NOG vs SHEL: Which Is the Better Dividend Stock?
As of July 2026, SHEL (Shell plc) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NOG offers the higher yield at 8.49%, SHEL has the higher dividend-safety score, and NOG trades at the larger discount to fair value (+31%).
| Metric | NOG | SHEL |
|---|---|---|
| Forward yield | 8.49% | 3.58% |
| Annual dividend | $1.80 | $3.12 |
| Payout ratio | 462% | 45% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | — | 17.2% |
| 5-yr total return | 28% | 120% |
| Dividend safety score | 57 (C) | 73 (B) |
| Fair value estimate | $27.72 | $113.22 |
| Upside to fair value | +31% | +30% |
| Frequency | quarterly | quarterly |
| Market cap | $2.3B | $238.5B |
| P/E ratio | — | 13.6 |
Higher yield
NOG
8.49%
Safer dividend
SHEL
Grade B
Faster growth
SHEL
17.2%
Better value
NOG
+31% upside
NOG vs SHEL — FAQ
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