ConocoPhillips
- Open
- 132.78
- Day high
- 134.28
- Day low
- 131.10
- Prev close
- 130.35
- Volume
- 8.5M
- Mkt cap
- $159.2B
- P/E (TTM)
- 17.5
- EPS (TTM)
- $7.56
- P/B
- 2.4
- P/S
- 2.5
- Yield
- 2.54%
- Per share
- $3.36
- ▼Insiders net selling -$235K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
ConocoPhillips (COP) is a Energy company listed on NYSE. The stock is up 33% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 36 published research articles covering COP.
ConocoPhillips (COP) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
COP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 6, 2026 | $2.86 | $3.24 | +13.1% | $19.5B | +5.2% |
| Apr 30, 2026 | $1.72 | $1.89 | +9.9% | $16.1B | +2.2% |
| Feb 5, 2026 | $1.08 | $1.02 | -5.8% | $13.3B | -5.0% |
| Nov 6, 2025 | $1.41 | $1.61 | +14.0% | $15.0B | +3.1% |
| Aug 7, 2025 | $1.36 | $1.42 | +4.4% | $14.0B | -4.6% |
| May 8, 2025 | $2.04 | $2.09 | +2.2% | $16.5B | +1.6% |
| Feb 6, 2025 | $1.79 | $1.98 | +10.7% | $14.2B | -1.2% |
| Oct 31, 2024 | $1.64 | $1.78 | +8.4% | $13.6B | -2.0% |
| Aug 1, 2024 | $1.95 | $1.98 | +1.8% | $13.6B | -7.3% |
| May 2, 2024 | $2.03 | $2.03 | +0.0% | $13.8B | -6.0% |
| Feb 8, 2024 | $2.09 | $2.40 | +15.1% | $14.6B | -3.2% |
| Nov 2, 2023 | $2.11 | $2.16 | +2.6% | $14.3B | -6.4% |
COP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | NIBLOCK ROBERT Adirector | Grant | 322 | — |
| Jun 10, 2026 | Mulligan Sharmiladirector | Sell | 1,974 | $119.00 |
| Apr 17, 2026 | McRaven William H.director | Option | 2,230 | — |
| Apr 17, 2026 | LEACH TIMOTHY Adirector | Option | 2,230 | — |
| Mar 31, 2026 | Lance Ryan Michaeldirector, officer: Chairman and CEO | Sell | 113,221 | $132.71 |
| Mar 25, 2026 | Rose Kelly Brunettiofficer: SVP & General Counsel | Sell | 7,700 | $130.03 |
| Mar 23, 2026 | Lance Ryan Michaeldirector, officer: Chairman and CEO | Option | 506,800 | $49.76 |
| Mar 23, 2026 | Olds Nicholas Gofficer: Executive Vice President | Sell | 6,994 | $127.06 |
| Mar 23, 2026 | Lance Ryan Michaeldirector, officer: Chairman and CEO | Sell | 506,800 | $127.26 |
| Mar 17, 2026 | NIBLOCK ROBERT Adirector | Grant | 298 | — |
| Mar 16, 2026 | Hrap Heather G.officer: Senior Vice President | Sell | 2,654 | $119.68 |
| Mar 16, 2026 | Olds Nicholas Gofficer: Executive Vice President | Sell | 14,522 | $119.36 |
| Mar 16, 2026 | LUNDQUIST ANDREW Dofficer: Senior Vice President | Sell | 34,500 | $119.68 |
| Mar 16, 2026 | LUNDQUIST ANDREW Dofficer: Senior Vice President | Option | 34,500 | $49.76 |
| Mar 13, 2026 | HAYNES WELSH KONTESSA Sofficer: VP & Controller | Sell | 10,339 | $120.07 |
Source: COP SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full COP insider & 13F page →COP research & analysis
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CVXDNOPFGUKYFCan Energy Stocks Hold Gains as Middle East Ceasefire Hopes Strip Geopolitical Premium?
Last week's S&P 500 rally on Middle East ceasefire hopes creates a tactical mispricing in energy stocks. While XLE participated in the broad market advance, the de-escalation narrative removes the geopolitical premium that had been supporting energy valuations, setting up 5-10% underperformance versus the S&P 500 over 30 days as the conflict bid unwinds.
XLEXLFXLIIran Hormuz Tolls Threaten 20% of Oil Supply — XOM and CVX Top Winners as Asia Pivots
Iran's threatened Hormuz tolls on 20% of global oil flows are accelerating Asia's pivot to US exporters via barter deals. XOM and CVX top the winners with massive FCF and production ramps, while COP and refiners like MPC follow. Ranked conviction favors integrated upstream leaders amid tightening supply.
