ConocoPhillips (COP) Stock Overview
Explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
COP Community Fair Values
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Analyst Price Targets
ConocoPhillips Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$127.30 |
| 52 Week High | US$135.87 |
| 52 Week Low | US$85.57 |
| Beta | 0.12 |
| 1 Month Change | 12.80% |
| 3 Month Change | 7.00% |
| 1 Year Change | 32.77% |
| 3 Year Change | 11.04% |
| 5 Year Change | 137.81% |
| Change since IPO | 4,546.69% |
Recent News & Updates
Narrative Update • Aug 10
COP: Fair Value View Will Weigh Q2 Margins And Middle East Oil Risks
Analysts have raised the ConocoPhillips fair value estimate to $121 from $115 as they factor in recent price target increases tied to a solid Q2 update, higher profit margin expectations, and evolving views on oil market risks linked to Middle East conflict. Analyst Commentary Recent Street research on ConocoPhillips shows a mix of optimism around the stock and a clear thread of caution.Seeking Alpha • Aug 10
ConocoPhillips: A Revised Outlook Following Q2 Earnings (Rating Upgrade)
Summary ConocoPhillips is upgraded to BUY, projecting high-teen CAGR through 2029, driven by robust free cash flow and favorable commodity trends. Q2 FCF surged 75% over Q1, with YTD realized prices aligning with five-year historical averages, supporting the 'higher for longer' oil thesis. Permian natural gas headwinds are expected to ease as new pipelines come online in 2H 2026, enhancing COP's earnings resilience. Willow Project and Middle East deals diversify production, lower cost of supply, and underpin accelerated buybacks, dividend growth, and a $195–$205/share valuation range. Read the full article on Seeking AlphaAnalysis Article • Aug 09
ConocoPhillips Just Beat EPS By 6.1%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that ConocoPhillips ( NYSE:COP ) released its quarterly result to the market. The early...Recent updates
Narrative Update • Aug 10
COP: Fair Value View Will Weigh Q2 Margins And Middle East Oil Risks
Analysts have raised the ConocoPhillips fair value estimate to $121 from $115 as they factor in recent price target increases tied to a solid Q2 update, higher profit margin expectations, and evolving views on oil market risks linked to Middle East conflict. Analyst Commentary Recent Street research on ConocoPhillips shows a mix of optimism around the stock and a clear thread of caution.Seeking Alpha • Aug 10
ConocoPhillips: A Revised Outlook Following Q2 Earnings (Rating Upgrade)
Summary ConocoPhillips is upgraded to BUY, projecting high-teen CAGR through 2029, driven by robust free cash flow and favorable commodity trends. Q2 FCF surged 75% over Q1, with YTD realized prices aligning with five-year historical averages, supporting the 'higher for longer' oil thesis. Permian natural gas headwinds are expected to ease as new pipelines come online in 2H 2026, enhancing COP's earnings resilience. Willow Project and Middle East deals diversify production, lower cost of supply, and underpin accelerated buybacks, dividend growth, and a $195–$205/share valuation range. Read the full article on Seeking AlphaAnalysis Article • Aug 09
ConocoPhillips Just Beat EPS By 6.1%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that ConocoPhillips ( NYSE:COP ) released its quarterly result to the market. The early...
Narrative Update • Jul 23
COP: Iraq Reserves Expansion Is Expected To Drive Future Upside Potential
Analysts have adjusted their outlook on ConocoPhillips, with the updated fair value estimate rising from $156.00 to about $170.41 as they incorporate revised oil price assumptions, mixed changes to individual price targets, and updated expectations for revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent Street research on ConocoPhillips shows a wide range of views, but the most optimistic analysts are leaning into higher oil assumptions, tighter supply expectations, and what they see as attractive entry points after pullbacks in the stock.Narrative Update • Jul 09
COP: Fair Value View Balances Middle East Oil Swings And Syria Deal
Analysts have reset the fair value estimate for ConocoPhillips shares to $115, reflecting a mix of lower Street price targets clustered around revised oil price assumptions, modestly adjusted growth and margin expectations, and a higher implied future P/E multiple. Analyst Commentary Recent Street research on ConocoPhillips shows a more mixed tone, with several Bearish analysts trimming price targets and flagging a few pressure points that could matter for valuation and execution.
