ConocoPhillips is an international energy company and is considered the third largest US oil company.
P/E ratio for ConocoPhillips (COP)
P/E ratio as of June 2025 (TTM): 11.9
According to ConocoPhillips's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8885. At the end of 2024 the company had a P/E ratio of 12.7.
P/E ratio history for ConocoPhillips from 2001 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 12.7 | -0.79% |
| 2023 | 12.8 | 57.73% |
| 2022 | 8.10 | -31.85% |
| 2021 | 11.9 | -174.34% |
| 2020 | -16.0 | -258.16% |
| 2019 | 10.1 | -12.9% |
| 2018 | 11.6 | -110.36% |
| 2017 | -112 | 550.14% |
| 2016 | -17.2 | 32.11% |
| 2015 | -13.0 | -204.81% |
| 2014 | 12.4 | 30.68% |
| 2013 | 9.52 | 24.13% |
| 2012 | 7.67 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Hess HES | 19.9 | 67.06% | 🇺🇸 USA |
 Marathon Oil
MRO | 10.5 | -11.75% | 🇺🇸 USA |
 Exxon Mobil XOM | 15.0 | 26.27% | 🇺🇸 USA |
 Chevron CVX | 16.9 | 41.97% | 🇺🇸 USA |
 Devon Energy
DVN | 7.72 | -35.07% | 🇺🇸 USA |
 PetroChina 0857.HK | 6.10 | -48.71% | 🇨🇳 China |
 BP BP | -69.2 | -682.08% | 🇬🇧 UK |
 Murphy Oil
MUR | 9.53 | -19.85% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.