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ConocoPhillips COP

Morningstar Rating
$109.66 −1.21 (1.09%)
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Company Report

ConocoPhillips' Focus on Shareholder Returns Keeps Its Compelling Option Among E&Ps

Differentiating itself from peers big and small, ConocoPhillips has laid out a 10-year plan for restrained investment, steady growth, improving returns, and, importantly, returning cash to shareholders. Its strategy makes Conoco a compelling option in the energy sector, given its commitment to capital restraint and clear policy on return of cash to shareholders. Its low-cost portfolio gives it high-return investment options to grow in a rising price environment while its strong financial position keeps the dividend safe in a downcycle.

Price vs Fair Value

COP is trading at a 165% premium.
Price
$110.89
Fair Value
$446.00
Uncertainty
High
1-Star Price
$142.90
5-Star Price
$74.20
Economic Moat
Mzmbwz
Capital Allocation
Rkswlctng

Bulls Say, Bears Say

Bulls

A large position in the Permian offers low-cost liquids growth with wider margins, lower risk, and higher returns than international operations.

Bears

Conoco is investing to reduce emissions, but not to diversify its business away from hydrocarbons, potentially risking future value destruction if demand declines faster than expected.

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News

Trading Information

Previous Close Price
$110.87
Day Range
$109.12111.11
52-Week Range
$99.38135.17
Bid/Ask
$109.65 / $109.68
Market Cap
$127.63 Bil
Volume/Avg
1.9 Mil / 5.4 Mil

Key Statistics

Price/Earnings (Normalized)
13.15
Price/Sales
2.40
Dividend Yield (Trailing)
2.93%
Dividend Yield (Forward)
2.93%
Total Yield
6.84%

Company Profile

ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
Sector
Energy
Industry
Oil & Gas E&P
Stock Style Box
Large Value
Total Number of Employees
10,000

Competitors

Valuation

Metric
COP
MRO
OXY
Price/Earnings (Normalized)
13.159.8918.48
Price/Book Value
2.631.412.35
Price/Sales
2.402.582.11
Price/Cash Flow
6.384.015.22
Price/Earnings
COP
MRO
OXY

Financial Strength

Metric
COP
MRO
OXY
Quick Ratio
1.210.330.52
Current Ratio
1.430.400.95
Interest Coverage
15.946.556.61
Quick Ratio
COP
MRO
OXY

Profitability

Metric
COP
MRO
OXY
Return on Assets (Normalized)
10.84%7.49%4.28%
Return on Equity (Normalized)
20.91%13.20%14.61%
Return on Invested Capital (Normalized)
15.96%10.33%7.35%
Return on Assets
COP
MRO
OXY
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Oil & Gas E&P Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
EOG Resources Inc
EOG
KtwddqmdltNbqxds$68.4 Bil
Occidental Petroleum Corp
OXY
QrhvrhwmDxs$53.0 Bil
Hess Corp
HES
QxmnfbkgjWsxbxq$44.3 Bil
Diamondback Energy Inc
FANG
QdsrwftlsyXjsmft$33.9 Bil
Devon Energy Corp
DVN
RmzzxgrsvFsbdbjy$28.9 Bil
EQT Corp
EQT
QgnmqctnSytx$17.8 Bil
Marathon Oil Corp
MRO
SpxzzqxlLdt$15.5 Bil
APA Corp
APA
FwcdtdpzlDlrh$10.6 Bil
Antero Resources Corp
AR
TnrdgcrvXrvlb$10.6 Bil

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