CONOCOPHILLIPS (COP) Fundamental Analysis & Valuation

NYSE:COP • US20825C1045

120.26 USD
+3.23 (+2.76%)
At close: Mar 12, 2026
120.06 USD
-0.2 (-0.17%)
Pre-Market: 3/13/2026, 5:04:00 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This COP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to COP. COP was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. COP has an excellent financial health rating, but there are some minor concerns on its profitability. While showing a medium growth rate, COP is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

5

1. COP Profitability Analysis

1.1 Basic Checks

  • COP had positive earnings in the past year.
  • COP had a positive operating cash flow in the past year.
  • Each year in the past 5 years COP has been profitable.
  • Each year in the past 5 years COP had a positive operating cash flow.
COP Yearly Net Income VS EBIT VS OCF VS FCFCOP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B

1.2 Ratios

  • The Return On Assets of COP (6.53%) is better than 73.43% of its industry peers.
  • Looking at the Return On Equity, with a value of 12.35%, COP is in the better half of the industry, outperforming 68.12% of the companies in the same industry.
  • COP's Return On Invested Capital of 6.88% is fine compared to the rest of the industry. COP outperforms 64.25% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for COP is significantly below the industry average of 22.51%.
Industry RankSector Rank
ROA 6.53%
ROE 12.35%
ROIC 6.88%
ROA(3y)8.47%
ROA(5y)10.83%
ROE(3y)16.25%
ROE(5y)21.06%
ROIC(3y)8.46%
ROIC(5y)11.22%
COP Yearly ROA, ROE, ROICCOP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30

1.3 Margins

  • COP has a Profit Margin of 13.51%. This is in the better half of the industry: COP outperforms 64.25% of its industry peers.
  • In the last couple of years the Profit Margin of COP has declined.
  • COP has a Operating Margin of 19.63%. This is comparable to the rest of the industry: COP outperforms 56.52% of its industry peers.
  • COP's Operating Margin has declined in the last couple of years.
  • COP has a Gross Margin (44.60%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of COP has grown nicely.
Industry RankSector Rank
OM 19.63%
PM (TTM) 13.51%
GM 44.6%
OM growth 3Y-16.11%
OM growth 5YN/A
PM growth 3Y-17.12%
PM growth 5YN/A
GM growth 3Y-2.28%
GM growth 5Y5.66%
COP Yearly Profit, Operating, Gross MarginsCOP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40

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7

2. COP Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so COP is still creating some value.
  • Compared to 1 year ago, COP has less shares outstanding
  • The number of shares outstanding for COP has been increased compared to 5 years ago.
  • COP has a better debt/assets ratio than last year.
COP Yearly Shares OutstandingCOP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
COP Yearly Total Debt VS Total AssetsCOP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • COP has an Altman-Z score of 3.16. This indicates that COP is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.16, COP belongs to the best of the industry, outperforming 80.68% of the companies in the same industry.
  • The Debt to FCF ratio of COP is 3.24, which is a good value as it means it would take COP, 3.24 years of fcf income to pay off all of its debts.
  • COP has a better Debt to FCF ratio (3.24) than 74.40% of its industry peers.
  • A Debt/Equity ratio of 0.35 indicates that COP is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.35, COP is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.24
Altman-Z 3.16
ROIC/WACC0.87
WACC7.9%
COP Yearly LT Debt VS Equity VS FCFCOP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B

2.3 Liquidity

  • A Current Ratio of 1.30 indicates that COP should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.30, COP is in line with its industry, outperforming 58.94% of the companies in the same industry.
  • A Quick Ratio of 1.14 indicates that COP should not have too much problems paying its short term obligations.
  • COP has a better Quick ratio (1.14) than 60.39% of its industry peers.
Industry RankSector Rank
Current Ratio 1.3
Quick Ratio 1.14
COP Yearly Current Assets VS Current LiabilitesCOP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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5

3. COP Growth Analysis

3.1 Past

  • The earnings per share for COP have decreased strongly by -20.98% in the last year.
  • COP shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -23.08% yearly.
  • Looking at the last year, COP shows a small growth in Revenue. The Revenue has grown by 7.67% in the last year.
  • The Revenue has been growing by 25.70% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-20.98%
EPS 3Y-23.08%
EPS 5YN/A
EPS Q2Q%-48.48%
Revenue 1Y (TTM)7.67%
Revenue growth 3Y-9.11%
Revenue growth 5Y25.7%
Sales Q2Q%-3.75%