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XOMCVXOXYGoldman Sachs Natural Gas Warning: EQT Up 73%, But SO Faces Margin Squeeze
Goldman Sachs' supply crunch warning spotlights natgas winners like EQT and COP for production gains, midstream KMI/WMB for volumes, versus utility loser SO facing fuel cost pain. Backed by FY2025 financials showing EQT's 73% revenue surge and strong FCF across winners.
CVXEQTKMIXLE Holds Firm as US-Iran Talks Fail — Oil Could Hit $120 and These Stocks Benefit
Faltering US-Iran ceasefire talks triggered a Gulf stock selloff amid escalation fears, but XLE holds resilient on high oil prices. Geopolitical risks could drive crude to $120+, boosting the ETF's top holdings like XOM and CVX. Bullish on XLE at current valuations amid skewed odds for higher oil.
XLEXOMCVXIran Asset Unfreeze Flips the Energy Trade — Refiners VLO and MPC Beat XOM and CVX
The U.S. release of frozen Iranian assets signals potential oil price relief, favoring refiners like VLO and MPC over upstream giants XOM, CVX, OXY, and COP in an energy paradox. Upstream has surged on conflict fears, but de-escalation exposes margin squeezes. Ranked picks highlight refiner upside at attractive valuations.
XOMCVXOXYStrait of Hormuz Risk Escalates: FRO Freight Rates Surge While XOM and CVX Face Headwinds
Trump's April 9 Truth Social post warning Iran over Hormuz tanker fees escalates shipping risks, poised to boost FRO's freight rates while testing XOM/CVX margins amid strong FY2025 financials. Tankers lead upside; majors resilient via integration.
XOMCVXFROXOM, CVX, COP: $23B+ FCF Windfall Ahead as Iran Attack Tightens Oil Supply
Iran's April 9 attack on Saudi oil infrastructure tightens global supply, favoring XOM, CVX, and COP's low-cost U.S. assets amid $110 oil. Strong FY2025 FCF ($23B+ each) and undervalued multiples position them for EPS surges, despite ME disruptions.
XOMCVXUSOCrude Oil Tops $110 After Iran Strikes Saudi Pipelines — XOM, CVX, COP Up 25%+ YTD
Iran's April 9 strikes on Saudi oil infrastructure cut output, spiking crude above $110 and boosting USO, XOM, CVX, COP amid supply fears. Majors' low-debt profiles and growth pipelines position them for FCF windfalls, with YTD gains over 25% and resilient guidance.
USOXOMCVXStrait of Hormuz: Iran's 15-Ship Cap Threatens 20% of Global Crude — FRO, XOM, CVX in Focus
Iran's April 9 threat to limit Strait of Hormuz to 15 ships/day risks choking 20% of global crude, potentially surging tanker rates for FRO and oil prices for XOM, CVX, COP. Stocks rebounded slightly amid volatility, backed by strong FY2025 FCF and low leverage. Bullish on energy disruption premium.
XOMCVXFROCVX Multi-Billion Impairment Warning: Why XOM and COP May Still Be Buys
Chevron's multi-billion Middle East impairment warning highlights Q1 2026 earnings risks from regional disruptions, echoed by XOM's quantified hits. Yet CVX, XOM, and COP boast fortress balance sheets, low leverage, and US shale buffers—positioning them to thrive if volatility lifts oil prices. Buy the dip for resilient FCF and production growth.
CVXXOMHormuz Blockade: COP, XOM Surge as VLO Eyes Margin Windfall — WMT Holds Firm
US Hormuz blockade announcement on April 12, 2026, propelled oil over $100/bbl, favoring upstream leaders like COP and XOM while WMT and UNP showcase resilience. Energy stocks rally amid a severed historical correlation, with refiners like VLO poised for margin expansion. Ranked picks prioritize pure-play exposure at attractive multiples.
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Two supertankers U-turned in the Strait of Hormuz on April 12, 2026, amid US-Iran talks collapse, heightening risks for 20% of global crude flows. This boosts FRO's freight prospects (YTD +55%, low breakevens) while pressuring XOM/CVX's ME-exposed production (20% for XOM). Bullish tankers, cautious majors ahead of Q1 impacts.
XOMCVXFROLNG Stocks to Watch as Asia-Pacific Demand Surges — WDS, COP, CVX Ranked
Australia's reliance on LNG exports amid volatility spotlights US-listed winners like WDS and COP with direct Asia-Pacific ties. The article analyzes six firms' exposure, financials, and ranks conviction amid rising demand.
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China and Pakistan's joint peace initiative for an Iran ceasefire and Strait of Hormuz reopening offers a de-risking catalyst for crude supply chains. Majors like XOM, CVX, and COP show fortress balance sheets with 20-40% margins and $40B+ FCF, resilient to price swings. Investors should view this as a stabilization tailwind, favoring integrated producers over pure upstream amid ongoing tensions.
