A Business at a Glance
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Items 1 and 2. Business and Properties Corporate Structure ConocoPhillips is an independent E&P company headquartered in Houston, Texas with operations and activities in 14 countries. Our diverse, low cost of supply portfolio includes resource-rich unconventional plays in North America; conventional assets in North America, Europe, Africa and Asia; LNG developments; oil sands in Canada; and an inventory of global exploration prospects. On December 31, 2025, we employed approximately 9,900 people worldwide and had total assets of about $122 billion. Total company production for the year was 2,375 MBOED. ConocoPhillips was incorporated in the state of Delaware in 2001 in connection with and in anticipation of the merger between Conoco Inc. and Phillips Petroleum Company. The merger between Conoco and Phillips was consummated on August 30, 2002.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 58.9B | 58.9B | 54.7B | 56.1B | 78.5B | 45.8B |
| Net Income | 8.0B | 8.0B | 9.2B | 11.0B | 18.7B | 8.1B |
| EPS | $6.35 | $6.35 | $7.81 | $9.06 | $14.57 | $6.07 |
| Free Cash Flow | 19.8B | 19.8B | 20.1B | 20.0B | 18.2B | 11.7B |
| ROIC | 10.3% | 10.3% | 11.6% | 18.3% | 34.4% | 12.6% |
| Gross Margin | 24.6% | 24.6% | 28.7% | 31.8% | 37.9% | 4.3% |
| Debt/Equity | 0.38 | 0.38 | 0.39 | 0.41 | 0.36 | 0.47 |
| Dividends/Share | $3.18 | $3.18 | $2.52 | $2.11 | $1.89 | $1.75 |
| Operating Income | 13.5B | 13.5B | 14.5B | 17.1B | 29.0B | 1.2B |
| Operating Margin | 22.9% | 22.9% | 26.4% | 30.4% | 37.0% | 2.6% |
| ROE | 12.4% | 12.4% | 14.3% | 22.2% | 38.9% | 17.8% |
| Shares Outstanding | 1,258M | 1,258M | 1,184M | 1,209M | 1,282M | 1,331M |
CONOCOPHILLIPS passes 5 of 9 quality checks, suggesting mixed fundamentals.
CONOCOPHILLIPS trades at 19.5x trailing earnings, compared to its 15-year median P/E of 10.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 7.9x vs a median of 7.2x. The company's 5-year average ROIC is 17.4% with a gross margin of 25.4%. Total shareholder yield (dividends + buybacks) is 5.8%. At current prices, the estimated annualized return to fair value is +42.5%.
CONOCOPHILLIPS (COP) has a current P/E ratio of 19.5, compared to its historical median P/E of 10.3. The stock is currently considered Expensive based on its historical valuation range.
CONOCOPHILLIPS (COP) has a 5-year average return on invested capital (ROIC) of 17.4%. This indicates strong capital allocation and a potential competitive advantage.
CONOCOPHILLIPS (COP) has a market capitalization of $155.5B. It is classified as a large-cap stock.
Yes, CONOCOPHILLIPS (COP) pays a dividend with a trailing twelve-month yield of 2.57%. The company also returns capital through share buybacks, with a buyback yield of 3.23%.
Based on historical P/E analysis, CONOCOPHILLIPS (COP) appears expensive. The current P/E of 19.5 is 89% above its historical median of 10.3. The estimated fair value CAGR (P/E method) is 18.0%.
CONOCOPHILLIPS (COP) operates in the Petroleum Refining industry, within the Energy sector.
CONOCOPHILLIPS (COP) reported annual revenue of $58.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
CONOCOPHILLIPS (COP) has a net profit margin of 13.6%. This is a healthy margin.
CONOCOPHILLIPS (COP) generated $19.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CONOCOPHILLIPS (COP) has a debt-to-equity ratio of 0.38. This indicates a conservatively financed balance sheet.
CONOCOPHILLIPS (COP) reported earnings per share (EPS) of $6.35 in its most recent fiscal year.
CONOCOPHILLIPS (COP) has a return on equity (ROE) of 12.4%. This indicates moderate shareholder returns.
CONOCOPHILLIPS (COP) has a 5-year average gross margin of 25.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for CONOCOPHILLIPS (COP), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CONOCOPHILLIPS (COP) has a book value per share of $51.26, based on its most recent annual SEC filing.