ConocoPhillips (COP) stock
Energy · Oil & Gas Exploration & Production
ConocoPhillips (COP) is an Oil & Gas Exploration & Production company in the Energy sector, headquartered in Houston, Texas. As of October 23, 2026, COP closed at $150.80, a market capitalization of $181.16 billion, the 66th largest company in the S&P 500. Over the last twelve months it generated $64.46 billion in revenue (+36% year over year) and $10.06 billion in free cash flow. The stock trades at 20.0x trailing earnings and 14.0x forward earnings.
- 1-year total return: +72.7% (dividends reinvested)
- 5-year return: +18.9% a year
- 52-week range: $85.57 – $152.77
- Gross margin 47.6%, operating margin 31.5%
- Dividend yield: 2.23%, 9 straight years of increases
- FI Handbook report card: B across 10 metrics
- 3rd largest of 21 Energy stocks in the S&P 500
COP price chart
1Y price change: +67.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| COP | +17.7% | +64.6% | +72.7% | +10.7% | +18.9% | +17.3% | +11.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1981.
COP key statistics
- Market cap
- $181.2B
- #66 in S&P 500
- P/E (TTM)
- 20.0x
- Forward P/E
- 14.0x
- EPS (TTM)
- $7.55
- Revenue (TTM)
- $64.5B
- +36%
- Free cash flow
- $10.1B
- Gross margin
- 47.6%
- Operating margin
- 31.5%
- Return on equity
- 14.2%
- Dividend yield
- 2.23%
- 52-week range
- $85.57 – $152.77
- Beta
- 0.24
- Price / sales
- 2.8x
- EV / EBITDA
- 7.3x
- Debt / equity
- 0.36x
- Employees
- 9,600
COP report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth35.5%A
- Gross margin47.6%B
- Operating margin31.5%A
- FCF margin15.6%B
- Return on equity14.2%C
- Net debt / EBITDA0.6xB
- Forward P/E14.0xA
- PEG ratio1.1xB
- Shareholder yield5.0%B
- Share count change / yr3.1%F
ConocoPhillips financials
Revenue went from $23.7B in fiscal 2016 to $51.8B in fiscal 2025, growing 9.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.7B | $29.1B | $36.4B | $32.6B | $13.7B | $34.6B | $61.0B | $48.5B | $49.4B | $51.8B |
| Gross profit | $13.7B | $16.6B | $22.1B | $20.7B | $5.6B | $16.4B | $27.1B | $26.5B | $29.4B | $29.5B |
| Net income | -$3.6B | -$855.0M | $6.3B | $7.2B | -$2.7B | $8.1B | $18.7B | $11.0B | $9.2B | $8.0B |
| EPS (diluted) | $-2.91 | $-0.70 | — | $6.40 | $-2.51 | $6.07 | $14.57 | $9.06 | $7.81 | $6.35 |
| Free cash flow | -$466.0M | $2.5B | $6.2B | $4.5B | $87.0M | $11.7B | $18.2B | — | — | — |
| Buybacks | $126.0M | $3.0B | $3.0B | $3.5B | $892.0M | $3.6B | $9.3B | $5.4B | $5.5B | $5.0B |
| Dividends paid | $1.3B | $1.3B | $1.4B | $1.5B | $1.8B | $2.4B | $5.7B | $5.6B | $3.6B | $4.0B |
| Diluted shares | 1.2M | 1.2M | 1.2M | 1.1M | 1.1B | 1.3B | 1.3B | 1.2B | 1.2B | 1.3B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into COP?
A reverse DCF asks what growth the current price requires. With an enterprise value of $196.8B and $10.1B of trailing free cash flow, ConocoPhillips needs to grow free cash flow about 10.0% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 48.8% a year over the last five years.
P/E ratio history
Current 23.7x vs. median 10.3x (10th–90th percentile 6.3x–19.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
COP dividend
- Dividend yield
- 2.23%
- Annual dividend
- $3.36
- Years of increases
- 9
- 5-yr dividend growth
- 13.5%
- per year
- Payout ratio
- 44%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
COP analyst price targets
26 analysts' average 12-month target is $151.27 (+0% vs. $150.80). Targets range from $126.00 to $189.00.
COP earnings
Next report: November 5, 2026. ConocoPhillips has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $19.2B (+37% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 6, 2026 | $2.93 | $3.24 | +10.6% |
| Apr 30, 2026 | $1.72 | $1.89 | +9.6% |
| Feb 5, 2026 | $1.10 | $1.02 | -7.0% |
| Nov 6, 2025 | $1.41 | $1.61 | +14.1% |
| Aug 7, 2025 | $1.35 | $1.42 | +5.1% |
| May 8, 2025 | $2.05 | $2.09 | +2.0% |
| Feb 6, 2025 | $1.83 | $1.98 | +7.9% |
| Oct 31, 2024 | $1.64 | $1.78 | +8.5% |
Stocks like COP
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 EOG EOG Resources | +3.21% | +56% | $85.5B | 12.7x | Compare |
 OXY Occidental Petroleum Corporatio | +2.67% | +53% | $64.1B | 18.2x | Compare |
 FANG Diamondback Energy | +4.37% | +43% | $57.6B | 40.0x | Compare |
 DVN Devon Energy | +4.49% | +58% | $56.5B | 11.2x | Compare |
 EQT EQT | +1.76% | +5% | $34.8B | 12.9x | Compare |
 TPL Texas Pacific Land | +1.38% | +9% | $23.3B | 43.1x | Compare |
 EXE Expand Energy | +0.29% | -9% | $21.6B | 8.0x | Compare |
 APA APA | +4.98% | +117% | $18.2B | 11.0x | Compare |
COP news
- ConocoPhillips (COP) Draws Value Interest As Fair Value Suggests Little Room Left · Oct 23, 2026
- ConocoPhillips (COP) Is a Trending Stock: Facts to Know Before Betting on It · Oct 22, 2026
- ConocoPhillips’ 2.3% Yield Is Just the Start of the Story · Oct 20, 2026
- Will ConocoPhillips (COP) Gain on Rising Earnings Estimates? · Oct 16, 2026
- Coca-Cola, Visa and Mastercard Hit Records as Investors Rotate Out of Chip Stocks · Oct 16, 2026
COP stock FAQ
What is COP's market cap?
ConocoPhillips's market capitalization is $181.16 billion as of October 23, 2026, ranking 66th in the S&P 500.
What is COP's P/E ratio?
COP trades at a trailing price-to-earnings ratio of 20.0x and a forward P/E of 14.0x. Its median P/E over the period we track is 10.3x.
Does COP pay a dividend?
Yes. ConocoPhillips pays $3.36 per share a year, a 2.23% yield. It has raised its dividend 9 years in a row. Dividends grew 13.5% a year over the last five years.
How much has COP stock returned?
Including reinvested dividends, COP returned +72.7% over one year, +18.9% a year over five years, +17.3% a year over ten years through October 23, 2026.
Is COP stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies ConocoPhillips must grow free cash flow about 10% a year for the next decade. Its free cash flow grew 49% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the COP price target?
26 analysts cover COP with an average 12-month price target of $151.27, +0% from the current price.
When does COP report earnings?
ConocoPhillips is expected to report earnings on November 5, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does ConocoPhillips have?
ConocoPhillips has about 9,600 full-time employees, or $6.7 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology