Question 1

What is ConocoPhillips's P/E ratio?

Accepted Answer

ConocoPhillips (COP) P/E ratio is 19.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for ConocoPhillips?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For ConocoPhillips specifically, the relevant sector benchmark is the current sector median of 17.9×.

Question 5

Is ConocoPhillips's P/E ratio high or low?

Accepted Answer

ConocoPhillips's P/E ratio of 19.6× is above its own 5-year average of 13.9× and above the sector median of 17.9×. That places the current reading at the 84th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is ConocoPhillips's historical P/E ratio range?

Accepted Answer

In the available daily series, ConocoPhillips (COP) P/E ratio has ranged from a low of 4.5× in 2008 to a high of 4095.7× in 2021. The 5-year average is 13.9× and the 5-year median is 12.6×.

Question 7

What was ConocoPhillips's P/E ratio in 2025?

Accepted Answer

ConocoPhillips (COP) P/E ratio at the end of 2025 was 14.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does ConocoPhillips's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$115.38B	$7.99B	14.4×	+1.5×	Dec 31, 2025
2024	$119.74B	$9.22B	13.0×	+0.4×	Dec 31, 2024
2023	$137.79B	$10.93B	12.6×	+4.9×	Dec 31, 2023
2022	$144.42B	$18.68B	7.7×	-4.0×	Dec 31, 2022
2021	$94.93B	$8.08B	11.8×	—	Dec 31, 2021
2020	$42.85B	−$2.70B	—	—	Dec 31, 2020
2019	$71.25B	$7.19B	9.9×	-1.6×	Dec 31, 2019
2018	$71.77B	$6.26B	11.5×	—	Dec 31, 2018
2017	$65.44B	−$855.00M	—	—	Dec 31, 2017
2016	$62.49B	−$3.62B	—	—	Dec 31, 2016
2015	$58.02B	−$4.43B	—	—	Dec 31, 2015
2014	$85.63B	$6.87B	12.5×	+2.9×	Dec 31, 2014
2013	$87.16B	$9.16B	9.5×	+2.1×	Dec 31, 2013
2012	$70.95B	$9.57B	7.4×	+1.6×	Dec 31, 2012
2011	$72.11B	$12.44B	5.8×	-2.3×	Dec 31, 2011
2010	$75.19B	$9.29B	8.1×	-5.4×	Dec 31, 2010
2009	$58.65B	$4.35B	13.5×	—	Dec 31, 2009
2008	$59.33B	−$17.00B	—	—	Dec 31, 2008
2007	$106.34B	$11.89B	8.9×	+3.1×	Dec 31, 2007
2006	$91.38B	$15.55B	5.9×	+1.3×	Dec 31, 2006
2005	$62.02B	$13.62B	4.6×	-1.2×	Dec 31, 2005
2004	$46.56B	$8.13B	5.7×	-1.5×	Dec 31, 2004
2003	$34.45B	$4.75B	7.2×	—	Dec 31, 2003
2002	$25.34B	−$295.00M	—	—	Dec 31, 2002
2001	$12.91B	$1.64B	7.9×	—	Dec 31, 2001


Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Exxon Mobil (XOM)	28.0×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
Kinder Morgan (KMI)	22.5×
Enbridge (ENB)	21.6×
Halliburton (HAL)	21.2×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
First Solar (FSLR)	12.7×
EQT (EQT)	11.9×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×
Sunrun (RUN)	5.6×

P/E Ratio for ConocoPhillips (COP)

P/E Ratio daily chart for ConocoPhillips (COP)

Historical P/E Ratio for ConocoPhillips (COP) from 2001 to 2025

About P/E Ratio at ConocoPhillips (COP)

ConocoPhillips P/E Ratio by Year

ConocoPhillips P/E Ratio 2025: 14.4×

ConocoPhillips P/E Ratio 2024: 13.0×

ConocoPhillips P/E Ratio 2023: 12.6×

ConocoPhillips P/E Ratio 2022: 7.7×

ConocoPhillips P/E Ratio 2021: 11.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

ConocoPhillips (COP) Key Financials

P/E Ratio daily chart for ConocoPhillips (COP)

Historical P/E Ratio for ConocoPhillips (COP) from 2001 to 2025

About P/E Ratio at ConocoPhillips (COP)

ConocoPhillips P/E Ratio by Year

ConocoPhillips P/E Ratio 2025: 14.4×

ConocoPhillips P/E Ratio 2024: 13.0×

ConocoPhillips P/E Ratio 2023: 12.6×

ConocoPhillips P/E Ratio 2022: 7.7×

ConocoPhillips P/E Ratio 2021: 11.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is ConocoPhillips's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for ConocoPhillips?

+Is ConocoPhillips's P/E ratio high or low?

+What is ConocoPhillips's historical P/E ratio range?

+What was ConocoPhillips's P/E ratio in 2025?

+Why does ConocoPhillips's P/E ratio change over time?

ConocoPhillips (COP) Key Financials