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ConocoPhillips (COP) stock

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NYSE: COP NYSE Oil & Gas Exploration & Production Next results ~November 5, 2026

C Fundamentals grade

ConocoPhillips is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: valuation models disagree too widely to rate.

Price vs value

Under review: valuation models disagree too widely to rate. We'll show the comparison once resolved.

ConocoPhillips valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter ConocoPhillips files

Where ConocoPhillips stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $63.3bn, up 9.6% on a year earlier, faster than 1.3% a quarter earlier. Free-cash-flow margin held at 34.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 1 of our 2 financial-health checks. At that price, our model says the market is pricing in cash flow shrinking about 9.1% a year for five years, slower than the 6.7% a year revenue growth it has delivered.

Our model value for ConocoPhillips is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

ConocoPhillips's trailing-twelve-month revenue grew 9.6% year on year, with a free-cash-flow margin of 16.0%. Where it lags: gross margin of 62.0% ranks 10 of 12 oil & gas exploration & production companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$110–$200 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 9.6% (+8.2pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 8.2 points higher than a quarter earlier.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 20.3% over 90 days.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Below peers: gross margin. Gross margin of 62.0% ranks 10 of 12 oil & gas exploration & production companies we cover (median 83.5%).
  • Earnings expected to fall. The consensus expects earnings per share to fall 6% next year.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$3.24 against an average estimate of $2.93: beat by 10.6%
Revenue
$19.16bn, up 36.8% on a year earlier
Share reaction
+2.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $3.05

ConocoPhillips' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.7%
  • 1 week-3.0%
  • 1 month+15.9%
  • This year+60.3%
  • 1 year+70.5%
  • 5 years+139.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$63.3B
Net margin
14.7%
EPS (TTM, diluted)
$7.55

Growth

Revenue growth
+9.6%
Change in growth rate
+8.2 pts
Share count change
+0.3%

Cash

Free cash flow (TTM)
$10.1B
FCF margin
16.0%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Insider trade
  3. Leadership
  4. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

ConocoPhillips valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

Our value per share comes from a discounted-cash-flow model of ConocoPhillips's free cash flow after stock-based pay ( $11.1B, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value ConocoPhillips as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.56 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. — Does not apply: This model is withheld pending its input or assumption review.
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$150 ~$110–$200 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$79 ~$62–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$230 ~$170–$340 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$230 ~$190–$300 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare ConocoPhillips with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$33.61$37.02$41.44$47.92$51.09$32.68$60.98$104.70$106.78$93.79$91.59$146.84
Market value$41.7bn$46.1bn$50.6bn$56.3bn$57.4bn$35.2bn$81.0bn$133.8bn$128.7bn$110.7bn$114.8bn$180.6bn
+ Net debt (− = net cash)$22.5bn$23.7bn$16.1bn$10.2bn$13.0bn$16.1bn$14.9bn$10.2bn$13.3bn$18.7bn$16.9bn$16.7bn
Enterprise value$64.3bn$69.8bn$66.7bn$66.6bn$70.4bn$51.3bn$95.9bn$144.0bn$142.0bn$129.5bn$131.8bn$197.3bn
Multiples
Price / sales 1.3x1.9x1.6x1.5x1.6x1.9x1.8x1.7x2.3x2.0x1.9x2.9x
Price / earnings ———9.0x8.0x—10.0x7.2x11.7x12.0x14.4x19.5x
Price / free cash flow ——20.4x9.1x12.8xn/m6.9x7.4x6.4x5.5x5.8x8.2x
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

62 /100

Moderate moat

How hard ConocoPhillips's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 7.5% of total assets over 10 years.

  • Pricing power 19 / 20

    Gross margin has been a median 62.0%, moving by 2.6 percentage points (standard deviation) across 9 years.

  • Durability 4 / 20

    Net margin has been a median 15.3%; its worst year was -12.9%.

  • Cash conversion 18 / 20

    Free cash flow was positive in 10 of 10 years, at a median 15.9% of revenue.

  • Discipline 9 / 20

    The diluted share count rose 6.7% over five years.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $18.9bn and EPS of $3.05 (range $2.41 to $3.21) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $11.41 +85% $73.6bn +20%
Next $10.78 −6% $69.5bn −6%

Next year's EPS estimate has moved +20.3% in 90 days, across 27 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +19.2% on 90 days ago. In the last 30 days, 12 analysts raised ConocoPhillips's forecast and 0 cut it.

