— Know what they know.
/
Not Investment Advice

COP

NYSE · USD
ConocoPhillips
Energy · Oil & Gas Exploration & Production
CEO Andrew O'Brien Employees 9,900 R&D / revenue 0.0%
Last price
$146.51+3.37%last session
Market cap
$176.0B
P/E (TTM)
19.4x
From 52w high
−0.0%
From 52w low
+71.2%
1-year return
+70.1%
RSI 14 · vs SMA200
74.7 · +23.6%
IS score
75.0/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

COP   SPY   XLE (sector ETF) · weekly closes
100120140160Jan 26Apr 26Jul 26Oct 26COP 170XLE 160SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
65
Profitability
48
Growth
71
Value
77
Momentum
80
Risk (safety)
87
Quality
76
Balance sheet
69
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ FCF yield 5%+
Warnings
None of the computed warning flags fires for COP (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 9 / 9Altman Z 3.1Beta 0.132 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
3 open-market sales, $3.5M
Form 144 notices (12m): 13, $97.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−101
179 new holders, 252 closed
2,454 filers hold 87.5% · 953 added, 968 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+199
1,185 funds adding shares
986 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
50.0%
20-day avg 49.5%, 50-day avg 50.0%
Latest 0.5 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$59.7B
Revenue growth YoY+9.3%
Gross margin35.2%
Operating income$11.8B
Operating margin19.8%
Net income$7.9B
Net margin13.3%
EPS (diluted)$6.34
Cash flow
Operating cash flow$19.8B
Capital expenditure$3.0B
Free cash flow$16.8B
FCF conversion (FCF / OCF)84.7%
Stock-based compensation$0
FCF less SBC$16.8B
Buybacks$5.0B
Dividends$4.0B
Balance sheet & returns
Cash & short-term investments$7.0B
Total debt$23.4B
Net debt$16.5B
Shareholders' equity$64.5B
Goodwill & intangibles$0
Debt / equity0.36
ROE (TTM)14.3%
ROIC (TTM)7.9%
Operating margin by fiscal year
26.9%FY202132.6%FY202226.8%FY202323.4%FY202419.7%FY2025
Revenue $46.1B (FY2021) to $59.7B (FY2025), a 6.7% CAGR.

Valuation

P/E (TTM)19.4x
EV / EBITDA7.0x
Price / sales2.78x
Price / FCF17.5x
FCF yield5.72%
Buyback yield2.85%
SBC / revenue0.0%
Price / book2.72x
Forward P/E FY202613.1x
Forward P/E FY202714.5x
Forward P/E FY202814.7x
Forward multiples divide today's price by Street EPS estimates. Street mean target $158.85 across 13 analysts last quarter is theirs, not ours.

COP vs industry median

473 companies in Oil & Gas Exploration & Production
Gross margin 27.7% 45.9% Operating margin 21.9% 19.2% Net margin 14.7% 12.3% ROIC 7.9% 5.3%
COP (TTM)Industry median Asset turnover 0.51 vs industry 0.24 · financial leverage 1.90

Earnings delivery

Next report 2026-11-05 · consensus EPS $3.00
83%
beat rate, 10 of 12 quarters
+6.9%
median EPS surprise
6
longest beat streak
+4+15-0+1+9+11+2+5+14-5+10+12
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-06. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
COP ConocoPhillips $176.0B19.4x14.3%14.7%+9.3% +70.1%
EOG EOG Resources, Inc. $82.9B12.2x22.5%31.6%+17.8% +53.5%
OXY Occidental Petroleum Corpora $62.4B9.4x18.7%35.8%−7.5% +52.9%
FANG Diamondback Energy, Inc. $57.1B39.8x4.1%33.8%+22.0% +47.3%
DVN Devon Energy Corporation $55.8B12.0x11.5%25.8%+17.0% +62.4%
WDS Woodside Energy Group Ltd $44.8B14.5x17.0%22.5%−10.8% —
EQT EQT Corporation $34.0B11.9x12.2%15.6%+16.0% —
TPL Texas Pacific Land Corporati $24.2B44.7x36.6%62.6%+20.8% —
12-month window: SPY +15.9%, sector ETF XLE +60.0%. Past returns describe history only.

