ValueScreener

ValueScreener company report

ConocoPhillips (COP)

NYSE / Energy / Oil & Gas Exploration & Production

Share price

141.73 USD Market dataClose of Oct 15, 2026

Market capitalisation

170.30B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 17, 2026
Ratios computed
Oct 15, 2026
Filed years
11, FY2015 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

10.5% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

22.28x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Dividend yield

2.4% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 24.36B USDFY2016 Net income: -3.62B USDFY2017 Revenue: 32.58B USDFY2017 Net income: -855.0M USDFY2018 Revenue: 38.73B USDFY2018 Net income: 6.26B USDFY2019 Revenue: 36.67B USDFY2019 Net income: 7.19B USDFY2020 Revenue: 18.78B USDFY2020 Net income: -2.70B USDFY2021 Revenue: 45.83B USDFY2021 Net income: 8.08B USDFY2022 Revenue: 78.49B USDFY2022 Net income: 18.68B USDFY2023 Revenue: 56.14B USDFY2023 Net income: 10.96B USDFY2024 Revenue: 54.74B USDFY2024 Net income: 9.24B USDFY2025 Revenue: 58.94B USDFY2025 Net income: 7.99B USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
3 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 22.28x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Oil & Gas Exploration & Production industry (48 companies), 22.28x sits at the 70th percentile; the middle half of that group runs from 10.64x to 25.81x.

Is it good

Return on invested capital was 10.5% in FY2025, in the band labelled "Around the cost of capital" (8.0% to 12.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Energy sector (108 companies), 10.5% sits at the 68th percentile; the middle half of that group runs from 2.6% to 11.9%.

Is it safe

Debt to equity was 0.39 in FY2025, in the band labelled "Conservative" (below 0.50), on lines anchored on Graham's defensive-investor criteria, suggesting a balance sheet that relies little on borrowing.

Today, against the Oil & Gas Exploration & Production industry (34 companies), 0.39 sits at the 46th percentile; the middle half of that group runs from 0.26 to 0.73.

Year by year against peers
Whether ConocoPhillips's return on invested capital stayed above the median of the Energy sector, year by year. (FY2021 to FY2025, 5 fiscal years of ConocoPhillips with a comparable figure)
The direction
Which way ConocoPhillips's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of ConocoPhillips)
What could explain it
What in ConocoPhillips's filed statements could explain the movements. (6 readings drawn from the statement lines ConocoPhillips filed)
What to check next
What to check next on ConocoPhillips, and where in its filings. (5 questions for ConocoPhillips)
In one paragraph
One paragraph on ConocoPhillips's returns, cash, balance sheet and price. (9 of sixteen figures read for ConocoPhillips)

These are COP’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research COPPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 17, 2026, accession 0001163165-26-000009.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

ConocoPhillips: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax10.5% ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Return on equity12.4% ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Return on assets6.5% ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Gross margin62.1% ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Net margin13.6% ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
COP 13.6%
OXY 11.0%DVN 15.4%EOG 22.0%WDS 20.9%CNQ 27.9%
11.0%27.9%
Net margin: COP against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

ConocoPhillips: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.39 ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Current ratio1.30 ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Quick ratio1.14 ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Net debt18.21B ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Total assets 121.94BTotal liabilities 57.45BShareholders' equity 64.49BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What ConocoPhillips owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 17, 2026, 0001163165-26-000009).

ConocoPhillips: balance sheet position
Total assets121.94B FiledFY2025 10-K, filed Feb 17, 2026
Total liabilities57.45B FiledFY2025 10-K, filed Feb 17, 2026
Shareholders' equity64.49B FiledFY2025 10-K, filed Feb 17, 2026
Cash6.98B FiledFY2025 10-K, filed Feb 17, 2026
Total debt25.20B FiledFY2025 10-K, filed Feb 17, 2026
Net debt18.21B
Current ratio1.30
Debt to equity0.39
  • Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

ConocoPhillips: what the market charges, each with its source
FigureValue, source and document
Price to earnings22.28x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
P/E on trailing twelve months18.61x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book2.75x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Price to sales3.01x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Enterprise value to EBIT14.20x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Diluted earnings per share6.35 USD FiledFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Graham number85.80 USD ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009

We publish no fair value or price target of our own. Value COP on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for ConocoPhillips today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

ConocoPhillips: valuation
Share price141.73 USD
Market capitalisation170.30B USD
Enterprise value to EBITDAn/a
Graham number85.80 USD
Diluted earnings per share, FY20256.35 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 3.54x, median 12.42x, high 66.98x, latest 18.61x. 1,872 trading days with a meaningful ratio, 649 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like ConocoPhillips

