ConocoPhillips
COP—
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ConocoPhillips AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin TTM 21% vs industry median 2.6% - 8x advantage reflects low-cost basin positioning and scale[Operating Margin TTM]
- Capex of 12.8B TTM (21% of revenue) vs FCF of 7.1B - heavy reinvestment cycle constrains shareholder returns[Capital Expenditure TTM]
- Revenue +15% 1Y growth vs industry median -8% - gaining share while peers contract[Total Revenue 1Y Growth]
Watch Triggers
- Capital Expenditure TTM: Falls below 10B annually — Signals integration complete and FCF inflection - could unlock 10B+ annual FCF
- Operating Margin TTM: Drops below 15% — Would indicate cost advantage eroding or commodity price collapse
- Debt to Equity: Rises above 0.50 — Current 0.36 is conservative; increase signals balance sheet stress
Bull Case
Best-in-class margins (21% operating vs 2.6% median) with 11.3% ROIC demonstrate structural cost advantage across commodity cycles
Operating Margin TTMROIC TTM
Revenue growing 15% YoY while industry contracts 8% - scale acquisitions consolidating market share at cycle trough
Total Revenue 1Y GrowthTotal Revenue TTM
Bear Case
P/S ratio 1.94x vs industry median 0.44x - priced at 4.4x peers despite commodity exposure and cycle risk
P/S RatioP/E Ratio
Capex 12.8B absorbs 64% of operating cash flow (19.9B) - limited FCF flexibility if oil prices decline
Capital Expenditure TTMCash Flow TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
FCF yield to expand as Marathon integration completes and capex normalizes to 8-10B range
1-3ymed
- Marathon synergies targeting $1B+ annual savings
- Permian/Alaska production ramp reduces per-barrel costs
- Capex intensity declining post-integration
Current FCF 7.1B on 12.8B capex (TTM)ROIC 11.3% exceeds industry median 3.7%Debt/equity 0.36 provides flexibility
Valuation Context
Caveats
Public Strategies Rankings
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COP Fundamentals
Manufacturing → Petroleum and Coal Products Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$161.01B | — | ||
$177.96B | — | ||
21 | — | ||
$58.94B | +7.7% | — | |
$6.35 | -23.0% | — | |
19.2% | -4.1% | — | |
13.6% | -3.3% | — | |
$7.24B | -9.5% | — | |
12.4% | -3.9% | — | |
Beta 5Y (Monthly) | unknown | — |
COP Dividend History
113 dividends
2026
$0.840002/18/26$0.8400
2025
$3.180011/17/25$0.8400
08/18/25$0.7800
05/19/25$0.7800
02/14/25$0.7800
2024
$3.120011/08/24$0.7800
08/12/24$0.7800
05/10/24$0.7800
02/15/24$0.7800
2023
$3.910011/13/23$0.5800
09/27/23$0.6000
08/15/23$0.5100
06/26/23$0.6000
05/15/23$0.5100
03/28/23$0.6000
02/13/23$0.5100
2022
$4.990012/23/22$0.7000
11/14/22$0.5100
09/28/22$1.4000
08/15/22$0.4600
06/27/22$0.7000
05/16/22$0.4600
03/30/22$0.3000
02/11/22$0.4600
2021
$1.950012/31/21$0.2000
10/27/21$0.4600
07/23/21$0.4300
05/13/21$0.4300
02/11/21$0.4300
2020
$1.690010/16/20$0.4300
07/17/20$0.4200
05/08/20$0.4200
02/13/20$0.4200
2019
$1.335010/16/19$0.4200
07/19/19$0.3050
05/10/19$0.3050
02/08/19$0.3050
2018
$1.160010/12/18$0.3050
07/20/18$0.2850
05/11/18$0.2850
02/09/18$0.2850
2017
$1.060010/13/17$0.2650
07/20/17$0.2650
05/11/17$0.2650
02/10/17$0.2650
2016
$1.000010/13/16$0.2500
07/21/16$0.2500
05/18/16$0.2500
02/11/16$0.2500
2015
$2.940010/15/15$0.7400
07/23/15$0.7400
05/20/15$0.7300
02/12/15$0.7300
2014
$2.840010/09/14$0.7300
07/17/14$0.7300
05/21/14$0.6900
02/13/14$0.6900
2013
$2.700010/10/13$0.6900
07/18/13$0.6900
05/22/13$0.6600
02/14/13$0.6600
2012
$2.640010/11/12$0.6600
07/19/12$0.6600
05/17/12$0.6600
02/16/12$0.6600
2011
$2.640010/13/11$0.6600
07/21/11$0.6600
05/19/11$0.6600
02/17/11$0.6600
2010
$2.150010/27/10$0.5500
07/29/10$0.5500
05/20/10$0.5500
02/18/10$0.5000
2009
$1.910010/28/09$0.5000
07/29/09$0.4700
05/21/09$0.4700
02/19/09$0.4700
2008
$1.880010/29/08$0.4700
07/29/08$0.4700
05/22/08$0.4700
02/21/08$0.4700
2007