Recent 8-K filings

2026-08-11Officer/Director Change; Exhibits
2026-08-06Earnings Release; Exhibits
2026-06-23Officer/Director Change
2026-05-14Shareholder Vote
2026-04-30Earnings Release; Exhibits
2026-02-05Results of Operations and Financial Condition; Financial Statements and Exhibits

Context

Shares outstanding1,201,340,000
Free float99.9%
Institutional ownership87.5%
Beta0.13
Dividend yield2.29%
Last dividend$0.84 on 2026-08-17
50 / 200-day average$131.18 / $118.46
Large-cap Energy median P/E17.7x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where COP sits among 48 scored companies in Oil & Gas Exploration & Production (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureCOPIndustry medianIndustry percentileSector median
P/E (TTM) 19.0x 11.0x
82nd		 16.6x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 2.8x 2.0x
70th		 1.8x
Price / book 2.7x 1.5x
87th		 1.9x
Price / tangible book 1.9x 1.3x
80th		 1.9x
Price / free cash flow 9.0x 11.4x
38th		 11.9x
Price / operating cash flow 8.0x 4.5x
91st		 6.9x
Enterprise value $191.6B $6.1B
100th		 $5.3B
EV / sales 3.0x 2.7x
66th		 2.4x
EV / EBITDA 6.9x 6.0x
64th		 9.0x
EV / EBIT 12.1x 10.0x
70th		 14.1x
EV / free cash flow 9.8x 12.3x
30th		 14.6x
Earnings yield 5.3% 6.5%
40th		 4.6%
FCF yield 11.1% 8.4%
70th		 5.8%
Operating cash flow yield 12.5% 21.3%
11th		 13.6%
Graham number (per share) $96.21 $45.98
82nd		 $32.92

Profitability (TTM)

MeasureCOPIndustry medianIndustry percentileSector median
Gross margin 27.7% 48.6%
13th		 31.9%
EBITDA margin 43.8% 48.0%
43rd		 26.7%
Operating margin 22.3% 24.6%
40th		 15.2%
EBIT margin 25.0% 25.8%
47th		 13.3%
Net margin 14.7% 17.5%
43rd		 8.0%
NOPAT margin 14.2% 20.3%
30th		 12.4%
FCF margin 31.0% 20.0%
74th		 7.8%
Operating cash flow margin 34.7% 46.3%
15th		 21.8%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 1.2% 6.7%
2nd		 6.7%
Stock comp / revenue 0.0% 0.9%
0th		 0.7%
Effective tax rate 36.5% 21.0%
98th		 21.0%

Returns on capital

MeasureCOPIndustry medianIndustry percentileSector median
ROE (on average equity) 14.2% 13.7%
54th		 12.2%
ROA 7.5% 7.0%
57th		 4.8%
ROIC 11.1% 10.7%
51st		 9.9%
ROCE 14.1% 9.8%
72nd		 9.8%
Return on tangible assets 12.8% 9.4%
68th		 8.3%
Cash ROIC (OCF / invested capital) 27.1% 25.0%
60th		 18.4%
Gross profitability (GP / assets) 14.1% 15.7%
38th		 14.8%
ROIC, 3-yr average 9.7% 8.5%
61st		 7.0%
ROIC, 5-yr average 17.3% 17.7%
49th		 10.1%
ROE, 5-yr average 21.7% 21.1%
54th		 14.8%
Incremental ROIC -683.8% 18.2%
2nd		 14.8%

