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ConocoPhillips

COP Energy Oil & Gas E&P

ConocoPhillips' revenue for fiscal 2025 (year ended December 2025) was $61.5 billion, up 8.07% from fiscal 2024.

Revenue
+32.4%
EPS
+107.1%
Free cash flow
+407.3%
Total debt
−1.02%

Quarter to June 2026, against a year earlier

136.60 0.34 −0.25%
Market cap
$162.7B
P/E
18.1×
Fwd P/E
13.4×
Dividend yield
2.46%
F-score
5/9
Altman Z
2.93
Beneish M
−3.03
Dividend safety
61/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2014

  • Lower 48
  • EMENA
  • Alaska Segment
  • Asia Pacific Operating Segment
  • Canada Operating Segment
  • Other, not broken out

Every year since 2008 →

Insider Decisions last twelve months

Sold, $m 145.85
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — 11 — — 1 — 2 — — —
Insider Ownership 1.11%

Capital & Financial Ratios $m

Size
Market Cap 162,730.00
Revenue ttm 64,490.00
Net income ttm 9,282.00
Free cash flow ttm 12,161.00
Net debt Q 15,598.00
Valuation
P/E 18.07
Forward P/E 13.40
Price / sales 2.57
Forward P/S Powerpack
Price / FCF 13.63
Price / book 2.54
Financial health
Current ratio Q 1.54 (at or above 1.5: strong)
Debt / equity Q 0.36 (at or below 0.5: strong)
Interest coverage Q 34.82
Growth
Revenue growth Q +32.44% (above 0%: growing)
Operating income growth Q +89.70% (above 0%: growing)
EPS, this year +87.11% (at or above 15%: strong)
EPS, next year A −7.63% (below 0%: weak)
Revenue, next year A +19.51% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +17.69% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 2.4×; over the ten years it ranged from 1.3× in 2020 to 3.6× in 2016.
P/E against its own 10 years 82.57%
10-year low 10-year high
P/S against its own 10 years 90.28%
10-year low 10-year high
P/B against its own 10 years 71.10%
10-year low 10-year high
EV/Sales against its own 10 years 80.09%
10-year low 10-year high
EV/FCF against its own 10 years 64.24%
10-year low 10-year high

Dividends

Yield
2.46%
Annual rate
3.36
Payout ratio
44.4%
Growth, 2017–25
+14.7%/yr
  1. 1.06 ’17
  2. 1.16 ’18 +9
  3. 1.34 ’19 +15
  4. 1.69 ’20 +27
  5. 1.75 ’21 +4
  6. 3.96 ’22 +126
  7. 4.42 ’23 +12
  8. 2.34 ’24 −47
  9. 3.18 ’25 +36
  10. 3.38 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 6,606 6,114 6,981 7,692
Receivables 5,474 6,695 5,813 6,957
Inventory 1,398 1,809 1,873 1,879
Other — — — —
14,330 15,647 15,532 19,195
2023 2024 2025 Q'26
Payables 5,117 6,044 6,218 6,764
ST’ Debt 1,074 1,035 1,020 462
Other — — — —
10,005 12,124 11,972 12,452

Compound Annual Growth %

10y 5y 3y
Sales 7.12% 26.16% (9.18%)
Cash Flow 10.09% 32.75% (11.25%)
Earnings 0.00% 0.00% (24.75%)
Book Value 4.87% 16.66% 10.34%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.96 Actual 3.24

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.40 1.61 Beat by 0.21
Q4 FY25 1.08 1.02 Miss by 0.06
Q1 FY26 1.73 1.89 Beat by 0.16
Q2 FY26 2.96 3.24 Beat by 0.28
Q3 FY26 3.06 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.78 3.23 — — —
’25 2.23 1.56 1.38 1.17 6.35
’24 2.15 1.98 1.76 1.90 7.81
’23 2.38 1.84 2.32 2.52 9.06
’22 4.39 3.96 3.55 2.61 14.57
’21 0.75 1.55 1.78 1.98 6.07
’20 (1.60) 0.24 (0.42) (0.72) (2.51)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 16,054 19,522 — — —
’25 17,101 14,740 15,522 13,392 61,548
’24 14,476 14,136 13,604 14,737 56,953
’23 15,517 12,884 14,866 15,307 58,574
’22 19,291 21,989 21,614 19,262 82,156
’21 10,559 10,211 11,616 15,963 48,349
’20 4,811 4,016 4,380 6,049 19,256
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 4,295 7,434 — — —
’25 6,115 3,485 5,878 4,318 19,796
’24 4,985 4,919 5,763 4,457 20,124
’23 5,403 3,854 5,445 5,263 19,965
’22 5,068 7,914 8,740 6,592 28,314
’21 2,080 4,251 4,797 5,868 16,996
’20 2,105 157 868 1,672 4,802
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,356 4,591 — — —
’25 3,372 905 3,303 2,911 10,491
’24 2,242 1,955 2,886 1,184 8,267
’23 2,694 1,169 3,087 2,399 9,349
’22 4,239 6,565 6,646 4,176 21,626
’21 863 3,163 4,127 5,172 13,325
’20 1,005 45 (265) 619 1,404
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 2.0% a year for ten years. It grew 58.7% a year over the last ten.

