CVX vs SHEL: Which Is the Better Dividend Stock?
As of September 2026, CVX and SHEL are closely matched. CVX offers the higher yield at 3.33%, CVX has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (-10%).
| Metric | CVX | SHEL |
|---|---|---|
| Forward yield | 3.33% | 3.23% |
| Annual dividend | $7.12 | $3.12 |
| Payout ratio | 67% | 33% |
| Years of growth | 38 yr | 5 yr |
| 5-yr dividend growth | 5.8% | 17.2% |
| 5-yr total return | 111% | 117% |
| Dividend safety score | 95 (A) | 74 (B) |
| Fair value estimate | $118.08 | $87.49 |
| Upside to fair value | -45% | -10% |
| Frequency | quarterly | quarterly |
| Market cap | $419.9B | $276.7B |
| P/E ratio | 20.6 | 10.7 |
Higher yield
CVX
3.33%
Safer dividend
CVX
Grade A
Faster growth
SHEL
17.2%
Better value
SHEL
-10% upside
CVX vs SHEL — FAQ
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