Growth

MeasureCOPIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 9.7% 14.4%
30th		 10.2%
Revenue growth (QoQ) 21.6% 25.4%
45th		 13.0%
Revenue CAGR, 3 yr -1.6% 2.1%
36th		 2.0%
Revenue CAGR, 5 yr 16.4% 19.9%
41st		 13.7%
Gross profit CAGR, 3 yr -7.8% -1.3%
38th		 1.7%
Operating income CAGR, 3 yr -9.5% -14.4%
56th		 -2.0%
Net income growth (TTM YoY) 1.4% 23.5%
16th		 23.5%
Net income CAGR, 3 yr -10.4% -12.5%
55th		 -7.8%
EPS growth (TTM YoY) 5.1% 23.6%
29th		 19.9%
EPS CAGR, 3 yr -10.5% -20.5%
69th		 -9.8%
EPS CAGR, 5 yr 41.1% 22.1%
69th		 20.5%
FCF growth (TTM YoY) 183.0% 27.0%
83rd		 19.9%
FCF CAGR, 3 yr 12.6% 3.0%
63rd		 -3.4%
Operating cash flow CAGR, 3 yr -3.8% 4.9%
29th		 3.2%
Book value CAGR, 3 yr 11.1% 7.9%
66th		 5.6%
Dividend CAGR, 3 yr 2.3% -4.9%
78th		 -0.1%
Sustainable growth rate 8.0% 11.9%
32nd		 9.4%

Margin history & stability

MeasureCOPIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 28.9% 46.5%
14th		 31.0%
Operating margin, 3-yr average 23.5% 26.4%
41st		 15.4%
Net margin, 3-yr average 16.5% 16.5%
50th		 8.7%
FCF margin, 3-yr average 19.8% 15.4%
64th		 7.2%
Revenue stability (0-1) 0.56 0.70
41st		 0.64
Earnings stability (0-1) 0.03 0.14
16th		 0.22
Margin stability (0-1) 0.75 0.80
43rd		 0.73

Liquidity (latest quarter)

MeasureCOPIndustry medianIndustry percentileSector median
Cash & short-term investments $7.7B $119.5M
100th		 $248.6M
Net cash (− = net debt) −$15.6B −$1.1B
0th		 −$1.1B
Working capital $6.7B −$48.6M
100th		 $205.0M
Current ratio 1.54 0.95
83rd		 1.41
Quick ratio 1.39 0.90
81st		 1.13
Cash ratio (cash + ST investments / current liabilities) 0.62 0.27
72nd		 0.36
Defensive interval (days) 1,555 days 340 days
89th		 768 days

Leverage & solvency (latest quarter)

MeasureCOPIndustry medianIndustry percentileSector median
Total debt $23.3B $1.3B
100th		 $1.3B
Debt / equity 0.36 0.48
37th		 0.61
Net debt / equity 0.24 0.38
26th		 0.45
Debt / assets 18.7% 23.7%
36th		 28.7%
Debt / capital 26.3% 32.6%
37th		 37.9%
Debt / EBITDA 0.84 1.74
30th		 1.98
Net debt / EBITDA 0.56 1.32
20th		 1.43
Interest coverage (EBIT / interest) 14.5x 4.9x
82nd		 4.1x
Cash interest coverage 20.1x 11.9x
76th		 6.7x
Debt payback (years of OCF) 1.1 yrs 1.4 yrs
30th		 2.3 yrs
Liabilities / assets 47.4% 47.1%
53rd		 54.6%
IS credit model rating AA — —
Implied credit spread (bps) 80 312
13th		 275

Efficiency

MeasureCOPIndustry medianIndustry percentileSector median
Asset turnover 0.51 0.39
85th		 0.49
Fixed asset turnover 0.69 0.47
78th		 0.94
Inventory turnover 24.2 26.0
48th		 11.7
Receivables turnover 10.0 9.4
57th		 7.8
Days sales outstanding 37 days 39 days
43rd		 46 days
Days inventory outstanding 15 days 14 days
52nd		 31 days
Days payables outstanding 53 days 49 days
53rd		 41 days
Cash conversion cycle (days) −1 days −2 days
53rd		 18 days
Capex / revenue 3.7% 24.8%
13th		 11.9%
Capex / depreciation 0.20 0.99
13th		 1.04
Operating expense ratio 5.5% 25.0%
13th		 16.5%

