ConocoPhillips (COP) valuation
ConocoPhillips P/E ratio history
ConocoPhillips trades at 20.4 times its earnings over the last twelve months and 13.9 times the earnings analysts expect over the next twelve. At its last 6 fiscal year ends its P/E ranged from 8.1 (year to Dec 2022) to 14.7 (year to Dec 2025), with a median of 12.3.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $93.61 | $6.35 | 14.7 | 15.0 |
| Dec 31, 2024 | $99.17 | $7.81 | 12.7 | 12.4 |
| Dec 31, 2023 | $116.07 | $9.06 | 12.8 | 11.9 |
| Dec 31, 2022 | $118.00 | $14.57 | 8.1 | 8.9 |
| Dec 31, 2021 | $72.18 | $6.07 | 11.9 | 9.9 |
| Dec 31, 2020 | $39.99 | -$2.51 | n/m | — |
| Dec 31, 2019 | $65.03 | $6.40 | 10.2 | — |
| Dec 31, 2018 | $62.35 | — | n/m | — |
| Dec 31, 2017 | $54.89 | -$0.70 | n/m | — |
| Dec 31, 2016 | $50.14 | -$2.91 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
ConocoPhillips valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| ConocoPhillipsCOP | $188B | 20.4 | 13.9 | 2.9 |
| EOG ResourcesEOG | $88.2B | 12.9 | 9.9 | 3.3 |
| Occidental PetroleumOXY | $63.7B | 9.9 | 11.6 | 2.9 |
| Diamondback EnergyFANG | $59.7B | 40.4 | 9.9 | 3.5 |
| EQTEQT | $34.6B | 13.1 | 15.4 | 3.7 |
| Devon EnergyDVN | $32.4B | 12.4 | 10.0 | 1.7 |
| Texas Pacific LandTPL | $22.9B | 42.3 | 34.1 | 25.5 |
| Expand EnergyEXE | $21.0B | 7.8 | 10.3 | 1.5 |
| APAAPA | $18.7B | 11.2 | 9.2 | 2.2 |
| Peer median | 12.6 | 10.1 | 3.1 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: COP financials · COP returns
No forecast, no recommendation. This page describes ConocoPhillips from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.