Consensus EPS forecast ConocoPhillips, last 90 days
$8.00 $9.00 $10.00 $11.00 $12.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $9.56 Current fiscal year, 60 days ago: $10.35 Current fiscal year, 30 days ago: $10.54 Current fiscal year, 7 days ago: $11.26 Current fiscal year, Now: $11.41 $11.41 Next fiscal year, 90 days ago: $8.97 Next fiscal year, 60 days ago: $9.41 Next fiscal year, 30 days ago: $9.60 Next fiscal year, 7 days ago: $10.65 Next fiscal year, Now: $10.78 $10.78

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $9.56$8.97
60 days ago $10.35$9.41
30 days ago $10.54$9.60
7 days ago $11.26$10.65
Now $11.41$10.78

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $2.93 $3.24 +10.6%
Mar 2026 $1.72 $1.89 +9.6%
Dec 2025 $1.10 $1.02 −7.0%
Sept 2025 $1.41 $1.61 +14.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in ConocoPhillips's latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows ConocoPhillips's revenue by +6.8% next year and +0.4% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.1%, weight 70%) and the company's own record (+3.9%, weight 30%) . How the weights are set.

Analyst recommendations

29 analysts, Oct 2026
Buy1966%
Hold931%
Sell13%

Monthly trend

  1. Oct 2026415929
  2. Sep 2026415928
  3. Aug 2026415726
  4. Jul 2026514726

Counts of recommendations published by analysts covering ConocoPhillips, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.6%
of tradable shares
Days to cover
2.77
at average volume
Short interest, 1 month
+16%
to October 15, 2026
Held by institutions
87%
of shares
Held by insiders
0.1%
of shares
Employees
9,600
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +70.5%

$86.14 on October 31, 2025 to $146.84

ThenNowEffect
Revenue (last 12 months) $57.8bn $63.3bn +9.6%
Net margin 15.9% 14.7% −7.8%
P/E multiple 11.5x 19.5x +69.1%
Share count 1227m 1230m −0.3%

Biggest factor: p/e multiple.

Last 3 years +34.0%

$109.61 on November 3, 2023 to $146.84

ThenNowEffect
Revenue (last 12 months) $66.7bn $63.3bn −5.1%
Net margin 19.4% 14.7% −24.4%
P/E multiple 10.5x 19.5x +85.7%
Share count 1236m 1230m +0.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
COP+87%+72%+2%−12%−2%+60%
Industry peers (median)+87%+54%−8%+2%−15%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
COP67%58%58%33%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
COP−19%−33%−24%−27%−22%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 71% from October 1, 2018 to March 18, 2020. Getting back needed a 241% gain, reached on October 8, 2021, 569 days after the low.

Price behaviour

52-week range
$83.04 – $154.03
From 52-week high
−4.7%
vs 50-day average
+7.7%
vs 200-day average
+21.8%
Volatility (1 year)
31%
Beta vs S&P 500
-0.70

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±2.1%
After a week
6 up, 6 down
typical move ±4.2%
After a month
7 up, 5 down
typical move ±5.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +2.2% +0.5% +8.2% +17.5%
April 30, 2026 −3.9% +1.3% −10.4% −9.2%
February 5, 2026 0.0% +0.6% +3.0% +9.6%
November 6, 2025 −1.0% −1.0% +2.0% +6.9%
August 7, 2025 +0.9% +0.7% +2.7% −1.0%
May 8, 2025 +1.0% +0.6% +6.0% +1.2%
February 6, 2025 −1.8% −0.6% −3.3% −6.5%
October 31, 2024 +4.7% −1.5% +9.1% +3.8%
August 1, 2024 −4.9% −3.3% −2.6% +3.1%
May 2, 2024 −1.7% +2.2% −0.8% −7.8%
February 8, 2024 −1.0% +0.6% −0.5% +3.3%
November 2, 2023 +2.6% +2.8% −2.2% −1.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