Cash flow & earnings quality

MeasureCOPIndustry medianIndustry percentileSector median
Operating cash flow / net income 2.36 2.19
56th		 2.02
FCF / net income 2.11 0.98
82nd		 0.96
FCF / operating cash flow 89.4% 45.0%
89th		 48.4%
Capex / operating cash flow 10.6% 54.4%
11th		 51.6%
Accruals ratio -10.2% -12.1%
72nd		 -7.7%
Sloan accruals ratio -6.6% -9.7%
74th		 -4.7%
Earnings quality score (0-1) 0.75 0.75
0th		 0.75

Dividends & buybacks

MeasureCOPIndustry medianIndustry percentileSector median
Dividend yield 2.3% 2.3%
51st		 1.7%
Dividend per share (TTM) $3.36 $0.78
94th		 $0.66
Payout ratio (dividends / net income) 43.8% 27.5%
76th		 29.4%
Dividends / FCF 20.8% 21.1%
47th		 28.1%
Dividend growth (YoY) 11.4% -1.5%
83rd		 0.5%
Buyback yield 3.0% 0.3%
79th		 0.2%
Shareholder yield (dividends + buybacks) 5.3% 3.5%
62nd		 3.2%
Share count change (YoY) -3.6% 0.2%
13th		 0.2%
Buybacks, last 5 years $26.6B $74.3M
100th		 $38.8M

Scores & forensic checks

MeasureCOPIndustry medianIndustry percentileSector median
IS score 75 57
72nd		 51
IS profitability 65 66
47th		 50
IS growth 48 61
35th		 61
IS value 71 71
51st		 57
IS momentum 77 86
39th		 77
IS risk (safety) 80 30
83rd		 50
IS quality 87 81
79th		 68
IS balance sheet 76 56
83rd		 55
IS earnings quality 69 61
66th		 65
IS cash flow 92 61
89th		 50
Piotroski F-score (0-9) 9 7
96th		 6
Altman Z-score 3.1 1.6
85th		 2.0
Beneish M-score −2.82 −2.72
44th		 −2.62
Ohlson O-score −9.75 −8.38
21st		 −7.87
IS credit score 89 54
87th		 58

Per share

MeasureCOPIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $7.64 $2.27
87th		 $1.88
Book value per share $53.82 $18.64
87th		 $14.22
Tangible book per share $53.85 $19.14
87th		 $12.86
Revenue per share $52.10 $14.22
89th		 $19.06
FCF per share $16.14 $2.65
94th		 $2.05
Operating cash flow per share $18.06 $6.43
85th		 $4.95
Cash per share $6.33 $1.32
94th		 $1.70

Size (TTM)

MeasureCOPIndustry medianIndustry percentileSector median
Market cap $176.0B $4.3B
100th		 $4.1B
Revenue $63.3B $1.9B
100th		 $2.0B
EBITDA $27.7B $719.1M
100th		 $606.3M
Net income $9.3B $288.8M
100th		 $134.0M
Free cash flow $19.6B $254.3M
100th		 $199.4M
Total assets $124.3B $5.6B
100th		 $4.4B
Shareholders' equity $65.3B $2.1B
100th		 $1.8B
Employees 9,600 429
98th		 1,717

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-15Niblock Robert A
Director
 Award / grant 270——96,396
2026-09-01Patterson Greig
Vice President & Controller
 — 2,244——0
2026-09-01Dao Khoa M
Senior Vice President
 — 3,877——0
2026-09-01Johnson Kirk L.
Executive Vice President
 Award / grant 37,930——37,930
2026-09-01Kinney Shannon Browning
SVP & General Counsel
 Award / grant 24,080——24,080
2026-09-01Olds Nicholas G
Executive Vice President
 Award / grant 22,758——22,758
2026-08-21Lundquist Andrew D
Senior Vice President
 Open-market sale 9,487$135.15$1.3M9,593
2026-08-20Rose Kelly Brunetti
SVP & General Counsel
 Open-market sale 15,000$134.51$2.0M10,284
2026-06-15Niblock Robert A
Director
 Award / grant 322——95,532
2026-06-10Mulligan Sharmila
Director
 Open-market sale 1,974$119.00$234,9060

