SHEL vs XOM: Which Is the Better Dividend Stock?
As of September 2026, SHEL and XOM are closely matched. SHEL offers the higher yield at 3.23%, XOM has the higher dividend-safety score, and SHEL trades at the larger discount to fair value (-10%).
| Metric | SHEL | XOM |
|---|---|---|
| Forward yield | 3.23% | 2.48% |
| 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 | 117% | 182% |
| Dividend safety score | 74 (B) | 92 (A) |
| Fair value estimate | $87.49 | $88.67 |
| Upside to fair value | -10% | -47% |
| Frequency | quarterly | quarterly |
| Market cap | $276.7B | $682.5B |
| P/E ratio | 10.7 | 21.4 |
Higher yield
SHEL
3.23%
Safer dividend
XOM
Grade A
Faster growth
SHEL
17.2%
Better value
SHEL
-10% upside
SHEL vs XOM — FAQ
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