SHEL vs WES: Which Is the Better Dividend Stock?
As of Oct 27, 2026, WES (Western Midstream Partners, LP) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. WES offers the higher yield at 8.24%, SHEL has the higher dividend-safety score, and WES looks like the better value (its fair-value estimate is 65% above its share price).
Key facts: SHEL vs WES
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Western Midstream Partners, LP (WES) has the higher forward dividend yield at 8.24%, versus 2.92% for Shell plc (SHEL).
- As of Oct 27, 2026, SmarterDividends grades SHEL's dividend safety B (74/100) and WES's C (54/100).
- By SmarterDividends' count as of Oct 27, 2026, SHEL has raised its dividend for 5 consecutive years and WES for 5.
- As of Oct 27, 2026, SHEL pays out 33% of its earnings as dividends and WES pays out 116%.
- As of Oct 27, 2026, SHEL's fair-value estimate is 20% below its share price and WES's fair-value estimate is 65% above its share price, so WES looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SHEL vs WES: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/shel-vs-wes
| Metric | SHEL | WES |
|---|---|---|
| Forward yield | 2.92% | 8.24% |
| Annual dividend | $3.12 | $3.72 |
| Payout ratio | 33% | 116% |
| Years of growth | 5 yr | 5 yr |
| 5-yr dividend growth | 17.2% | 23.7% |
| 5-yr total return | 157% | 135% |
| Dividend safety score | 74 (B) | 54 (C) |
| Fair value estimate | $85.61 | $74.55 |
| Upside to fair value | -20% | +65% |
| Frequency | quarterly | quarterly |
| Market cap | $303.7B | $18.7B |
| P/E ratio | 11.8 | 14.3 |
Higher yield
WES
8.24%
Safer dividend
SHEL
Grade B
Faster growth
WES
23.7%
Better value
WES
+65% upside
SHEL vs WES — FAQ
Is SHEL or WES a better dividend stock?
On the data, WES wins more head-to-head categories (4 vs 3). WES offers the higher yield (8.24%), 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 WES?
WES has the higher forward dividend yield at 8.24%, versus 2.92% for SHEL.
Is SHEL or WES safer?
SHEL has the higher dividend-safety score (74/100 vs 54/100), reflecting stronger payout coverage and dividend-growth history.
Is SHEL or WES better value right now?
As of Oct 27, 2026, WES looks like the better value: its fair-value estimate is 65% above its share price (undervalued). 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.