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprJunAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired585,360—
Open-market saleDisposed326,461$3.5M
—Disposed46,120—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 13 notices · 763,191 shares · $97.0M
FiledFilerShares proposedEst. proceeds
2026-08-21Lundquist Andrew D9,487$1.3M
2026-08-20Kelly Rose15,000$2.0M
2026-05-21Mulligan Sharmila1,974$242,052
2026-03-31Ryan M. Lance113,221$14.9M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 25 trades (4 purchases) · Senate 2 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-08-26Michael McCaulHouseSale$1,001 - $15,0002026-10-16
2026-08-24Michael McCaulHouseSale$1,001 - $15,0002026-10-16
2026-08-14Michael McCaulHouseSale$1,001 - $15,0002026-10-16
2026-08-05Michael McCaulHouseSale$1,001 - $15,0002026-10-16
2025-12-29Markwayne MullinSenatePurchase$15,001 - $50,0002026-01-16
2025-12-29Markwayne MullinSenatePurchase$15,001 - $50,0002026-01-15
2025-05-13Markwayne MullinSenatePurchase$15,001 - $50,0002025-06-11
2025-05-13Markwayne MullinSenatePurchase$15,001 - $50,0002025-06-11
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.93,886,457$9.8B7.82%
VANGUARD CAPITAL MANAGEMENT LLC79,600,198$8.3B6.63%
STATE STREET CORP65,828,184$6.8B5.48%
PRICE T ROWE ASSOCIATES INC /MD/44,817,455$4.7B3.73%
Sixth Street Partners Management Company, L.P.41,430,242$4.3B3.45%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC41,430,242$4.3B3.45%
JPMORGAN CHASE & CO33,783,743$3.5B2.81%
Capital International Investors28,905,122$3.0B2.41%
FMR LLC28,697,376$3.0B2.39%
GEODE CAPITAL MANAGEMENT, LLC28,693,740$3.0B2.39%
VANGUARD PORTFOLIO MANAGEMENT LLC28,503,663$3.0B2.37%
FRANKLIN RESOURCES INC17,978,925$1.9B1.50%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/17,973,897$1.9B1.50%
WELLINGTON MANAGEMENT GROUP LLP15,072,154$1.6B1.25%
AMERIPRISE FINANCIAL INC13,738,436$1.4B1.14%

Institutional ownership by quarter

2023-092026-0687.5%
% of shares held by 13F filers
2023-092026-062,454
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-302,45487.5%179953968252
2026-03-312,55585.8%381961880119
2025-12-312,33484.0%250783977130
2025-09-302,26084.3%164843899131
2025-06-302,26684.9%127907905204
2025-03-312,37586.3%163947926170
2024-12-312,42886.0%3571,177675123
2024-09-302,23678.8%123898868171
2024-06-302,31578.7%171984774133
2024-03-312,30678.8%206877854109
2023-12-312,23879.5%250802858125
2023-09-302,15079.4%19685075490

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%91,896,696
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
2025-07-16SCHEDULE 13G/ABlackRock, Inc.6.7%85,107,015
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
SCHD4.27%$4.8B
VITSX0.21%$4.8B
VSMPX0.21%$4.8B
VTI0.21%$4.8B
VTSAX0.21%$4.8B
VFIAX0.23%$3.9B