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Strait of Hormuz closure from Iran conflict spikes crude into backwardation, boosting oil producers like COP, XOM, and CVX while slamming DAL, UPS, and F. COP tops conviction for pure upstream exposure; Ford ranks worst on ICE demand hit.
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USOXOMCVX
ConocoPhillips company profile
Overview
ConocoPhillips (NYSE:COP) is one of the world's largest independent oil and gas exploration and production companies, founded in 1917 and headquartered in Houston, Texas. The company was formed through the merger of Conoco Inc. and Phillips Petroleum Company in 2002, creating a major integrated energy company that later spun off its refining and marketing operations in 2012 to focus exclusively on upstream oil and gas activities. Today, ConocoPhillips operates as a pure-play exploration and production company with a diversified global portfolio spanning North America's unconventional shale plays, conventional oil and gas fields worldwide, and liquefied natural gas (LNG) developments.
Business
ConocoPhillips operates in the upstream oil and gas industry, which involves exploring for, drilling, and producing crude oil, natural gas, and related hydrocarbon products from underground reservoirs. The upstream sector is the first stage of the oil and gas value chain, occurring before refining (downstream) and transportation/marketing (midstream) activities. The company's operations can be divided into several key segments: Lower 48 Operations (approximately 60% of total production): This segment focuses on unconventional oil and gas production from shale formations across the United States. The primary assets include the Permian Basin in Texas and New Mexico (producing around 800,000 barrels per day), the Eagle Ford shale in South Texas (300,000 barrels per day), and the Bakken formation in North Dakota (200,000 barrels per day). These unconventional plays require hydraulic fracturing ("fracking") technology to extract oil and gas from tight rock formations. Alaska Operations (approximately 25% of total production): ConocoPhillips is a major operator in Alaska's North Slope, producing from mature conventional oil fields. The company is also developing the Willow Project, a significant new oil development expected to produce first oil in 2029 and generate substantial long-term cash flows. International Conventional Assets (approximately 15% of total production): The company operates conventional oil and gas fields in Norway, the United Kingdom, Canada, Australia, and other international locations. These assets typically have lower decline rates than unconventional wells but require different operational expertise. Liquefied Natural Gas (LNG): ConocoPhillips has a growing LNG portfolio, including ownership stakes in the Australia Pacific LNG (APLNG) project and participation in Qatar's North Field East expansion. LNG involves cooling natural gas to liquid form for efficient transportation to global markets, particularly in Asia and Europe where demand is growing. Oil Sands: The company operates the Surmont oil sands project in Canada, which extracts heavy crude oil from tar sands using steam-assisted gravity drainage technology.
Revenue model
ConocoPhillips generates revenue primarily through commodity sales - selling crude oil, natural gas, and natural gas liquids (NGLs) at prevailing market prices. The company's business model is relatively straightforward: extract hydrocarbons from the ground and sell them to refiners, utilities, and other buyers through long-term contracts or spot market transactions. The company's revenue streams include: 1. Crude Oil Sales (approximately 52-53% of production volumes): Oil is typically sold at prices linked to benchmark crude oil prices like West Texas Intermediate (WTI) or Brent, minus transportation and quality differentials. 2. Natural Gas Sales: Natural gas is sold at regional pricing hubs, with prices varying significantly by location due to pipeline constraints and local supply-demand dynamics. 3. Natural Gas Liquids (NGLs): These include ethane, propane, and butane, which are extracted from natural gas streams and sold separately, often at prices linked to oil or specific chemical feedstock markets. 4. LNG Sales: Long-term contracts typically spanning 15-20 years with fixed volumes and prices linked to oil benchmarks or regional gas indices, providing more predictable cash flows than spot commodity sales. Several factors significantly impact ConocoPhillips' profitability margins. Commodity price volatility is the primary driver, as oil and gas prices can fluctuate dramatically based on global supply-demand dynamics, geopolitical events, and economic conditions. Operational efficiency improvements, particularly in unconventional drilling and completion techniques, can reduce per-unit production costs and improve margins. Transportation costs and infrastructure constraints, especially for natural gas in areas like the Permian Basin, can create pricing differentials that compress margins. Regulatory changes affecting drilling permits, environmental compliance, or carbon pricing can increase operational costs. Service cost inflation during industry upturns can pressure margins, while deflation during downturns can improve them. Finally, currency fluctuations affect international operations, as oil is priced in US dollars while some costs are incurred in local currencies.