  1. Occidental Petroleum Corporation (OXY)Market cap 60.65B USD
  2. Devon Energy Corporation (DVN)Market cap 54.16B USD
  3. EOG Resources, Inc. (EOG)Market cap 80.05B USD
  4. Woodside Energy Group Ltd (WDS)Market cap 44.13B USD
  5. Canadian Natural Resources Limited (CNQ)Market cap 107.10B USD

Same industry (Oil & Gas Exploration & Production) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

ConocoPhillips: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Free cash flow
Why n/a

The FY2025 filing carries no free cash flow we could read.

n/a ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Free cash flow margin
Why n/a

No free cash flow, and no operating cash flow and capital expenditure pair, is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Dividend yield2.4% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Payout ratio50.0% ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
FY2016 Free cash flow: -466.0M USDFY2016 Net income: -3.62B USDFY2017 Free cash flow: 2.49B USDFY2017 Net income: -855.0M USDFY2018 Free cash flow: 6.18B USDFY2018 Net income: 6.26B USDFY2019 Free cash flow: 4.47B USDFY2019 Net income: 7.19B USDFY2020 Free cash flow: 87.0M USDFY2020 Net income: -2.70B USDFY2021 Free cash flow: 11.67B USDFY2021 Net income: 8.08B USDFY2022 Free cash flow: 18.16B USDFY2022 Net income: 18.68B USDFY2023 Net income: 10.96B USDFY2024 Net income: 9.24B USDFY2025 Net income: 7.99B USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

ConocoPhillips: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
22.28xFY2025Oct 15, 2026
2.75xFY2025Oct 15, 2026
14.20xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports neither free cash flow nor the operating cash flow and capital spending it is built from.
10.5%FY2025Feb 17, 2026
2.4%FY2025Oct 15, 2026
0.39FY2025Feb 17, 2026
1.30FY2025Feb 17, 2026
3.01xFY2025Oct 15, 2026
n/aFY2025Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
n/aFY2025Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.82FY2025Feb 17, 2026
6/9FY2025Feb 17, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 11 filed fiscal years on record, FY2015 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports ConocoPhillips filed with the SEC. Each year names its filing. Amounts in USD, as filed.

ConocoPhillips: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202558.94B13.83B7.99B6.35n/an/a12.4%10-K, Feb 17, 20260001163165-26-000009
FY202454.74B14.61B9.24B7.81n/an/a14.3%10-K, Feb 18, 20250001163165-25-000012
FY202356.14B17.11B10.96B9.06n/an/a22.2%10-K, Feb 15, 20240001163165-24-000010
FY202278.49B29.02B18.68B14.5718.16Bn/a38.9%10-K, Feb 16, 20230001163165-23-000006
FY202145.83B13.60B8.08B6.0711.67Bn/a17.8%10-K, Feb 17, 20220001562762-22-000031
FY202018.78B-2.35B-2.70B-2.5187.0Mn/a-9.1%10-K, Feb 16, 20210001562762-21-000027
FY201936.67B10.32B7.19B6.404.47Bn/a20.6%10-K, Feb 18, 20200001193125-20-039954
FY201838.73B10.81B6.26B5.326.18Bn/a19.6%10-K, Feb 19, 20190001193125-19-043841
FY201732.58B-1.50B-855.0M-0.702.49Bn/a-2.8%10-K, Feb 20, 20180001193125-18-049729
FY201624.36B-4.25B-3.62B-2.91-466.0Mn/a-10.3%10-K, Feb 21, 20170001193125-17-050077
  • Revenue, compound annual growth FY2016 to FY2025: 10.3%
  • Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow: Free cash flow was not positive in both 2016 and 2022, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

ConocoPhillips: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.82 ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Piotroski F-score6/9 ComputedFY2025 10-K, filed Feb 17, 2026, 0001163165-26-000009
Named tests met3 of 30 Computed
Beta0.19 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 3 met, 24 not met, 3 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Low beta, profitable; ROIC at or above WACC; Owner earnings yield
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
EV/EBITDA and coverage; Cash-covered dividend; Cash-flow yield and ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(8)
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • Free Cash Flow Yield: We do not hold this figure for this company, so there is nothing to show.
  • Capex To Ocf: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 8 figures could not be read on this company, among them Altman Z-Score, PEG Ratio, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 3 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolioHow this is computed

No card. 30 free days, and nothing is charged unless you choose a plan.

Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

Site map

Apps

  • Android app coming soon
  • iPhone app coming soon
ValueScreener

Discover companies, research each one to its filings, track what matters, and take your work into your own spreadsheet.

ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.

With your permission, Google Analytics, Microsoft Clarity and HubSpot set cookies to measure how this site and the product are used, including recordings of sessions. Nothing is set unless you allow it. Privacy policy