3.2 Future

  • COP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.15% yearly.
  • COP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.70% yearly.
EPS Next Y-19.7%
EPS Next 2Y3.68%
EPS Next 3Y10.63%
EPS Next 5Y14.15%
Revenue Next Year-8.6%
Revenue Next 2Y-1.36%
Revenue Next 3Y2.69%
Revenue Next 5Y4.7%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
COP Yearly Revenue VS EstimatesCOP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
COP Yearly EPS VS EstimatesCOP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 5 10

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2

4. COP Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.59, which indicates a rather expensive current valuation of COP.
  • COP's Price/Earnings ratio is in line with the industry average.
  • COP is valuated rather cheaply when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 24.39, the valuation of COP can be described as rather expensive.
  • COP's Price/Forward Earnings ratio is in line with the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 23.82. COP is around the same levels.
Industry RankSector Rank
PE 19.59
Fwd PE 24.39
COP Price Earnings VS Forward Price EarningsCOP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 67.15% of the companies in the same industry are more expensive than COP, based on the Enterprise Value to EBITDA ratio.
  • COP's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 20.3
EV/EBITDA 7.06
COP Per share dataCOP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.68%
EPS Next 3Y10.63%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. COP Dividend Analysis

5.1 Amount

  • COP has a Yearly Dividend Yield of 2.88%.
  • COP's Dividend Yield is comparable with the industry average which is at 3.41.
  • COP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.88%

5.2 History

  • On average, the dividend of COP grows each year by 13.43%, which is quite nice.
  • COP has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)13.43%
Div Incr Years0
Div Non Decr Years0
COP Yearly Dividends per shareCOP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 50.18% of the earnings are spent on dividend by COP. This is a bit on the high side, but may be sustainable.
  • The dividend of COP is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP50.18%
EPS Next 2Y3.68%
EPS Next 3Y10.63%
COP Yearly Income VS Free CF VS DividendCOP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B
COP Dividend Payout.COP Dividend Payout, showing the Payout Ratio.COP Dividend Payout.PayoutRetained Earnings

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COP Fundamentals: All Metrics, Ratios and Statistics

CONOCOPHILLIPS

NYSE:COP (3/12/2026, 8:04:00 PM)

Premarket: 120.06 -0.2 (-0.17%)