ConocoPhillips in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) ConocoPhillips
$50B $55B $60B $65B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $60B Revenue (TTM), FY23 Q4: $56.1B Revenue (TTM), FY24 Q1: $55.2B Revenue (TTM), FY24 Q2: $56.4B Revenue (TTM), FY24 Q3: $55.2B Revenue (TTM), FY24 Q4: $54.7B Revenue (TTM), FY25 Q1: $57.4B Revenue (TTM), FY25 Q2: $57.8B Revenue (TTM), FY25 Q3: $59.8B Revenue (TTM), FY25 Q4: $58.9B Revenue (TTM), FY26 Q1: $58.2B Revenue (TTM), FY26 Q2: $63.3B $63.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $60B
FY23 Q4 $56.1B
FY24 Q1 $55.2B
FY24 Q2 $56.4B
FY24 Q3 $55.2B
FY24 Q4 $54.7B
FY25 Q1 $57.4B
FY25 Q2 $57.8B
FY25 Q3 $59.8B
FY25 Q4 $58.9B
FY26 Q1 $58.2B
FY26 Q2 $63.3B
Revenue growth, TTM YoY ConocoPhillips
-30% -20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -20.1% Revenue growth, TTM YoY, FY23 Q4: -28.5% Revenue growth, TTM YoY, FY24 Q1: -27.0% Revenue growth, TTM YoY, FY24 Q2: -15.4% Revenue growth, TTM YoY, FY24 Q3: -7.9% Revenue growth, TTM YoY, FY24 Q4: -2.5% Revenue growth, TTM YoY, FY25 Q1: 4.1% Revenue growth, TTM YoY, FY25 Q2: 2.4% Revenue growth, TTM YoY, FY25 Q3: 8.2% Revenue growth, TTM YoY, FY25 Q4: 7.7% Revenue growth, TTM YoY, FY26 Q1: 1.3% Revenue growth, TTM YoY, FY26 Q2: 9.6% 9.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -20.1%
FY23 Q4 -28.5%
FY24 Q1 -27.0%
FY24 Q2 -15.4%
FY24 Q3 -7.9%
FY24 Q4 -2.5%
FY25 Q1 4.1%
FY25 Q2 2.4%
FY25 Q3 8.2%
FY25 Q4 7.7%
FY26 Q1 1.3%
FY26 Q2 9.6%
FCF margin (TTM) ConocoPhillips
10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 22.1% FCF margin (TTM), FY23 Q4: 20.8% FCF margin (TTM), FY24 Q1: 19.9% FCF margin (TTM), FY24 Q2: 20.8% FCF margin (TTM), FY24 Q3: 21.3% FCF margin (TTM), FY24 Q4: 19.2% FCF margin (TTM), FY25 Q1: 19.4% FCF margin (TTM), FY25 Q2: 15.9% FCF margin (TTM), FY25 Q3: 14.7% FCF margin (TTM), FY25 Q4: 14.1% FCF margin (TTM), FY26 Q1: 10.9% FCF margin (TTM), FY26 Q2: 16.0% 16.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 22.1%
FY23 Q4 20.8%
FY24 Q1 19.9%
FY24 Q2 20.8%
FY24 Q3 21.3%
FY24 Q4 19.2%
FY25 Q1 19.4%
FY25 Q2 15.9%
FY25 Q3 14.7%
FY25 Q4 14.1%
FY26 Q1 10.9%
FY26 Q2 16.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 149.3 63.3 66.1 62.0 58.2 55.5 30.9 24.4 32.6 38.7 36.7 18.8 45.8 78.5 56.1 54.7 58.9 63.3
