Conocophillips (COP)
Energy · Oil & Gas Exploration & Production · US stock · S&P 500 component
$146.51
▲ +4.78 (3.37%)
Fair valueUndervalued
$263 +79.7% to fair value
$132fair band $184–$342$395
Day's range
$142.24 – $146.59
52-week range
$82.95 – $146.59
Red flags⚠ Heavy dilution
About Conocophillips
ConocoPhillips is an independent exploration and production company that finds, develops and produces crude oil, natural gas, natural gas liquids and bitumen. It operates in the United States, Canada and several other regions, and it does not run a large retail fuel business. Revenue is earned by selling these commodities at market-related prices, so earnings depend closely on energy prices and production volumes.
Revenue of $63.3 billion was recorded for the latest twelve months; sales fell 9.1% a year over the past three years. Conocophillips converts that into an operating margin of 23.1%. Return on invested capital comes to 13%. Net debt to EBITDA is 0.6 times. A dividend is paid, with a yield of 2.3%, and the X-Ray Score is 59 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
COP news
All COP news →Price chart
52-wk range $82.95 – $146.59Volume 7,766,500Daily, split-adjusted
Vitals
Market cap$177.9B
52-week range$82.95 – $146.59
Volume (last day)7,766,500
P/E (TTM)19.5
EBIT / EV yield7.6%
Free-cash-flow yield–
Dividend yield2.3%
Revenue (TTM)$63.3B
Net income (TTM)$9.3B
Operating margin23.1%
Return on capital12.6%
Debt incl. leases$23.3B
Cash & securities$7.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$263model spread $173 – $260
Undervalued
+79.7% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Multiples use through-the-cycle earnings (1.01x of the last twelve months)
Price $147
Undervalued < $184Fair $184 – $342Overvalued > $342
10-year DCF (market-scaled)
$445
Peer multiples
$146
Earnings power floor (not blended)
$102
Fundamentals-adjusted multiple
$200
Growth the price implies
5.9%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business at a low price
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Strong
71/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.6%
Fair value vs price1.8×
Growth
Weak
40/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-9.1%
EPS growth (3y)-24.2%
Growth consistency50%
Profitability
Fair
66/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital12.6%
Operating margin23.1%
Gross profitability31.6%
Financial health
Fair
66/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.6×
Interest coverNo interest cost
Dividends
Weak
38/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield2.3%
Dividend growth-11.3%
Quarterly results: last 6 quarters
+19.3%
Mar '25
+2.8%
Jun '25
+15.3%
Sep '25
-5.9%
Dec '25
-4.6%
Mar '26
+36.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $19.2B, diluted EPS $3.23.
Compare with peers
APA APA Corp69 EXE EXPAND ENERGY Corp68 EOG Eog Resources Inc66 EQT EQT Corp55Other Oil & Gas Exploration & Production companies by X-Ray Score.
Fundamentals checklist
● 5 Good · ● 8 Average · ● 1 BadCash quality
Earnings backed by cashGood
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalAverage
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 63/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $45.8B | $78.5B | $56.1B | $54.7B | $58.9B |
| Operating income | $13.6B | $29.0B | $17.1B | $14.6B | $13.8B |
| Net income | $8.1B | $18.7B | $11.0B | $9.2B | $8.0B |
| Operating cash flow | $17.0B | $28.3B | $20.0B | $20.1B | $19.8B |
| Operating margin | 29.7% | 37.0% | 30.5% | 26.7% | 23.5% |
| Free cash flow | $11.7B | $18.2B | – | – | – |
| Diluted EPS | $6.07 | $14.57 | $9.06 | $7.81 | $6.35 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 136.5 | Bullish |
| EMA 10 | 138.1 | Bullish |
| SMA 20 | 131.6 | Bullish |
| EMA 20 | 134.8 | Bullish |
| SMA 50 | 131.7 | Bullish |
| EMA 50 | 130.4 | Bullish |
| SMA 100 | 122.2 | Bullish |
| EMA 100 | 125.3 | Bullish |
| SMA 200 | 117.6 | Bullish |
| EMA 200 | 117.9 | Bullish |
Oscillators (daily)
| RSI (14) | 74.74 | Bearish |
| MACD (12, 26) | 3.34 | Bullish |
| Momentum (12) | 17.07 | Bullish |
| Stochastic %K (14) | 99.65 | Bearish |
| Williams %R (14) | -0.35 | Bearish |
| CCI (20) | 170.2 | Bearish |
Pivot points (classic, last session)
S3 139.3 | S2 140.8 | S1 143.6 | Pivot 145.1 | R1 148.0 | R2 149.5 | R3 152.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.36 USD
Yield on today's price
2.29%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 17 Aug 2026 | 0.8400 |
| 11 May 2026 | 0.8400 |
| 18 Feb 2026 | 0.8400 |
| 17 Nov 2025 | 0.8400 |
| 18 Aug 2025 | 0.7800 |
| 19 May 2025 | 0.7800 |
| 14 Feb 2025 | 0.7800 |
| 8 Nov 2024 | 0.7800 |
| 12 Aug 2024 | 0.5800 |
| 10 May 2024 | 0.5800 |
| 15 Feb 2024 | 0.5800 |
| 13 Nov 2023 | 0.5800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
COP SEC filings
11 Aug 2026
8-KSEC EDGAR
Director or officer change
6 Aug 2026
10-QSEC EDGAR
Quarterly report
6 Aug 2026
8-KSEC EDGAR
Results of operations
23 Jun 2026
8-KSEC EDGAR
Director or officer change
14 May 2026
8-KSEC EDGAR
Shareholder vote results
30 Apr 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations
30 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.