Buyback yield (TTM)
2.80%
Shareholder yield (TTM)
5.29%
5Y share count change
16.3%
Buyback spend (TTM)
$4.52B
Cumulative buybacks
$78.83B
Key takeaways
- ConocoPhillips (COP) repurchased about $4.52B of stock over the trailing twelve months.
- Diluted share count is up 16.3% over the last ~5 fiscal years — equity issuance and stock-based compensation are outpacing repurchases.
- Cash buyback spend has compounded at +41.1% per year over the latest 5-year window.
- TTM repurchases used about 40% of free cash flow remaining after dividends.
Dividend & buyback yield over time for ConocoPhillips (COP)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for ConocoPhillips (COP)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for ConocoPhillips (COP)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for ConocoPhillips (COP)
Latest: $5.02B
Overview
As of the 2025 fiscal year, ConocoPhillips (COP) reported buyback spend of $5.02B – declined 8.1% year-over-year.
Looking at the 2020–2025 (5 years) stretch, ConocoPhillips buyback spend compounded at +41.1% per year, with mixed annual results across the window.
ConocoPhillips buyback spend plunged from $11.12B in 2011 to $5.02B in 2025, a 54.9% drawdown.
$11.12B stands as the all-time-high annual buyback spend, posted in 2011, against a low of $0.00 during 1989.
ConocoPhillips Buyback Spend 2025: $5.02B
2025's buyback spend for ConocoPhillips came in at $5.02B, declined 8.1% below 2024.
ConocoPhillips Buyback Spend 2024: $5.46B
ConocoPhillips posted buyback spend of $5.46B in 2024, edged up 1.2% from 2023.
ConocoPhillips Buyback Spend 2023: $5.40B
In 2023, ConocoPhillips reported buyback spend of $5.40B, plunged 41.7% below 2022.
ConocoPhillips Buyback Spend 2022: $9.27B
ConocoPhillips buyback spend in 2022 was $9.27B, surged 155.9% from 2021.
ConocoPhillips Buyback Spend 2021: $3.62B
ConocoPhillips buyback spend in 2021 was $3.62B.
See more financial history for ConocoPhillips (COP).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $5.02B | $0.00 | $5.02B | 4.35% | 1.25B | +6.1% | |
| 2024 | $5.46B | $0.00 | $5.46B | 4.56% | 1.18B | -2.1% | |
| 2023 | $5.40B | $0.00 | $5.40B | 3.92% | 1.21B | -5.7% | |
| 2022 | $9.27B | $377.00M | $8.89B | 6.42% | 1.28B | -3.8% | |
| 2021 | $3.62B | $304.00M | $3.32B | 3.82% | 1.33B | +23.2% | |
| 2020 | $897.00M | $159.00M | $738.00M | 2.09% | 1.08B | -4.1% | |
| 2019 | $3.50B | $274.00M | $3.23B | 4.91% | 1.12B | -4.4% | |
| 2018 | $3.00B | $0.00 | $3.00B | 4.18% | 1.18B | -3.7% | |
| 2017 | $3.06B | $227.00M | $2.84B | 4.68% | 1.22B | -2.0% | |
| 2016 | $126.00M | $272.00M | −$146.00M | 0.20% | 1.25B | +0.3% | |
| 2015 | $0.00 | $362.00M | −$362.00M | — | 1.24B | -0.3% | |
| 2014 | $0.00 | $0.00 | $0.00 | — | 1.25B | +0.5% | |
| 2013 | $0.00 | $0.00 | $0.00 | — | 1.24B | -1.1% | |
| 2012 | $5.10B | $0.00 | $5.10B | 7.19% | 1.25B | -9.7% | |
| 2011 | $11.12B | $0.00 | $11.12B | 15.43% | 1.39B | -7.0% | |
| 2010 | $3.87B | $0.00 | $3.87B | 5.14% | 1.49B | -0.4% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 1.50B | -1.7% | |
| 2008 | $8.25B | $0.00 | $8.25B | 13.90% | 1.52B | -7.4% | |
| 2007 | $7.00B | $0.00 | $7.00B | 6.58% | 1.65B | +2.3% | |
| 2006 | $925.00M | $0.00 | $925.00M | 1.01% | 1.61B | +13.6% | |
| 2005 | $1.92B | $0.00 | $1.92B | 3.10% | 1.42B | +1.1% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 1.40B | +2.2% | |
| 2003 | $0.00 | $0.00 | $0.00 | — | 1.37B | +41.2% | |
| 2002 | $300.00M | $0.00 | $300.00M | 1.18% | 0.97B | +64.6% | |
| 2001 | $0.00 | $0.00 | $0.00 | — | 0.59B | +15.0% | |
| 2000 | $0.00 | $0.00 | $0.00 | — | 0.51B | +0.8% | |
| 1999 | $13.00M | $0.00 | $13.00M | — | 0.51B | -2.2% | |
| 1998 | $523.00M | $0.00 | $523.00M | — | 0.52B | -2.0% | |
| 1997 | $395.00M | $0.00 | $395.00M | — | 0.53B | +0.1% | |
| 1996 | $0.00 | $0.00 | $0.00 | — | 0.53B | — | |
| 1995 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1994 | $1.00M | $0.00 | $1.00M | — | — | — | |
| 1993 | $4.00M | $0.00 | $4.00M | — | — | — | |
| 1992 | $4.00M | $0.00 | $4.00M | — | — | — | |
| 1991 | $4.00M | $0.00 | $4.00M | — | — | — | |
| 1990 | $37.00M | $0.00 | $37.00M | — | — | — | |
| 1989 | $0.00 | $0.00 | $0.00 | — | — | — |
- 2025$5.02B
- 2024$5.46B
- 2023$5.40B
- 2022$9.27B
- 2021$3.62B
- 2020$897.00M
- 2019$3.50B
- 2018$3.00B
- 2017$3.06B
- 2016$126.00M
- 2015$0.00
- 2014$0.00
- 2013$0.00
- 2012$5.10B
- 2011$11.12B
- 2010$3.87B
- 2009$0.00
- 2008$8.25B
- 2007$7.00B
- 2006$925.00M
- 2005$1.92B
- 2004$0.00
- 2003$0.00
- 2002$300.00M
- 2001$0.00
- 2000$0.00
- 1999$13.00M
- 1998$523.00M
- 1997$395.00M
- 1996$0.00
- 1995$0.00
- 1994$1.00M
- 1993$4.00M
- 1992$4.00M
- 1991$4.00M
- 1990$37.00M
- 1989$0.00
Buybacks vs stock-based compensation for ConocoPhillips (COP)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: N/A.
Buybacks vs dividends (share of cash returned) for ConocoPhillips (COP)
How ConocoPhillips splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as ConocoPhillips, ranked by their latest buyback spend.
| $20.27B | |
| $11.86B | |
| $3.49B | |
| $2.60B | |
| $2.56B | |
| $2.41B | |
| $0.00 | |
| $0.00 |
- $20.27B
- $11.86B
- $3.49B
- $2.60B
- $2.56B
- $2.41B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $11.35B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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