Gross profit — — — — — — — 14.4 20.1 24.4 24.8 10.7 27.7 44.5 34.2 34.7 36.6 39.3
Net income 4.4 11.4 12.4 8.4 9.2 6.9 −4.4 −3.6 −0.9 6.3 7.2 −2.7 8.1 18.7 11.0 9.2 8.0 9.3
Diluted EPS $2.94 $7.62 $8.97 $6.72 $7.38 $5.51 −$3.58 −$2.91 −$0.70 — $6.40 −$2.51 $6.07 $14.57 $9.06 $7.81 $6.35 $7.55
Growth (year on year)
Revenue −38.0% −57.6% +4.3% −6.2% −6.1% −4.7% −44.3% −21.3% +33.8% +18.9% −5.3% −48.8% +144.0% +71.3% −28.5% −2.5% +7.7% +9.6%
Net income — +157.3% +9.5% −32.2% +8.6% −25.0% −164.5% — — — +14.9% −137.6% — +131.2% −41.3% −15.6% −13.6% +1.1%
Diluted EPS — +159.2% +17.7% −25.1% +9.8% −25.3% −165.0% — — — — −139.2% — +140.0% −37.8% −13.8% −18.7% +0.8%
Margins
Gross margin — — — — — — — 59.0% 61.7% 63.1% 67.7% 57.0% 60.4% 56.7% 60.9% 63.4% 62.1% 62.0%
Net margin 3.0% 17.9% 18.8% 13.6% 15.7% 12.4% −14.3% −14.8% −2.6% 16.2% 19.6% −14.4% 17.6% 23.8% 19.5% 16.9% 13.6% 14.7%
Free-cash-flow margin — — — −0.4% 1.0% −0.9% −8.0% −1.9% 7.6% 16.0% 12.2% 0.5% 25.5% 23.1% 35.6% 36.8% 33.6% 34.6%
Cash flow
Cash from operations 12.5 17.0 19.6 13.9 16.1 16.6 7.6 4.4 7.1 12.9 11.1 4.8 17.0 28.3 20.0 20.1 19.8 21.9
Capital spending — — — 14.2 15.5 17.1 10.1 4.9 4.6 6.8 6.6 4.7 5.3 10.2 0.0 0.0 0.0 0.0
Free cash flow — — — −0.3 0.6 −0.5 −2.5 −0.5 2.5 6.2 4.5 0.1 11.7 18.2 20.0 20.1 19.8 21.9
Stock-based pay 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.3 0.2 0.3 0.3 0.2 0.3 0.4 0.3 0.3 0.3 —
Free cash flow after stock pay — — — −0.6 0.3 −0.9 −2.8 −0.7 2.3 5.9 4.2 −0.1 11.4 17.8 19.6 19.9 19.5 —
Balance sheet
Cash 0.5 9.5 5.8 3.6 6.2 5.1 2.4 3.6 6.3 5.9 5.1 3.0 5.0 6.5 5.6 5.6 6.5 6.6
Total debt 28.7 23.8 22.7 21.8 22.0 22.6 24.9 27.3 22.4 16.1 18.1 19.1 19.9 16.6 18.9 24.3 23.4 23.3
Net debt (negative = net cash) 28.1 14.4 17.0 18.2 15.8 17.5 22.5 23.7 16.1 10.2 13.0 16.1 14.9 10.2 13.3 18.7 16.9 16.7
Diluted shares 1,498m 1,491m 1,387m 1,253m 1,240m 1,246m 1,242m 1,245m 1,221m 1,176m 1,124m 1,078m 1,328m 1,278m 1,206m 1,181m 1,253m 1,230m
Returned to shareholders
Dividends 2.8 3.2 3.6 3.3 3.3 3.5 3.7 1.3 1.3 1.4 1.5 1.8 2.4 5.7 5.6 3.6 4.0 4.1
Buybacks 0.0 3.9 11.1 5.1 0.0 0.0 0.0 0.1 3.0 3.0 3.5 0.9 3.6 9.3 5.4 5.5 5.0 5.3
Total returned 2.8 7.0 14.8 8.4 3.3 3.5 3.7 1.4 4.3 4.4 5.0 2.7 6.0 15.0 11.0 9.1 9.0 9.4

