio | 15.6 | 10.5 |
Higher yield
SHEL
3.31%
Safer dividend
PSX
Grade A
Faster growth
SHEL
17.2%
Better value
SHEL
-8% upside
PSX vs SHEL — FAQ
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