This study examines the effects of the chemical composition of the clay fraction of various soil horizons on radiation shielding parameters. X-ray fluorescence (XRF) analysis did not reveal significant differences in the concentration of the most abundant oxides (Al2O3, SiO2, Fe2O3) among the various horizons. Consequently, the mass attenuation coefficient did not vary among the horizons in terms of the photon energies studied (15 keV–10 MeV). The mean free path (MFP), half-value layer (HVL) and tenth-value layer (TVL) did not differ for energies up to 100 keV. However, at higher energies, these parameters were mainly influenced by the differences in the densities of the soil horizons. The effective atomic number did not differ across the horizons for the various photon energies, nor did the mass attenuation coefficient. It is shown that slight differences in the chemical composition of the clay fraction of soil horizons do not affect radiation shielding parameters (MFL, HVL, TVL) for low photon energies (<500 keV). Density is more important for radiation shielding than the chemical composition of the various horizons of the same soil type for higher energies (>100 keV); hence, compacting the clay fraction might be more efficient for radiation shielding purposes at higher energies.