Share structure

Shares outstanding1,201,340,000
Float1,200,266,002
Free float99.9%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$46.1B$78.6B$56.1B$54.6B$59.7B
Cost of revenue$31.3B$49.0B$37.9B$38.6B$38.7B
Gross profit$14.7B$29.6B$18.2B$16.0B$21.0B
R&D$62.0M$71.0M$0$81.0M$0
SG&A$811.0M$1.1B$705.0M$963.0M$7.4B
Operating income$12.4B$25.6B$15.0B$12.8B$11.8B
EBITDA$21.1B$37.1B$25.8B$24.4B$25.0B
Pretax income$12.7B$28.2B$16.3B$13.7B$12.7B
Income tax$4.6B$9.5B$5.3B$4.4B$4.8B
Net income$8.1B$18.6B$10.9B$9.2B$7.9B
EPS, diluted$6.08$14.57$9.06$7.81$6.34
Diluted shares1.3B1.3B1.2B1.2B1.2B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$6.6B$9.2B$6.6B$6.1B$7.0B
Receivables$6.7B$7.1B$5.5B$6.7B$5.8B
Inventory$1.2B$1.2B$1.4B$1.8B$1.9B
Total current assets$16.1B$18.7B$14.3B$15.6B$15.5B
PP&E, net$64.9B$65.4B$70.7B$95.4B$93.2B
Goodwill & intangibles$0$0$0$0$0
Total assets$90.7B$93.8B$95.9B$122.8B$121.9B
Accounts payable$5.0B$6.2B$5.1B$6.0B$6.2B
Total current liabilities$12.0B$12.8B$10.0B$12.1B$12.0B
Long-term debt$17.8B$15.2B$17.0B$22.6B$22.4B
Total liabilities$45.3B$45.8B$46.6B$58.0B$57.5B
Shareholders' equity$45.4B$48.0B$49.3B$64.8B$64.5B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$8.1B$18.7B$10.9B$9.2B$8.0B
Depreciation & amortization$7.2B$7.5B$8.3B$9.6B$11.5B
Stock-based compensation$304.0M$377.0M$0$0$0
Change in working capital$1.3B−$234.0M−$1.4B−$181.0M−$76.0M
Operating cash flow$17.0B$28.3B$20.0B$20.1B$19.8B
Capital expenditure−$5.3B−$10.2B−$11.2B−$12.1B−$3.0B
Free cash flow$11.7B$18.2B$8.7B$8.0B$16.8B
Investing cash flow−$8.5B−$8.7B−$12.0B−$11.2B−$8.8B
Net debt issued / repaid−$505.0M−$3.4B$2.4B$610.0M−$913.0M
Buybacks−$3.6B−$9.3B−$5.4B−$5.5B−$5.0B
Dividends paid−$2.4B−$5.7B−$5.6B−$3.6B−$4.0B

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin32.0%37.7%31.8%29.4%24.8%
Operating margin26.9%32.6%26.8%23.4%19.7%
Net margin17.5%23.8%19.5%16.9%13.6%
FCF margin25.3%23.1%15.6%14.7%28.5%
ROE21.5%40.0%22.5%16.2%12.3%
ROIC13.4%30.3%16.2%10.3%9.0%
ROA10.5%20.3%11.5%8.4%6.5%
Debt / equity0.440.360.400.390.36
Interest coverage12.3x27.8x16.3x13.3x12.2x
Current ratio1.341.461.431.291.30
Revenue growth+145.4%+70.6%−28.7%−2.6%+7.6%
EPS growth+343.1%+149.5%−39.8%−15.0%−17.2%
P/E at year end10.2x7.0x11.9x12.3x14.5x
EV / EBITDA at year end4.5x3.7x5.5x5.4x5.2x
FCF yield at year end14.18%13.86%6.71%7.07%14.52%
Dividend payout29.2%30.7%51.1%39.6%50.1%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Crude oil product line$23.6B$40.5B$37.8B$39.0B$39.1B
Natural Gas Product Line$16.9B$26.9B$10.7B$6.4B$8.9B
Other Products$3.6B$6.4B$5.0B$6.4B$7.3B
Natural Gas Liquids$1.7B$3.6B$2.6B$2.9B$3.7B

