CNQ vs SHEL: Which Is the Better Dividend Stock?
As of July 2026, CNQ (Canadian Natural Resources Limited) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CNQ offers the higher yield at 4.01%, CNQ has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+30%).
| Metric | CNQ | SHEL |
|---|---|---|
| Forward yield | 4.01% | 3.58% |
| Annual dividend | $1.76 | $3.12 |
| Payout ratio | 46% | 45% |
| Years of growth | 10 yr | 5 yr |
| 5-yr dividend growth | 22.1% | 17.2% |
| 5-yr total return | 171% | 120% |
| Dividend safety score | 73 (B) | 73 (B) |
| Fair value estimate | $47.19 | $113.22 |
| Upside to fair value | +8% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $91.7B | $238.5B |
| P/E ratio | 11.8 | 13.6 |
Higher yield
CNQ
4.01%
Safer dividend
CNQ
Grade B
Faster growth
CNQ
22.1%
Better value
SHEL
+30% upside
CNQ vs SHEL — FAQ
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