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 6 checks passed · June 30, 2026
What it owns · $124.3bn
Short-term assets $19.2bnLonger-term assets $105.1bn
What it owes, and who funded it · $124.3bn
Short-term liabilities $12.5bnLonger-term liabilities $46.5bnShareholders' equity $65.3bn
  • Short-term assets cover short-term liabilities $19.2bn of assets due within a year against $12.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $19.2bn short-term assets against $46.5bn of longer-dated liabilities.
  • More cash than debt $6.6bn of cash against $23.3bn of debt.
  • Debt below 40% of shareholders' equity Debt is 36% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 41% to 36% over five years.
  • A year's operating cash flow covers at least 20% of debt $21.9bn of operating cash flow against $23.3bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From ConocoPhillips's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$5.3B
Dividends (TTM)
$4.1B
Returned to shareholders
93%
of free cash flow
Buybacks, last 3 fiscal years
$15.9B
Diluted share count
+0.3%
year over year
Total shareholder yield
5.3%
dividends 2.3% + buybacks 3.0% of market value
Dividend payout ratio
44%
of net income paid out
Sales & admin spending
1.3%
of revenue

Competitors: side by side with peers

Closest by revenue in oil & gas exploration & production
Last 12 months unless stated COP PBR SU CVE CNQ EOG Median
Revenue, last 12 months $63.3bn $89.2bn $37.5bn $35.6bn $27.8bn $27.0bn $1.4bn
Revenue growth, last 12 months 9.6% −2.4% −6.4% −10.2% 6.6% 19.1% 10.6%
Revenue growth, 3-year average −1.7% — — — — 1.4% 1.4%
Revenue growth, latest quarter 36.8% — — — — 57.4% 31.5%
Gross margin 62.0% 47.6% — — — — 75.2%
Operating margin — 29.3% — — — 32.9% 21.1%
Operating margin, 3-year average — 29.2% — — — 34.4% 16.5%
Net margin 14.7% 22.0% 11.3% 7.9% 27.9% 25.4% 10.1%
Cash from operations / revenue 34.6% 40.4% — 16.6% 39.0% 49.4% 42.4%
Free-cash-flow margin 16.0% 16.9% — −4.0% 14.8% 26.6% 19.3%
Free-cash-flow margin, 3-year average 17.6% — — — 19.8% 24.5% 19.1%
Stock pay / revenue — — 0.0% — 0.5% 0.9% 1.5%
Change in share count 0.3% — −4.4% −2.3% −2.0% −3.5% 0.4%

Median of all 57 companies we cover in oil & gas exploration & production. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 oil & gas exploration & production companies
Measure Company Peer median Rank
Revenue growth Growth 9.6% 10.6% 30 of 57
Change in growth rate Growth +8.2pp +4.9pp 21 of 57
Gross margin Profitability 62.0% 83.5% 10 of 12
Net margin Profitability 14.7% 10.1% 24 of 57
Free-cash-flow margin Cash generation 16.0% 23.2% 34 of 51
Long-term debt as % of assets Balance sheet 18.4% 17.6% 26 of 43
Change in share count Balance sheet 0.3% 0.4% 24 of 48

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Total Segments $58.9B 99.9% ▲ 7.6%
Lower Forty Eight $41.4B 70.3% ▲ 11.8%
Europe Middle East and North Africa $6.5B 11.0% ▲ 12.0%
Alaska $5.6B 9.6% ▼ 14.0%
Canada Operating $3.6B 6.2% ▲ 3.2%
Asia Pacific Operating $1.8B 3.0% ▼ 4.2%
Corporate $32M 0.1% ▲ 88.2%
Geography
Region Revenue Share YoY
United States $46.6B 79.1% ▲ 7.2%
Outside the US $12.3B 20.9% ▲ 9.5%

From ConocoPhillips's 10-K filed February 17, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$106B
Institutions reporting
2,430
Shares held vs prior quarter
▼ 1.9%
Positions opened / closed
139 / 244

