COP vs SLB: Dividend Comparison

At $111.65 per share, $10,000 buys about 89.6 shares of Conocophillips (COP). Each share pays $3.18 per year in dividends, so the position starts out generating roughly $285 per year — about $24 a month.

At $50.61 per share, $10,000 buys about 197.6 shares of Slb Limited/Nv (SLB). Each share pays $1.14 per year in dividends, so the position starts out generating roughly $225 per year — about $19 a month.

COP is the larger income stream from day one: $60 per year more on the same $10,000 invested.

Conocophillips (COP) has raised its dividend about 11.1% a year over the past five years. If that pace held, the $296 per year that $10,000 generates today at the current 2.96% yield would reach $844 per year by 2036 — a 8.4% yield on the original cost.

Slb Limited/Nv (SLB) has raised its dividend about 22.9% a year over the past five years. If that pace held, the $228 per year that $10,000 generates today at the current 2.28% yield would reach $1,789 per year by 2036 — a 17.9% yield on the original cost.

On those trailing rates, SLB pays more in 2036: $1,789 versus $844 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.

Slb Limited/Nv (SLB) yields less today (2.28% vs 2.96%) but has grown its dividend faster — 22.9% vs 11.1% a year over the past five years. If both trends continued, a $10,000 position in SLB would start out-earning the same position in COP around 2029 (roughly 3 years from now), paying about $423 per year at the crossover. Before that point, COP pays more each year; after it, the gap compounds in SLB's favor.

Conocophillips (COP) earns $6.35 per share against $3.18 paid out in dividends — 2.0x coverage (a 50% payout ratio).

Slb Limited/Nv (SLB) earns $2.35 per share against $1.14 paid out in dividends — 2.1x coverage (a 49% payout ratio).

Coverage is similar for both, so neither dividend looks meaningfully more stretched than the other on current earnings.

For income you need right now, Conocophillips (COP) leads: $100,000 invested today pays about $247 a month at the current 2.96% yield, versus $190 a month from Slb Limited/Nv (SLB) at 2.28%.

With a decade or more before the income is needed, SLB's faster dividend growth (22.9% vs 11.1% a year) matters more than the starting yield — raises compound into the larger paycheck over time.

On consistency: COP has raised its dividend 1 consecutive year; SLB has raised its dividend 4 consecutive years.

Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.