SHEL vs TXO: Which Is the Better Dividend Stock?
As of Oct 27, 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. TXO offers the higher yield at 9.88%, SHEL has the higher dividend-safety score, and TXO looks like the better value (its fair-value estimate is 11% above its share price).
Key facts: SHEL vs TXO
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, TXO Partners, L.P. (TXO) has the higher forward dividend yield at 9.88%, versus 2.92% for Shell plc (SHEL).
- As of Oct 27, 2026, SmarterDividends grades SHEL's dividend safety B (74/100) and TXO's D (48/100).
- By SmarterDividends' count as of Oct 27, 2026, SHEL has raised its dividend for 5 consecutive years and TXO for 0.
- As of Oct 27, 2026, SHEL's fair-value estimate is 20% below its share price and TXO's fair-value estimate is 11% above its share price, so TXO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SHEL vs TXO: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/shel-vs-txo
| Metric | SHEL | TXO |
|---|---|---|
| Forward yield | 2.92% | 9.88% |
| Annual dividend | $3.12 | $1.41 |
| Payout ratio | 33% | 563% |
| Years of growth | 5 yr | 0 yr |
| 5-yr dividend growth | 17.2% | — |
| 5-yr total return | 157% | — |
| Dividend safety score | 74 (B) | 48 (D) |
| Fair value estimate | $85.61 | $15.86 |
| Upside to fair value | -20% | +11% |
| Frequency | quarterly | quarterly |
| Market cap | $303.7B | $791.2M |
| P/E ratio | 11.8 | — |
Higher yield
TXO
9.88%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
TXO
+11% upside
SHEL vs TXO — FAQ
Is SHEL or TXO a better dividend stock?
On the data, SHEL wins more head-to-head categories (4 vs 2). TXO offers the higher yield (9.88%), 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, SHEL or TXO?
TXO has the higher forward dividend yield at 9.88%, versus 2.92% for SHEL.
Is SHEL or TXO safer?
SHEL has the higher dividend-safety score (74/100 vs 48/100), reflecting stronger payout coverage and dividend-growth history.
Is SHEL or TXO better value right now?
As of Oct 27, 2026, TXO looks like the better value: its fair-value estimate is 11% above its share price (fairly valued). 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.