A disposable safety razor having an integral shaving conditioner dispenser includes a neck to which a blade cartridge is affixed at a top end thereof and a handle extends downwardly therefrom. The handle is ergonomically shaped and has an exterior wall that defines a pressure cavity therein for receiving a shaving conditioning compound and a pressurized dispensing gas. The handle has an opening at its bottom and a valve received in the opening. The valve is configured to dispense the shaving conditioning compound downwardly through the valve with the razor held upright. A dispensing cap covers the valve and is engaged therewith such that movement of the dispensing cap causes release of the shaving conditioning compound downwardly through the valve and out from a discharge opening in the cap while holding the razor upright with the blade cartridge and neck positioned higher than the handle bottom and dispensing cap.