Top buyers and sellers, Q2 2026: 1,086 institutions bought and 1,203 sold ; the biggest buyer was Jpmorgan Chase & Co (+4.4M shares) and the biggest seller Fisher Asset Management, LLC (−14.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $9.8B 93.9M 9.2% ▲ 3.0%
Vanguard Capital Management LLC $8.3B 79.6M 7.8% ▲ 0.1%
State Street Corp $6.8B 65.8M 6.4% ▼ 3.9%
Price T Rowe Associates Inc $4.7B 44.8M 4.4% ▼ 5.3%
Charles Schwab Investment Management Inc $4.3B 41.5M 4.1% ▲ 9.4%
Jpmorgan Chase & Co $4B 38.0M 3.7% ▲ 13.1%
Capital International Investors $3B 28.9M 2.8% ▼ 7.1%
FMR LLC $3B 28.7M 2.8% ▼ 2.4%
Geode Capital Management, LLC $3B 28.7M 2.8% ▲ 0.4%
Vanguard Portfolio Management LLC $3B 28.5M 2.8% ▲ 0.6%
Morgan Stanley $1.9B 18.2M 1.8% ▼ 3.3%
Massachusetts Financial Services Co $1.9B 18.0M 1.8% ▼ 11.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not ConocoPhillips's complete shareholder register. Values are as reported by the filers ; 7 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $500,000 1 trade by 1 insider, last 12 months Insider sales History → $146M 15 trades by 8 insiders · 0% under pre-set plans
Net ▼ $145M net selling
Insider Date Trade Shares Price Value
Lundquist Andrew D Senior Vice President August 21, 2026 Sell 9,487 $135.15 $1.3M
Rose Kelly Brunetti SVP & General Counsel August 20, 2026 Sell 15,000 $134.51 $2M
Mulligan Sharmila Director June 10, 2026 Sell 1,974 $119.00 $234,906
Lance Ryan Michael Chairman and CEO March 31, 2026 Sell 113,221 $132.71 $15M
Rose Kelly Brunetti SVP & General Counsel March 24, 2026 Sell 7,700 $130.03 $1M
Olds Nicholas G Executive Vice President March 23, 2026 Sell 6,994 $127.06 $888,651
Lance Ryan Michael Chairman and CEO March 20, 2026 Sell 506,800 $127.26 $64.5M
Lundquist Andrew D Senior Vice President March 13, 2026 Sell 34,500 $119.68 $4.1M
Hrap Heather G. Senior Vice President March 13, 2026 Sell 2,654 $119.68 $317,631
Haynes Welsh Kontessa S VP & Controller March 12, 2026 Sell 10,339 $120.07 $1.2M
Olds Nicholas G Executive Vice President March 12, 2026 Sell 14,522 $119.36 $1.7M
Olds Nicholas G Executive Vice President March 11, 2026 Sell 12,150 $116.36 $1.4M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 82 trades and filings

In the last 12 months, 2 members of Congress disclosed 1 purchase and 4 sales of ConocoPhillips shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded February 10, 2026, filed March 9, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $15,001 - $50,000, traded January 7, 2026, filed February 13, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 30, 2026
  • February 5, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on ConocoPhillips was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

ConocoPhillips in brief

What does ConocoPhillips do?
ConocoPhillips is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
What is ConocoPhillips's stock ticker?
ConocoPhillips trades under the ticker COP on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is ConocoPhillips's revenue, and how fast is it growing?
Over its most recent trailing twelve months, ConocoPhillips reported revenue of $63.3B, 9.6% higher than a year earlier, according to its SEC filings.
What is ConocoPhillips's free cash flow?
ConocoPhillips's free-cash-flow margin is 16.0% of revenue over the trailing twelve months, ranking 34 of the 51 oil & gas exploration & production companies we cover.
Who are ConocoPhillips's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is ConocoPhillips buying back stock, and does it pay a dividend?
ConocoPhillips spent $5.3B on share repurchases over the trailing twelve months, and its diluted share count still rose 0.3% over the year.
What is ConocoPhillips's market cap?
On November 2, 2026, ConocoPhillips's market capitalisation was about $181B, with a price-to-earnings ratio of 19.5 and net debt of $16.7B. Market figures come from third-party market data and may be delayed.
Does ConocoPhillips pay a dividend?
Yes: ConocoPhillips paid $4.1B in dividends over the trailing twelve months, a dividend yield of 2.28% and a payout ratio of 43.8%.
How much debt does ConocoPhillips have?
ConocoPhillips's debt-to-equity ratio is 35.6%, from its latest balance sheet (41.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are ConocoPhillips's competitors?
In our Oil & Gas Exploration & Production peer group, the companies closest to ConocoPhillips are Petrobras - Petroleo Brasileiro SA, Suncor Energy Inc, Cenovus Energy Inc., Canadian Natural Resources Ltd and EOG Resources. The side-by-side comparison below sets their revenue, margins and growth against ConocoPhillips's.
Are insiders buying or selling ConocoPhillips stock?
Over the last 12 months, ConocoPhillips's directors and officers reported 1 open-market purchases and 15 sales on Form 4. The insider trading page charts every trade.
When is ConocoPhillips's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — ConocoPhillips announces its own schedule.