Narrative Update • Jun 25
COP: Future Cash Flows Will Track Tighter Post Conflict Middle East Oil Supply
Analysts have nudged their price expectations for ConocoPhillips higher, with the updated fair value estimate moving from $142.77 to $143.72 as they factor in tighter oil supply conditions, more supportive long term commodity price assumptions, and a series of rising Street price targets across the stock. Analyst Commentary Recent research on ConocoPhillips points to a mix of optimism about exposure to tighter oil markets and some caution around geopolitical risk and commodity price assumptions.Analysis Article • Jun 20
ConocoPhillips (COP) Stock Could Be 24.5% Undervalued on Its LNG Growth Narrative
ConocoPhillips (COP) has drawn fresh attention after recent share price moves, with the stock down 3.1% over the past day, declining 10.6% over the past month, and falling 15.1% in the past 3 months. See our latest analysis for ConocoPhillips. Looking beyond the recent pullback, ConocoPhillips has seen its share price rise 11.42% year to date, while the 1 year total shareholder return of 17.55% and 5 year total shareholder return of 110.03% point to a stronger longer term picture. If...Narrative Update • Jun 06
COP: Future Cash Flows Will Track Prolonged Middle East Oil Supply Disruptions
Analysts have nudged the ConocoPhillips fair value estimate higher to $142.77 from $140.59 as they factor in higher long term oil price assumptions, which they link to ongoing Middle East tensions and a tighter supply backdrop highlighted in recent price target revisions across the sector. Analyst Commentary Recent research on ConocoPhillips points to a cluster of price target increases tied to higher oil price assumptions, tighter crude balances and changing views on refining margins and gas pricing.Narrative Update • May 09
COP: Future Cash Flows Will Track Elevated Middle East Oil Price Risks
Analysts have raised the ConocoPhillips fair value estimate by about $2.59 to $140.59. This reflects a series of higher price targets from major firms that are tying their views to updated oil price assumptions, geopolitical risk premiums, and modestly adjusted long term growth and margin expectations.Narrative Update • Apr 24
COP: Future Cash Flows Will Reflect Middle East Risks And Portfolio Moves
Analysts have raised ConocoPhillips’ fair value estimate from $131.52 to $138.00. This change reflects updated expectations for revenue growth, profit margins, and a modestly lower assumed future P/E multiple, following a series of higher Street price targets tied to revised oil price assumptions and geopolitical risk.New Narrative • Apr 23
Future LNG And Shale Execution Risks Will Pressure Cash Generation
Catalysts About ConocoPhillips ConocoPhillips is a global exploration and production company focused on oil, natural gas and LNG projects across the Lower 48 U.S. states, Alaska and international assets. What are the underlying business or industry changes driving this perspective?Narrative Update • Apr 09
COP: Future Cash Flows Will Reflect Geopolitical Oil Risk And Cash Returns
Analysts have nudged the fair value estimate for ConocoPhillips higher to $131.52 from $128.29 as widespread price target increases reflect updated oil price assumptions, slightly higher future P/E expectations around 20.6x, and revised margin outlooks across recent research. Analyst Commentary Recent research on ConocoPhillips has been active, with a series of price target revisions and rating changes driven largely by updated oil and gas price decks, geopolitical risk, and evolving expectations for cash generation and capital returns.New Narrative • Apr 07
Long Life Projects And LNG Portfolio Will Drive Powerful Future Cash Flow Transformation
Catalysts About ConocoPhillips ConocoPhillips is a global exploration and production company focused on oil and natural gas, with a large Lower 48 shale position, LNG projects and long life assets in Alaska and internationally. What are the underlying business or industry changes driving this perspective?Narrative Update • Mar 26
COP: Future Cash Flows Will Reflect Higher Oil Risk And Dividend Capacity
Analysts have lifted their ConocoPhillips fair value estimate from $118.15 to $128.29, citing higher medium term oil price assumptions that are expected to contribute to revenue growth, a slightly richer future P/E multiple, and adjusted margin expectations. Analyst Commentary Recent Street research on ConocoPhillips points to a split view, with several bullish analysts lifting price targets on the back of higher medium term oil price assumptions and a few more cautious voices flagging valuation risk and potential commodity softness.Narrative Update • Mar 11
COP: Future Cash Flows Will Reflect Dividend Capacity And Geopolitical Oil Risk
Analysts have nudged our fair value estimate for ConocoPhillips up from $114.74 to $118.15, reflecting higher Street price targets tied to increased long term oil price assumptions, modest valuation multiple expansion, and expectations for stronger free cash flow as recent project spending rolls off. Analyst Commentary Recent Street research on ConocoPhillips reflects a wide range of opinions, with some focusing on upside from higher long term oil price assumptions and free cash flow, and others flagging valuation and commodity risk.Narrative Update • Feb 10
COP: Future Cash Flows Will Reflect Dividend Support And Venezuela Uncertainty
