SHEL vs SLB: Which Is the Better Dividend Stock?
As of July 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SHEL offers the higher yield at 3.58%, SHEL has the higher dividend-safety score, and SLB trades at the larger discount to fair value (+55%).
| Metric | SHEL | SLB |
|---|---|---|
| Forward yield | 3.58% | 2.51% |
| Annual dividend | $3.12 | $1.18 |
| Payout ratio | 45% | 51% |
| Years of growth | 5 yr | 4 yr |
| 5-yr dividend growth | 17.2% | 17.9% |
| 5-yr total return | 120% | 68% |
| Dividend safety score | 73 (B) | 70 (B) |
| Fair value estimate | $113.22 | $72.93 |
| Upside to fair value | +30% | +55% |
| Frequency | quarterly | quarterly |
| Market cap | $238.5B | $69.4B |
| P/E ratio | 13.6 | 20.7 |
Higher yield
SHEL
3.58%
Safer dividend
SHEL
Grade B
Faster growth
SLB
17.9%
Better value
SLB
+55% upside
SHEL vs SLB — FAQ
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