Competitive moat
ConocoPhillips possesses a moderate competitive moat built primarily on its large-scale, low-cost resource base and operational expertise, though the commodity nature of its products limits pricing power. The company's primary competitive advantages include its extensive low-cost supply inventory, with management claiming decades of drilling locations at breakeven costs below $40 per barrel WTI. This cost advantage is particularly strong in the Permian Basin, where the company has achieved significant operational efficiencies through technological improvements and scale. The geographic diversification across multiple basins and countries provides some protection against regional downturns and allows capital allocation flexibility. ConocoPhillips also benefits from operational scale and expertise, particularly in unconventional drilling techniques and Arctic operations, which creates barriers for smaller competitors. The company's financial strength and disciplined capital allocation provide competitive advantages during industry downturns, allowing it to maintain operations and potentially acquire distressed assets while competitors struggle. The growing LNG portfolio offers some differentiation through long-term contracts that provide more stable cash flows compared to volatile spot commodity markets. However, the moat faces significant challenges. The commodity nature of oil and gas means ConocoPhillips cannot command premium pricing and remains subject to volatile market cycles. Technological advancement in the industry is rapidly democratizing, with drilling and completion techniques becoming widely available, potentially eroding operational advantages. Resource depletion is an inherent challenge, as oil and gas reserves are finite and require continuous investment in new drilling to maintain production levels. The energy transition poses a long-term threat as renewable energy costs decline and environmental regulations tighten, potentially reducing long-term demand for fossil fuels. Additionally, regulatory and environmental risks continue to increase, potentially limiting access to resources or increasing compliance costs. The competitive landscape includes both large integrated oil companies and independent producers, with consolidation trends potentially creating larger, more efficient competitors. While ConocoPhillips' focus on low-cost supply provides some defensive characteristics, the overall moat strength is moderate and faces increasing pressure from both industry dynamics and the broader energy transition.
Risks & safety
ConocoPhillips demonstrates a strong margin of safety with solid financial metrics and conservative capital structure, though commodity price volatility creates inherent risks. Liquidity and Solvency: • Cash and short-term investments: $6.3 billion (Q1 2025) • Current ratio: 1.27, indicating adequate short-term liquidity • Debt-to-equity ratio: 0.36, representing conservative leverage • Strong free cash flow generation: $6.1 billion in Q1 2025 • No significant near-term debt maturities creating refinancing risk Valuation Metrics: • Price-to-earnings ratio: 11.7x (Q1 2025), below historical energy sector averages • EV/EBITDA: 5.1x, indicating reasonable valuation relative to cash generation • Price-to-book ratio: 2.0x, reflecting asset-heavy business model • Return on equity: 4.4% (Q1 2025), though cyclically depressed from recent highs Other Considerations: • Committed shareholder return policy of 45% of cash flow from operations provides downside protection • Diversified production base reduces single-asset concentration risk • Breakeven costs in low-$30s WTI range provide buffer against price declines • Strong operational cash flow generation across commodity cycles • However, inherent commodity price volatility creates earnings unpredictability
Recent development
Over the past few years, ConocoPhillips has executed several strategic initiatives to strengthen its competitive position and optimize its portfolio. The most significant development was the acquisition of Marathon Oil in late 2024, which the company completed ahead of schedule and doubled initial synergy targets to $1 billion in run-rate savings by end of 2025. This acquisition significantly expanded ConocoPhillips' presence in key unconventional basins, particularly the Eagle Ford and Bakken formations. The company has aggressively pursued a global LNG strategy, securing approximately 6 million tons per annum of LNG offtake agreements with targets to reach 10-15 million tons annually. Key developments include participation in Qatar's North Field East project, finalization of Port Arthur LNG Phase 1, and securing offtake agreements across Europe, Asia, and Mexico. This strategy represents a shift toward more stable, contract-based revenue streams compared to volatile spot commodity sales. Operational efficiency improvements have been a consistent focus, with the company achieving record production levels while reducing capital spending guidance. In 2025, management reduced capital expenditure guidance by $500 million and operating cost guidance by $200 million while maintaining production growth targets. The company has also implemented advanced drilling and completion techniques across its unconventional portfolio, achieving significant cost reductions per barrel of oil equivalent. The Willow Project in Alaska represents the company's largest long-cycle development, with first oil expected in 2029. The project completed its peak winter construction season in 2025 and is progressing on schedule, expected to generate $3.5 billion in incremental cash flow at current commodity prices. ConocoPhillips has also strengthened its capital return framework, committing to return 45% of cash flow from operations to shareholders through a combination of dividends and share repurchases. The company increased its ordinary dividend by 34% in 2024 and has consistently returned significant capital to shareholders, targeting $10 billion in returns for 2025.
COP company profile · for informational purposes only — not investment advice.
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