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COPConocoPhillips
$108.44$132.2B
Overview & Verdict
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COP logoConocoPhillips(COP)Earnings, Financials & Key Ratios

COP•NYSE
$108.44
17.1× P/E·Price updated Jul 7, 2026
SectorEnergyIndustryOil & Gas E&PSub-IndustryLarge diversified global upstream producers
AboutConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.Show more
  • Revenue$58.71B+7.5%
  • EBITDA$23.18B+3.3%
  • Net Income$7.99B-13.3%
  • EPS (Diluted)6.35-18.7%
  • Gross Margin24.63%-16.1%
  • EBITDA Margin39.47%-3.9%
  • Operating Margin19.58%-16.4%
  • Net Margin13.6%-19.4%
  • ROE12.36%-23.5%

COP Price & Volume

ConocoPhillips (COP) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Revenue Volatility Challenges Capital Intensive Operations

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Stable
Primary Risk:Commodity price volatility exposure

Key Thesis Takeaways

  • ConocoPhillips demonstrates a resilient capital structure with a debt-to-equity ratio of 0.36, yet remains highly susceptible to commodity price cycles that drive significant quarterly earnings fluctuations.
  • While the company maintains a disciplined capital return program, the 20.2% year-over-year decline in EPS during 2026Q1 underscores the inherent risks of its global exploration and production model.
  • Investors should monitor the company's ability to manage its high capital intensity, evidenced by a CapEx/Revenue ratio consistently between 18% and 23%, against volatile global energy benchmarks.

Verdict Logic

while the company offers a 3.0% dividend yield and maintains a healthy balance sheet, the forward P/E of 10.40 reflects significant uncertainty regarding the durability of earnings in a volatile commodity pricing environment.

COP Growth Metrics

ConocoPhillips (COP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years7.19%
5 Years25.63%
3 Years-9.26%
TTM1.81%

Profit CAGR

10 Years-
5 Years-
3 Years-24.58%
TTM-23.11%

EPS CAGR

10 Years-
5 Years-
3 Years-24.18%
TTM-25.29%

Return on Capital

10 Years11.26%
5 Years18.36%
3 Years13.81%
Last Year10.42%

COP Recent Earnings

ConocoPhillips (COP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.89+9.9%
$1.72
Rev
$16.1B+2.8%
$15.6B
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$1.02-4.7%
$1.07
Rev
$14.2B+1.7%
$13.9B
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$1.61+14.2%
$1.41
Rev
$15.0B+2.9%
$14.6B
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$1.42+5.2%
$1.35
Rev
$14.0B-4.8%
$14.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.89vs $1.72+9.9%
$16.1Bvs $15.6B+2.8%
Q1 2026Feb 5, 2026
$1.02vs $1.07-4.7%
$14.2Bvs $13.9B+1.7%
Q4 2025Nov 6, 2025
$1.61vs $1.41+14.2%
$15.0Bvs $14.6B+2.9%
Q3 2025Aug 7, 2025
$1.42vs $1.35+5.2%
$14.0Bvs $14.7B-4.8%
Based on last 12 quarters of dataView full earnings history →

Latest COP News

Recent stock market news and headlines for ConocoPhillips (COP)

GuruFocus·14h ago
Is It Too Late to Buy ConocoPhillips (COP) After 4.7% Rally? GF Value Says Undervalued

On July 07, 2026, ConocoPhillips (COP) shares rose 4.7% today, bringing the current price to $108.44. The stock has experienced a 52-week range of $85.57 to $13

247 Wallst·18h ago
Up 14.81% in a Year, COWZ Proves You Don’t Need Apple

The Pacer US Cash Cows 100 ETF (CBOE: COWZ) is having a solid 2026, up 6.4% year to date and 14.81% over the past year through July 6. Yet a fund built expressly to own America's biggest cash machines holds zero shares of Apple, arguably the most famous cash generator on the planet. That contradiction is... Up 14.81% in a Year, COWZ Proves You Don't Need Apple

24/7 Wall Street·2 days ago
3 Energy Stocks to Buy in July

Energy stocks just gave investors a buying window. After WTI crude spiked to $114.58 per barrel on April 7, on the Strait of Hormuz disruption, prices have cooled to $78.94 per barrel as of June 22, dragging the three integrated majors down with them.

Zacks Investment Research·5 days ago
Can ExxonMobil's Upstream Business Thrive With Oil Below $70?

XOM can continue Permian production with WTI below $70, as prices remain above shut-in levels and output growth plans stay on track.

The Motley Fool·6 days ago
ConocoPhillips or Occidental Petroleum: Which Oil Stock Should You Buy Now?

ConocoPhillips is a global oil giant with operations spanning 14 different countries. Occidental Petroleum recently sold off its chemical business and is pivoting toward high-tech carbon capture technologies.

Peers Comparison

Key metrics vs top competitors for ConocoPhillips (COP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
COP logoCOPConocoPhillipsCurrent
$108.44$132.17B17.087.51%13.6%12.36%2.94%
EOG logoEOGEOG Resources, Inc.
$134.54$71.66B14.77-3.47%23.41%18.28%—
DVN logoDVNDevon Energy Corporation
$42.41$26.36B10.1010.01%17.55%18.6%—
APA logoAPAAPA Corporation
$34.00$12.02B8.52-8.39%17.8%21.77%—
FANG logoFANGDiamondback Energy, Inc.
$180.56$50.79B31.5136.31%2.65%0.93%—
OXY logoOXYOccidental Petroleum Corporation
$51.68$51.4B32.10-20.32%20.31%12.63%—

Compare COP vs Peers

ConocoPhillips (COP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs EOG

Most directly comparable listed peer for COP.

Scale Benchmark

vs XOM

Larger-name benchmark to compare COP against a more recognizable public peer.

Peer Set

Compare Top 5

vs EOG, DVN, APA, FANG

COP SEC Filings & Documents

ConocoPhillips (COP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 5, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 18, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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COP Frequently Asked Questions

ConocoPhillips (COP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is ConocoPhillips's revenue?

ConocoPhillips (COP) reported $58.31B in revenue for fiscal year 2025. This represents a 269% increase from $15.81B in 1996.

How fast is ConocoPhillips growing?

ConocoPhillips (COP) grew revenue by 7.5% over the past year. This is steady growth.

Is COP profitable?

Yes, ConocoPhillips (COP) is profitable, generating $7.32B in net income for fiscal year 2025 (13.6% net margin).

Dividend & Returns
Does COP pay dividends?

Yes, ConocoPhillips (COP) pays a dividend with a yield of 2.94%. This makes it attractive for income-focused investors.

What is COP's return on equity?

ConocoPhillips (COP) has a return on equity (ROE) of 12.4%. This is reasonable for most industries.

What is ConocoPhillips's free cash flow?

ConocoPhillips (COP) generated $18.33B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in COP back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →