SHEL vs SLB: Which Is the Better Dividend Stock?
As of September 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SHEL offers the higher yield at 3.31%, SHEL has the higher dividend-safety score, and SLB trades at the larger discount to fair value (+33%).
| Metric | SHEL | SLB |
|---|---|---|
| Forward yield | 3.31% | 2.31% |
| Annual dividend | $3.12 | $1.18 |
| Payout ratio | 33% | 57% |
| Years of growth | 5 yr | 4 yr |
| 5-yr dividend growth | 17.2% | 17.9% |
| 5-yr total return | 106% | 58% |
| Dividend safety score | 74 (B) | 72 (B) |
| Fair value estimate | $87.17 | $67.85 |
| Upside to fair value | -8% | +33% |
| Frequency | quarterly | quarterly |
| Market cap | $270.0B | $75.9B |
| P/E ratio | 10.5 | 24.9 |
Higher yield
SHEL
3.31%
Safer dividend
SHEL
Grade B
Faster growth
SLB
17.9%
Better value
SLB
+33% upside
SHEL vs SLB — FAQ
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