120.26

+3.23 (+2.76%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners84.6%
Inst Owner Change-0.49%
Ins Owners0.1%
Ins Owner Change21.96%
Market Cap147.00B
Revenue(TTM)58.94B
Net Income(TTM)7.96B
Analysts78.79
Price Target119.02 (-1.03%)
Short Float %1.66%
Short Ratio2.42
Dividend
Industry RankSector Rank
Dividend Yield 2.88%
Yearly Dividend3.19
Dividend Growth(5Y)13.43%
DP50.18%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-18
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.15%
Min EPS beat(2)-9.14%
Max EPS beat(2)11.45%
EPS beat(4)3
Avg EPS beat(4)1.21%
Min EPS beat(4)-9.14%
Max EPS beat(4)11.45%
EPS beat(8)5
Avg EPS beat(8)2.2%
EPS beat(12)8
Avg EPS beat(12)3.54%
EPS beat(16)11
Avg EPS beat(16)3.1%
Revenue beat(2)1
Avg Revenue beat(2)1.66%
Min Revenue beat(2)-1.05%
Max Revenue beat(2)4.38%
Revenue beat(4)2
Avg Revenue beat(4)1.36%
Min Revenue beat(4)-4.28%
Max Revenue beat(4)6.38%
Revenue beat(8)3
Avg Revenue beat(8)-0.71%
Revenue beat(12)3
Avg Revenue beat(12)-1.84%
Revenue beat(16)7
Avg Revenue beat(16)0.39%
PT rev (1m)2.77%
PT rev (3m)3.87%
EPS NQ rev (1m)-13.11%
EPS NQ rev (3m)-22.12%
EPS NY rev (1m)-9.34%
EPS NY rev (3m)-22.18%
Revenue NQ rev (1m)-1.59%
Revenue NQ rev (3m)-3.1%
Revenue NY rev (1m)-2.73%
Revenue NY rev (3m)-4.93%
Valuation
Industry RankSector Rank
PE 19.59
Fwd PE 24.39
P/S 2.49
P/FCF 20.3
P/OCF 7.43
P/B 2.28
P/tB 2.28
EV/EBITDA 7.06
EPS(TTM)6.14
EY5.11%
EPS(NY)4.93
Fwd EY4.1%
FCF(TTM)5.93
FCFY4.93%
OCF(TTM)16.2
OCFY13.47%
SpS48.22
BVpS52.76
TBVpS52.76
PEG (NY)N/A
PEG (5Y)N/A
Graham Number85.37
Profitability
Industry RankSector Rank
ROA 6.53%
ROE 12.35%
ROCE 10.52%
ROIC 6.88%
ROICexc 7.35%
ROICexgc 7.35%
OM 19.63%
PM (TTM) 13.51%
GM 44.6%
FCFM 12.29%
ROA(3y)8.47%
ROA(5y)10.83%
ROE(3y)16.25%
ROE(5y)21.06%
ROIC(3y)8.46%
ROIC(5y)11.22%
ROICexc(3y)9.07%
ROICexc(5y)12.26%
ROICexgc(3y)9.07%
ROICexgc(5y)12.26%
ROCE(3y)12.95%
ROCE(5y)17.16%
ROICexgc growth 3Y-32.41%
ROICexgc growth 5YN/A
ROICexc growth 3Y-32.41%
ROICexc growth 5YN/A
OM growth 3Y-16.11%
OM growth 5YN/A
PM growth 3Y-17.12%
PM growth 5YN/A
GM growth 3Y-2.28%
GM growth 5Y5.66%
F-Score7
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 3.24
Debt/EBITDA 0.97
Cap/Depr 109.16%
Cap/Sales 21.3%
Interest Coverage 15.29
Cash Conversion 85.8%
Profit Quality 90.98%
Current Ratio 1.3
Quick Ratio 1.14
Altman-Z 3.16
F-Score7
WACC7.9%
ROIC/WACC0.87
Cap/Depr(3y)123.8%
Cap/Depr(5y)116.13%
Cap/Sales(3y)21.16%
Cap/Sales(5y)17.61%
Profit Quality(3y)85.88%
Profit Quality(5y)99.99%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.98%
EPS 3Y-23.08%
EPS 5YN/A
EPS Q2Q%-48.48%
EPS Next Y-19.7%
EPS Next 2Y3.68%
EPS Next 3Y10.63%
EPS Next 5Y14.15%
Revenue 1Y (TTM)7.67%
Revenue growth 3Y-9.11%
Revenue growth 5Y25.7%
Sales Q2Q%-3.75%
Revenue Next Year-8.6%
Revenue Next 2Y-1.36%
Revenue Next 3Y2.69%
Revenue Next 5Y4.7%
EBIT growth 1Y-10.34%
EBIT growth 3Y-23.75%
EBIT growth 5YN/A
EBIT Next Year67.81%
EBIT Next 3Y26.14%
EBIT Next 5Y18.2%
FCF growth 1Y-9.53%
FCF growth 3Y-26.38%
FCF growth 5Y142.15%
OCF growth 1Y-1.63%
OCF growth 3Y-11.25%
OCF growth 5Y32.75%

CONOCOPHILLIPS / COP FAQ

What is the ChartMill fundamental rating of CONOCOPHILLIPS (COP) stock?

ChartMill assigns a fundamental rating of 5 / 10 to COP.


Can you provide the valuation status for CONOCOPHILLIPS?

ChartMill assigns a valuation rating of 2 / 10 to CONOCOPHILLIPS (COP). This can be considered as Overvalued.


How profitable is CONOCOPHILLIPS (COP) stock?

CONOCOPHILLIPS (COP) has a profitability rating of 5 / 10.


What is the earnings growth outlook for CONOCOPHILLIPS?

The Earnings per Share (EPS) of CONOCOPHILLIPS (COP) is expected to decline by -19.7% in the next year.


Can you provide the dividend sustainability for COP stock?

The dividend rating of CONOCOPHILLIPS (COP) is 5 / 10 and the dividend payout ratio is 50.18%.