SHEL vs XOM: Which Is the Better Dividend Stock?
As of Oct 8, 2026, SHEL and XOM are closely matched. SHEL offers the higher yield at 3.23%, XOM has the higher dividend-safety score, and SHEL looks like the better value (its fair-value estimate is 12% below its share price).
Key facts: SHEL vs XOM
Data as of · Source: SmarterDividends data
- As of Oct 8, 2026, Shell plc (SHEL) has the higher forward dividend yield at 3.23%, versus 2.51% for ExxonMobil Holdings Corporation (XOM).
- As of Oct 8, 2026, SmarterDividends grades SHEL's dividend safety B (74/100) and XOM's A (92/100).
- By SmarterDividends' count as of Oct 8, 2026, SHEL has raised its dividend for 5 consecutive years and XOM for 24.
- As of Oct 8, 2026, SHEL pays out 33% of its earnings as dividends and XOM pays out 53%.
- As of Oct 8, 2026, SHEL's fair-value estimate is 12% below its share price and XOM's fair-value estimate is 49% below its share price, so SHEL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SHEL vs XOM: Dividend Yield, Safety & Value Compared," updated Oct 8, 2026, https://smarterdividends.com/compare/shel-vs-xom
| Metric | SHEL | XOM |
|---|---|---|
| Forward yield | 3.23% | 2.51% |
| Annual dividend | $3.12 | $4.12 |
| Payout ratio | 33% | 53% |
| Years of growth | 5 yr | 24 yr |
| 5-yr dividend growth | 17.2% | 2.8% |
| 5-yr total return | 110% | 154% |
| Dividend safety score | 74 (B) | 92 (A) |
| Fair value estimate | $85.54 | $83.10 |
| Upside to fair value | -12% | -49% |
| Frequency | quarterly | quarterly |
| Market cap | $275.8B | $674.6B |
| P/E ratio | 10.7 | 21.2 |
Higher yield
SHEL
3.23%
Safer dividend
XOM
Grade A
Faster growth
SHEL
17.2%
Better value
SHEL
-12% upside
SHEL vs XOM — FAQ
Is SHEL or XOM a better dividend stock?
SHEL and XOM are closely matched. SHEL has the higher yield; XOM scores better on safety.
Which has a higher dividend yield, SHEL or XOM?
SHEL has the higher forward dividend yield at 3.23%, versus 2.51% for XOM.
Is SHEL or XOM safer?
XOM has the higher dividend-safety score (92/100 vs 74/100), reflecting stronger payout coverage and dividend-growth history.
Is SHEL or XOM better value right now?
As of Oct 8, 2026, SHEL looks like the better value: its fair-value estimate is 12% below its share price (fairly valued). For XOM, its fair-value estimate is 49% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.