CVX vs SHEL: Which Is the Better Dividend Stock?
As of June 2026, CVX and SHEL are closely matched. CVX offers the higher yield at 3.80%, CVX has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (+18%).
| Metric | CVX | SHEL |
|---|---|---|
| Forward yield | 3.80% | 3.65% |
| Annual dividend | $7.12 | $3.12 |
| Payout ratio | 120% | 45% |
| Years of growth | 38 yr | 5 yr |
| 5-yr dividend growth | 5.8% | 17.0% |
| 5-yr total return | 79% | 112% |
| Dividend safety score | 86 (A) | 73 (B) |
| Fair value estimate | $153.80 | $100.86 |
| Upside to fair value | -18% | +18% |
| Frequency | quarterly | quarterly |
| Market cap | $372.9B | $237.5B |
| P/E ratio | 32.6 | 13.3 |
Higher yield
CVX
3.80%
Safer dividend
CVX
Grade A
Faster growth
SHEL
17.0%
Better value
SHEL
+18% upside
CVX vs SHEL — FAQ
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