Implied
2.0%
10 years, reported
58.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 24,360 32,584 38,727 36,670 19,256 48,349 82,156 58,574 56,953 61,548 64,490 +10.8% 73,554 69,573 67,504 +3.1%
Gross margin, % 51.12 58.85 62.14 65.68 50.48 61.73 57.96 61.80 64.24 63.07 63.33 +12.0 pt
EBT (5,530) (2,615) 9,973 9,524 (3,140) 12,712 28,228 16,288 13,672 12,656 14,618 n/m
EBT margin, % (22.70) (8.03) 25.75 25.97 (16.31) 26.29 34.36 27.81 24.01 20.56 22.67 +43.3 pt
Net income (3,559) (793) 6,305 7,257 (2,655) 8,079 18,680 10,957 9,245 7,988 9,282 n/m
Per share, $
Per share, $ Revenue 19.56 26.69 33.20 32.82 17.86 36.51 64.49 48.70 48.31 49.16 53.15 +10.8%
Earnings (2.91) (0.70) 5.36 6.43 (2.51) 6.09 14.62 9.08 7.82 6.36 7.56 n/m
Cash flow 3.54 5.80 11.09 9.94 4.45 12.84 22.22 16.60 17.07 15.81 18.07 +18.1%
Capex (2.88) 7.59 (4.86) (3.24) (3.15) (2.77) (5.25) (8.83) (10.06) (7.43) (8.05) +11.1%
Free cash flow 0.66 13.39 6.23 6.70 1.30 10.06 16.97 7.77 7.01 8.38 10.02 +32.7%
Book value 28.28 25.23 27.49 31.37 27.69 34.29 37.68 40.97 54.96 51.51 53.85 +6.9%
Shares, m 1,245 1,221 1,166 1,117 1,078 1,324 1,274 1,203 1,179 1,252 1,234 +0.1%
Valuation, ×
Valuation, × P/E 0.00 0.00 11.61 10.11 0.00 11.89 7.77 12.94 12.68 14.77 18.07 8.2
P/S 2.59 2.07 1.88 1.98 2.24 1.98 1.75 2.41 2.05 1.93 2.57 2.1
P/B 1.79 2.19 2.27 2.07 1.44 2.11 3.00 2.87 1.80 1.82 2.54 2.1
EV/Sales 3.56 2.37 2.07 2.11 2.63 2.25 1.84 2.63 2.37 2.20 2.81 2.4
EV/FCF 105.67 4.72 11.02 10.34 36.06 8.17 7.01 16.45 16.34 12.74 14.91 22.9
Cash, $m
Cash, $m Operating cash flow 4,403 7,077 12,934 11,104 4,802 16,996 28,314 19,965 20,124 19,796 21,925 +18.2%
Capex (3,583) 9,269 (5,668) (3,624) (3,398) (3,671) (6,688) (10,616) (11,857) (9,305) (9,764) +11.2%
Free cash flow 820 16,346 7,266 7,480 1,404 13,325 21,626 9,349 8,267 10,491 12,161 +32.7%
Balance, $m
Balance, $m Working capital 1,700 7,115 5,879 9,870 6,700 4,029 5,902 4,325 3,523 3,560 6,743 +8.6%
Net debt 23,615 9,606 7,343 4,668 7,513 13,343 7,400 12,331 18,210 16,463 15,598 (3.9%)
Shareholders’ equity 35,226 30,801 32,064 35,050 29,849 45,406 48,003 49,279 64,796 64,487 65,349 +6.9%
Returns, %
Returns, % ROA (3.86) (1.05) 8.73 10.23 (4.06) 10.54 20.25 11.51 8.43 6.51 7.50 +10.4 pt
ROIC (4.12) (1.73) 17.52 16.83 (3.60) 14.70 32.92 17.69 11.09 10.73 12.17 +14.9 pt
ROE (9.60) (2.59) 19.91 21.42 (8.32) 21.47 40.00 22.45 16.16 12.32 14.13 +21.9 pt
People
People Employees 13,300 11,400 10,800 10,400 9,700 9,900 9,500 9,900 11,800 9,900 — (3.2%)
Revenue/emp, $m 1.83 2.86 3.59 3.53 1.99 4.88 8.65 5.92 4.83 6.22 — +14.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Business profile

Updated

ConocoPhillips is an independent exploration and production company headquartered in Houston, Texas. It finds oil and gas resources, develops wells and production facilities, produces hydrocarbons, transports them, and markets the resulting commodities. Ryan M. Lance is Chairman and Chief Executive Officer.