Revenue by region · FY2025

Lower 48$41.4B · 68%
Europe$6.5B · 11%
Alaska Segment$5.6B · 9%
CANADA$5.6B · 9%
Asia Pacific and Middle East$1.8B · 3%

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $3.00 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$73.3B$67.0B – $78.0B$11.16$9.43 – $12.371513.1x
2027$68.3B$61.6B – $75.4B$10.09$8.16 – $12.061614.5x
2028$66.9B$49.6B – $75.2B$9.96$7.97 – $11.991114.7x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-06$2.90$3.24+11.7%$18.8B$19.5B+3.9%
2026-04-30$1.72$1.89+9.9%$15.6B$16.1B+2.8%
2026-02-05$1.07$1.02−4.7%$13.9B$14.2B+1.7%
2025-11-06$1.41$1.61+14.2%$14.6B$15.0B+2.9%
2025-08-07$1.35$1.42+5.2%$14.7B$14.0B−4.8%
2025-05-08$2.05$2.09+2.0%$16.3B$16.5B+0.8%
2025-02-06$1.78$1.98+11.2%$14.4B$14.2B−1.5%
2024-10-31$1.64$1.78+8.5%$14.0B$13.6B−2.6%
2024-08-01$1.96$1.98+1.0%$15.0B$13.6B−9.1%
2024-05-02$2.04$2.03−0.5%$15.0B$13.8B−7.4%
2024-02-08$2.09$2.40+14.8%$15.1B$14.6B−3.3%
2023-11-02$2.08$2.16+3.8%$14.9B$14.2B−4.4%
2023-08-03$1.95$1.84−5.6%$13.7B$12.4B−9.7%
2023-05-04$2.05$2.38+16.1%$15.7B$14.8B−5.9%
2023-02-02$2.81$2.71−3.6%$18.2B$18.6B+2.0%
2022-11-03$3.46$3.60+4.0%$18.0B$21.0B+16.5%
2022-08-04$3.80$3.91+2.9%$19.6B$21.2B+8.2%
2022-05-05$3.03$3.27+7.9%$17.3B$17.8B+2.5%
2022-02-03$2.18$2.27+4.1%$13.5B$15.1B+12.4%
2021-11-02$1.51$1.77+17.2%$10.7B$11.3B+6.0%
2021-08-03$1.10$1.27+15.5%$10.1B$9.6B−5.0%
2021-05-04$0.51$0.69+35.3%$7.4B$9.8B+32.1%
2021-02-02$-0.20$-0.19+5.0%$7.3B$5.5B−24.3%
2020-10-29$-0.30$-0.31−3.3%$4.5B$4.4B−3.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.806-150.806-220.506-290.707-060.707-130.807-200.707-271.008-030.808-100.908-170.908-240.908-31
Week ofNotionalSharesTrades
2026-08-31$858.7M6,365,241127,532
2026-08-24$916.0M6,969,749126,908
2026-08-17$910.4M6,896,240133,405
2026-08-10$831.5M6,655,381141,782
2026-08-03$1.0B8,581,760148,620
2026-07-27$737.4M6,276,939116,762

