ConocoPhillips (COP): analysis in plain words
Is ConocoPhillips cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
ConocoPhillips (COP) is listed on the NYSE and we classify it in oil and gas. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against ConocoPhillips according to those figures, and the questions people ask most about the stock. No buy or sell tips.
ConocoPhillips (COP) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $136.94 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 18.1x | Price over earnings per share |
| Revenue growth | +35.5% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 14.4% | Profit for every 100 of sales |
| Net debt / EBITDA | 0.6x | Years of operating profit to repay debt |
| Dividend yield | 2.33% | Annual dividend over price |
| Market cap | $164.5 billion | What the stock market values it at |
The ConocoPhillips figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any COP figure that is not available shows as N/A: we do not estimate it.
How ConocoPhillips makes money
ConocoPhillips is a pure exploration and production company that sells crude oil, natural gas and natural gas liquids at market prices. It reports by geography: the contiguous U.S., its largest segment, including the Permian, Eagle Ford and Bakken; Alaska; Canada; Europe, Middle East and North Africa; and Asia Pacific, including LNG projects.
Over the last 12 months, ConocoPhillips brought in revenue of $64.5 billion. For every 100 it sells, ConocoPhillips keeps 47.6 after the direct cost of what it sells (gross margin) and 31.5 after all operating costs (operating margin). With 9,600 full-time employees, that is about $7 million of revenue per employee.
ConocoPhillips against its sector
To know whether a ConocoPhillips figure is high or low you have to put it next to similar companies. This table compares ConocoPhillips with the median of the 14 oil and gas companies Fintols covers, with data as of November 4, 2026.
| Figure | ConocoPhillips | oil and gas median |
|---|---|---|
| P/E | 18.1x | 16.1x (14) |
| Revenue growth | +35.5% | +38.3% (14) |
| Net margin | 14.4% | 10.5% (14) |
| Dividend yield | 2.33% | 2.52% (14) |
| Net debt / EBITDA | 0.6x | 0.6x (13) |
In short, against the typical oil and gas company, ConocoPhillips earns a wider margin. By size, ConocoPhillips ranks number 3 of 11 oil and gas companies quoted in USD on Fintols.
The bull case for ConocoPhillips
What works in favour of ConocoPhillips, according to its figures as of November 4, 2026:
- ConocoPhillips grew sales +35.5% in its latest quarter against the same quarter a year earlier, while the median oil and gas company Fintols tracks grew +38.3%.
- Analysts expect ConocoPhillips earnings to rise: its P/E on the next 12 months of estimated earnings is 12.5x, below the current 18.1x.
- ConocoPhillips generates real cash: $7.7 billion of free cash flow over 12 months, 4.7% of its stock market value.
The main risk for ConocoPhillips
The ConocoPhillips figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: oil and gas prices, which it does not control and which swing its profit year to year, plus the energy transition.
Frequently asked questions about ConocoPhillips
Is it a good time to buy ConocoPhillips stock?
Fintols does not tell you whether to buy or sell ConocoPhillips, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, ConocoPhillips stock trades at $136.94, 11% below its 52-week high ($154.28) and 60% above its low ($85.57). Its P/E is 18.1x against a oil and gas median of 16.1x, and 12.5x on the earnings analysts expect over the next 12 months. With ConocoPhillips, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does ConocoPhillips pay a dividend?
Yes. As of November 4, 2026, ConocoPhillips pays $3.36 per share a year, which at today's price is a yield of 2.33%. It uses 44% of its profit to pay it, which leaves room to keep paying it if profit dips. Its average dividend yield over the last five years is 2.26%. The oil and gas median on Fintols is 2.52%.
Is ConocoPhillips stock expensive?
It depends on what you compare it with. On P/E, ConocoPhillips trades at 18.1x its last 12 months of earnings: in line with the oil and gas median (16.1x). Including its debt, ConocoPhillips is valued at 7.1x its EBITDA (EV/EBITDA). A high P/E alone does not make ConocoPhillips expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are ConocoPhillips's competitors?
On Fintols we compare ConocoPhillips with ExxonMobil, Chevron and Occidental, which are also in oil and gas. As of November 4, 2026, ExxonMobil is worth $690.5 billion and trades on a P/E of 17.4; Chevron is worth $423.3 billion and trades on a P/E of 15.9; Occidental is worth $57.3 billion and trades on a P/E of 16.3. Each has a side-by-side comparison with ConocoPhillips below.
ConocoPhillips competitors
- ExxonMobil (XOM) analysis · ConocoPhillips vs ExxonMobil comparison
- Chevron (CVX) analysis · ConocoPhillips vs Chevron comparison
- Occidental (OXY) analysis · ConocoPhillips vs Occidental comparison
To understand ConocoPhillips better
- Dividend Growth Investing: FCF Payout Ratio and Compounding
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like ConocoPhillips: oil and gas stocks, S&P 500 companies and S&P 100 companies. Open the full COP analysis with its valuation and scenarios. Educational content about ConocoPhillips, not investment advice.