EOG vs SLB: Dividend Comparison
Dividend data as of
Eog Resources Inc (EOG) and Slb Limited/Nv (SLB) are both in the Energy sector, making them natural rivals for dividend investors. EOG offers a significantly higher 3.50% yield compared to SLB's 2.28%, a gap of 1.22%. For dividend growth, SLB leads with a 5-year CAGR of 22.9% versus EOG's -1.8%. Both stocks carry a "Safe" dividend safety rating.
Verdict
Yield Analysis
EOG yields 1.22% more than SLB. In dollar terms, EOG pays $3.94/share vs SLB's $1.14/share annually.
Dividend Growth
EOG: Dividend growth is slowing — the 3-year CAGR of -10.9% trails the 5-year rate of -1.8% and the 10-year rate of 25.7%.
SLB: Dividend growth has been steady, with a 3-year CAGR of 23.3% and a 5-year CAGR of 22.9% (10-year: -3.0%).
Dividend Safety
EOG: The payout ratio of 38% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.6x.
SLB: The payout ratio of 49% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 2.1x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in EOG vs SLB today?
At $120.62 per share, $10,000 buys about 82.9 shares of Eog Resources Inc (EOG). Each share pays $3.94 per year in dividends, so the position starts out generating roughly $327 per year — about $27 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.
EOG is the larger income stream from day one: $102 per year more on the same $10,000 invested.
What could $10,000 of EOG or SLB income look like in 10 years?
Eog Resources Inc (EOG)'s dividend has shrunk about 1.8% a year over the past five years. If that trend continued, today's $350 per year on $10,000 (at the current 3.50% yield) would fall to $292 per year by 2036.
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 $292 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would SLB's dividend growth overtake EOG's higher yield?
Slb Limited/Nv (SLB) yields less today (2.28% vs 3.50%) but has grown its dividend faster — 22.9% vs -1.8% 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 EOG around 2028 (roughly 2 years from now), paying about $344 per year at the crossover. Before that point, EOG pays more each year; after it, the gap compounds in SLB's favor.
Can EOG and SLB afford their dividends?
Eog Resources Inc (EOG) earns $10.07 per share against $3.94 paid out in dividends — 2.6x coverage (a 38% 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).
EOG's wider coverage leaves more cushion if earnings dip. As a rule of thumb, coverage below about 1.5x (a payout ratio above ~65%) is where a dividend starts to look stretched — worth watching for SLB if earnings weaken.
Which fits an early-retirement income portfolio better, EOG or SLB?
For income you need right now, Eog Resources Inc (EOG) leads: $100,000 invested today pays about $292 a month at the current 3.50% 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 -1.8% a year) matters more than the starting yield — raises compound into the larger paycheck over time.
On consistency: 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.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $413/yr in EOG vs $2,241/yr in SLB by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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