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1550.0%
DateShort shareShort volumeTotal volume
2026-10-1550.0%949,4471,900,029
2026-10-1459.1%1,126,4911,907,384
2026-10-1366.0%1,223,0651,854,331
2026-10-1266.1%1,008,7681,526,269
2026-10-0958.5%795,7841,360,104
2026-10-0857.9%1,176,5912,030,559
2026-10-0756.3%759,0561,348,887
2026-10-0649.0%859,3921,753,699
2026-10-0531.6%534,5771,694,317
2026-10-0235.5%619,3481,744,330
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-2.0Jan+0.3Feb+1.5Mar+3.5Apr+0.6May-0.3Jun-0.4Jul+0.5Aug+1.4Sep+1.0Oct+2.2Nov+1.4Dec
MonthAvg returnUp yearsYears
Jan−2.0%35%20
Feb+0.3%50%20
Mar+1.5%71%21
Apr+3.5%50%20
May+0.6%45%20
Jun−0.3%55%20
Jul−0.4%45%20
Aug+0.5%70%20
Sep+1.4%55%20
Oct+1.0%70%20
Nov+2.2%50%20
Dec+1.4%70%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1474.7
MFI80.6
ADX24.9
Stochastic %K / %D97.2 / 97.8
Williams %R-0.3
CCI171
TSI / signal24.9 / 9.6
Chaikin money flow0.12
ATR$3.24
Bollinger width19.7%
Volume vs 20-day avg0.97x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$131.64 (+11.3%)
SMA 50$131.67 (+11.3%)
SMA 200$118.52 (+23.6%)
EMA 21$134.63 (+8.8%)
EMA 50$130.53 (+12.2%)
EMA 200$118.69 (+23.4%)
Bollinger upper$144.61 (+1.3%)
Bollinger lower$118.68 (+23.4%)
Parabolic SAR$132.42 (+10.6%)
Open the live chart, 110+ indicators

About ConocoPhillips

ConocoPhillips is an energy company that engages in the global exploration, production, transportation, and marketing of various resources, including crude petroleum, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs). Its primary operations are centered on both conventional and tight oil formations, shale gas, heavy crude, LNG developments, and oil sands projects. The company's extensive portfolio includes unconventional resources located in North America; established conventional assets spanning North America, Europe, Asia, and Australia; numerous LNG ventures; oil sands properties within Canada; and a significant inventory of potential conventional and unconventional exploration opportunities. ConocoPhillips was established in 1917 and its corporate headquarters are situated in Houston, Texas.

https://www.conocophillips.com

Key executives

NameTitlePayBorn
Ryan LanceExecutive Chair of the Board$6.9M1962
Nicholas G. OldsExecutive Vice President of Lower 48 & Global HSE$2.8M1970
Kelly Brunetti RoseSenior Vice President of Legal, General Counsel & Corporate Secretary$2.5M1967
Shannon KinneySenior Vice President of Legal, General Counsel & Corporate Secretary$2.5M1975
Andrew O'BrienPresident, CEO & Director$2.2M1975
Kirk L. JohnsonExecutive Vice President of Global Operations & Technical Functions$2.2M1976
Heather HrapSenior Vice President of Human Resources & Real Estate and Facilities Services—1973
Kontessa S. Haynes-WelshSenior VP of Digital and Transformation & CFO—1975

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
R.M. Lance Chairman and Chief Executive Officer2025$1.8M$16.5M$4.6M$23.5M
N.G. Olds Executive Vice President, Lower and Global HSE2025$996,312$4.2M$1.5M$8.0M
W.L. Bullock, Jr. (retired) Executive Vice President and Chief Financial Officer2025$762,980$4.9M$1.3M$7.8M
K.B. Rose Senior Vice President, Legal, General Counsel and Corporate Secretary2025$951,984$3.8M$1.4M$6.5M
A.M. O’Brien Chief Financial Officer and Executive Vice President, Strategy and Commercial2025$857,042$3.9M$1.2M$6.3M
K.L. Johnson Executive Vice President, Global Operations and Technical Functions2025$857,042$3.9M$1.2M$6.3M

Employees

11k201810k201910k202010k202110k202210k202312k202410k2025

Dividends

Ex-dateAmountPaid
2026-08-17$0.842026-09-01
2026-05-11$0.842026-06-01
2026-02-18$0.842026-03-02
2025-11-17$0.842025-12-01
2025-08-18$0.782025-09-02
2025-05-19$0.782025-06-02
2025-02-14$0.782025-03-03
2024-11-08$0.782024-12-02

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage58
Intangibles19
Switching costs30
Network effect40
Efficient scale78
Our component scores (0-100) and overall 41.6; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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