The company sells crude oil, bitumen, natural gas liquids (NGLs), natural gas and liquefied natural gas (LNG). Crude oil is liquid petroleum; NGLs are liquids separated from natural-gas streams; bitumen is heavy oil from Canadian oil sands; and LNG is natural gas cooled into a liquid for transport by ship. Its commercial organization also buys and sells third-party commodity volumes, alongside its own production, to meet customer demand and use transportation and storage capacity.

Where the money comes from and where it goes Fiscal 2014

Fiscal 2014: revenue by segment, and margins
Lower 48 21,614 38.93%
EMENA 10,616 19.12%
Alaska Segment 8,382 15.10%
Asia Pacific Operating Segment 7,424 13.37%
Canada Operating Segment 5,162 9.30%
Other, not broken out 2,319 4.18%
Gross margin 56.51%
Operating margin 18.83%
Pre-tax margin 16.91%

Revenue by segment since 2008

ConocoPhillips vs peers in Oil & Gas E&P (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
COP ConocoPhillips $162.7B 18.1× 13.4× +32.44% (above 0%: growing) +107.05% (above 0%: growing) +407.29% (above 0%: growing) 65.23% 32.47%
EOG EOG Resources, Inc. $76.0B 9.3× 9.2× +46.21% (above 0%: growing) +97.43% (above 0%: growing) +162.42% (above 0%: growing) 100.00% 41.95% Compare
OXY Occidental Petroleum Corporation $56.3B 8.6× 7.0× +53.39% (above 0%: growing) +937.04% (above 0%: growing) +92.71% (above 0%: growing) 80.41% 50.90% Compare
FANG Diamondback Energy, Inc. $50.2B 22.7× 11.1× +38.40% (above 0%: growing) +80.23% (above 0%: growing) −12.17% (below 0%: shrinking) 87.22% 46.03% Compare
DVN Devon Energy Corporation $47.2B 10.2× 9.6× +73.13% (above 0%: growing) +43.66% (above 0%: growing) −130.16% (below 0%: shrinking) 81.22% 32.14% Compare
WDS Woodside Energy Group Ltd $40.7B 3.3× 12.0× +196.99% (above 0%: growing) +178.60% (above 0%: growing) −173.74% (below 0%: shrinking) 42.87% 0.00% Compare
EQT EQT Corporation $31.7B 12.0× 14.3× −9.61% (below 0%: shrinking) −16.67% (below 0%: shrinking) +12.15% (above 0%: growing) 73.39% 25.95% Compare
EXE Expand Energy Corporation $19.7B 7.4× 7.9× +10.79% (above 0%: growing) −2.61% (below 0%: shrinking) +2.49% (above 0%: growing) 74.25% 19.48% Compare
TPL Texas Pacific Land Corporation $18.8B 32.3× 35.9× +34.62% (above 0%: growing) +38.33% (above 0%: growing) +83.99% (above 0%: growing) 100.00% 76.00% Compare
Median of peers $43.9B 9.7× 10.4× +42.31% +61.95% +7.32% 80.82% 37.05%

All 74 Oil & Gas E&P stocks →

From the latest earnings call

Updated

  • Andy O’Brien said third-quarter production guidance assumed a Qatar ramp and Lower 48 growth, while Kirk Johnson cautioned that the pace of the Qatar ramp was uncertain.
  • O’Brien said ConocoPhillips had completed its disposition program, expanded LNG offtake and would continue its capital-allocation strategy under his leadership.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 84.97%
Held by the ten largest 43.93%
Holder Shares Stake Change
Vanguard 121.02m 10.07% +435.44k
BlackRock 93.89m 7.82% +2.71m
State Street 65.83m 5.48% −2.65m
T. Rowe Price 47.92m 3.99% −1.14m
Capital Group 41.97m 3.49% −4.55m
Charles Schwab 41.48m 3.45% +3.56m
JPMorgan Chase 38.05m 3.17% +4.40m
Fidelity (FMR) 28.70m 2.39% −696.10k
Geode Capital Management 28.69m 2.39% +116.52k
Franklin Templeton 20.22m 1.68% +197.12k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 30 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 23.45m 22.78m 279.04
2024 23.12m 12.30m 285.61
2023 20.77m 35.64m 325.04
2022 19.97m 74.69m 317.26
2021 23.89m 59.90m 185.98
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

ConocoPhillips (COP) Latest News

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16 Oct

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COP metrics, ten years each

stockrow.com/COP · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com