$1.640010/29/07$0.4100
07/27/07$0.4100
05/17/07$0.4100
02/15/07$0.4100
2006
$1.440010/27/06$0.3600
07/27/06$0.3600
05/18/06$0.3600
02/16/06$0.3600
2005
$1.180010/27/05$0.3100
07/27/05$0.3100
05/12/05$0.3100
02/11/05$0.2500
2004
$0.895010/27/04$0.2500
07/28/04$0.2150
05/13/04$0.2150
02/18/04$0.2150
2003
$0.815010/29/03$0.2150
07/29/03$0.2000
04/28/03$0.2000
02/18/03$0.2000
2002
$0.740010/31/02$0.2000
08/07/02$0.1800
04/26/02$0.1800
02/19/02$0.1800
2001
$0.700010/29/01$0.1800
07/26/01$0.1800
04/26/01$0.1700
02/16/01$0.1700
2000
$0.680010/26/00$0.1700
07/27/00$0.1700
04/27/00$0.1700
02/16/00$0.1700
COP Stock Splits
1 stock split
06/02/050.5:1 split
COP SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/17/26 | 12/31/25 | 10-K | |
11/06/25 | 09/30/25 | 10-Q | |
08/07/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
02/18/25 | 12/31/24 | 10-K | |
10/31/24 | 09/30/24 | 10-Q | |
08/01/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/15/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/16/23 | 12/31/22 | 10-K | |
11/03/22 | 09/30/22 | 10-Q | |
08/04/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/17/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/05/21 | 06/30/21 | 10-Q | |
05/06/21 | 03/31/21 | 10-Q | |
02/16/21 | 12/31/20 | 10-K | |
11/03/20 | 09/30/20 | 10-Q | |
08/04/20 | 06/30/20 | 10-Q | |
05/05/20 | 03/31/20 | 10-Q | |
02/18/20 | 12/31/19 | 10-K | |
10/31/19 | 09/30/19 | 10-Q | |
08/01/19 | 06/30/19 | 10-Q | |
05/02/19 | 03/31/19 | 10-Q | |
02/19/19 | 12/31/18 | 10-K | |
10/30/18 | 09/30/18 | 10-Q | |
07/31/18 | 06/30/18 | 10-Q | |
05/01/18 | 03/31/18 | 10-Q | |
02/20/18 | 12/31/17 | 10-K | |
10/31/17 | 09/30/17 | 10-Q | |
08/01/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/21/17 | 12/31/16 | 10-K | |
11/01/16 | 09/30/16 | 10-Q | |
08/02/16 | 06/30/16 | 10-Q | |
05/03/16 | 03/31/16 | 10-Q | |
02/23/16 | 12/31/15 | 10-K | |
11/03/15 | 09/30/15 | 10-Q | |
08/04/15 | 06/30/15 | 10-Q | |
05/05/15 | 03/31/15 | 10-Q | |
02/24/15 | 12/31/14 | 10-K | |
11/04/14 | 09/30/14 | 10-Q | |
08/05/14 | 06/30/14 | 10-Q | |
05/06/14 | 03/31/14 | 10-Q | |
02/25/14 | 12/31/13 | 10-K | |
11/05/13 | 09/30/13 | 10-Q | |
08/02/13 | 06/30/13 | 10-Q | |
04/30/13 | 03/31/13 | 10-Q | |
02/19/13 | 12/31/12 | 10-K | |
10/30/12 | 09/30/12 | 10-Q | |
07/31/12 | 06/30/12 | 10-Q | |
04/30/12 | 03/31/12 | 10-Q | |
02/21/12 | 12/31/11 | 10-K | |
11/01/11 | 09/30/11 | 10-Q | |
08/02/11 | 06/30/11 | 10-Q | |
05/03/11 | 03/31/11 | 10-Q | |
02/23/11 | 12/31/10 | 10-K | |
11/02/10 | 09/30/10 | 10-Q | |
08/05/10 | 06/30/10 | 10-Q | |
05/04/10 | 03/31/10 | 10-Q | |
02/25/10 | 12/31/09 | 10-K | |
11/03/09 | 09/30/09 | 10-Q | |
08/04/09 | 06/30/09 | 10-Q | |
04/29/09 | 03/31/09 | 10-Q | |
02/25/09 | 12/31/08 | 4 | |
10/29/08 | 09/30/08 | 4 | |
07/30/08 | 06/30/08 | 4 | |
04/30/08 | 03/30/08 | Unknown | -- |
02/22/08 | 12/31/07 | 10-K | |
11/01/07 | 09/30/07 | 10-Q | |
08/01/07 | 06/30/07 | 10-Q | |
05/03/07 | 03/30/07 | Unknown | -- |
02/23/07 | 12/31/06 | 10-K | |
11/02/06 | 09/30/06 | 10-Q | |
08/03/06 | 06/30/06 | 4 | |
05/04/06 | 03/30/06 | Unknown | -- |
02/27/06 | 12/31/05 | 5 | |
11/02/05 | 09/30/05 | 4 | |
08/03/05 | 06/30/05 | 4 | |
05/05/05 | 03/30/05 | Unknown | -- |
02/25/05 | 12/31/04 | 4 | |
11/04/04 | 09/30/04 | 4 | |
08/05/04 | 06/30/04 | 4 | |
05/07/04 | 03/31/04 | 4 | |
03/02/04 | 12/31/03 | 4 | |
11/12/03 | 09/30/03 | 4 | |
08/13/03 | 06/30/03 | 4 | |
05/13/03 | 03/30/03 | Unknown | -- |
03/26/03 | 12/31/02 | 10-K | |
11/14/02 | 09/30/02 | 10-Q | |
06/30/02 | 06/30/02 | Unknown | -- |
03/31/02 | 03/30/02 | Unknown | -- |
12/31/01 | 12/31/01 | Unknown | -- |
09/30/01 | 09/30/01 | Unknown | -- |
06/30/01 | 06/30/01 | Unknown | -- |
03/31/01 | 03/30/01 | Unknown | -- |
12/31/00 | 12/31/00 | Unknown | -- |
09/30/00 | 09/30/00 | Unknown | -- |
06/30/00 | 06/30/00 | Unknown | -- |
03/31/00 | 03/30/00 | Unknown | -- |