Analysts have raised their ConocoPhillips price targets by about $10. This reflects updated assumptions for slightly higher revenue growth, a modestly lower future P/E, and a small increase in estimated fair value to $114.74.Narrative Update • Jan 26
COP: Future Cash Flows Will Strengthen As Dividend Capacity Expands
Narrative Update The updated analyst price target for ConocoPhillips edges higher to about US$113. Analysts point to slightly stronger margin assumptions, a modestly higher future P/E multiple, and refreshed views on dividend growth and valuation across recent research updates.Narrative Update • Jan 11
COP: Free Cash Flow Will Improve As Peak Capex Eases And Volumes Advance
Analysts have trimmed their price targets on ConocoPhillips, with our fair value estimate edging from US$112.37 to about US$111.48 as they factor in a softer crude backdrop, updated 2025 and 2026 guidance, and mixed expectations around cash flow and organic growth. Analyst Commentary Recent Street research around ConocoPhillips reflects a mix of optimism on execution and balance sheet quality, alongside caution around crude pricing and near term cash flow.Narrative Update • Dec 25
COP: Free Cash Flow Will Strengthen As Peak Capex Fades And Production Increases
The analyst price target for ConocoPhillips edges slightly lower by approximately $0.02 to reflect modestly softer medium term growth and margin assumptions, as analysts recalibrate models following Q3 updates, refreshed 2025 and preliminary 2026 guidance, and a sector-wide bias toward gas over oil. Analyst Commentary Street research indicates that the modestly lower consolidated price target reflects mixed revisions at the single stock level, with most firms maintaining positive fundamental views while trimming outer year assumptions to reflect softer gas and NGL realizations and more conservative commodity decks.Narrative Update • Dec 11
COP: Free Cash Flow Will Strengthen As Production Outperformance Follows Peak Capex
Our ConocoPhillips analyst price target edges slightly lower, reflecting a modest recalibration in fair value to $112.39 as analysts factor in updated Q3 results, 2025 guidance, and preliminary 2026 outlook. These elements temper cash flow expectations while still acknowledging solid production growth and capital returns.Narrative Update • Nov 27
COP: Free Cash Flow Will Outperform as Workforce Reduction Improves Efficiency
ConocoPhillips' analyst price target saw a modest decrease of $0.63, as analysts cited updated company outlooks for 2025 and 2026 as well as evolving sector dynamics in their revised forecasts. Analyst Commentary Recent Street research on ConocoPhillips presents a blend of optimism for the company's prospects alongside some caution about sector headwinds and near-term execution challenges.Analysis Article • Nov 13
Earnings Troubles May Signal Larger Issues for ConocoPhillips (NYSE:COP) Shareholders
A lackluster earnings announcement from ConocoPhillips ( NYSE:COP ) last week didn't sink the stock price. However, we...Narrative Update • Nov 12
COP: Free Cash Flow Strength Will Drive Outperformance Despite Sector Uncertainty
The consensus analyst price target for ConocoPhillips has edged slightly lower, decreasing by $0.24 to approximately $113.54. Analysts are adjusting their models following recent Q3 results and expectations for softer revenue growth, even with improved profit margins.Analysis Article • Nov 10
ConocoPhillips (NYSE:COP) Will Pay A Larger Dividend Than Last Year At $0.84
ConocoPhillips ( NYSE:COP ) has announced that it will be increasing its dividend from last year's comparable payment...Narrative Update • Oct 29
Production Expansion And Capital Returns Will Drive Longer-Term Opportunity Despite Workforce Cuts
ConocoPhillips’ analyst price target has been revised downward by analysts, with the consensus fair value estimate dropping from $115.46 to $113.78 per share. This reflects tempered cash flow outlooks and shifting sector dynamics, despite resilient operational performance.Narrative Update • Oct 15
Strong Global Energy Demand And LNG Projects Will Drive Future Momentum
Analysts have adjusted their price targets for ConocoPhillips slightly downward, with the updated consensus reflecting a modest decrease of around $1 to $115. This adjustment comes as analysts expect steady operational performance in the upcoming quarter but acknowledge headwinds from softer gas and NGL markets as well as mixed outlooks on cash flow and production growth.Seeking Alpha • Mar 30
Conoco Phillips: Undervalued Laggard Poised To Outperform
Summary ConocoPhillips (COP) stock has underperformed peers and the SPDR Energy Sector ETF, but its strong operational and financial performance supports a BUY rating. COP boasts a low-cost production profile; significant assets in the Permian Basin, Alaska, and LNG technology, contributing to its robust free-cash-flow. Despite generating $6.96/share of FCF last year, current price targets by 4 major Street firms average ~$130/share, 25%+ higher than COP's current stock price. Despite macro-economic risks, COP's strong balance sheet, a 3.0% dividend yield, and expected 18.8% production growth make it undervalued with a potential 30% total return. COP's disciplined cap-ex approach and strategic acquisitions, like Marathon Oil, position it well for future shareholder returns through dividends and buybacks. Read the full article on Seeking AlphaShareholder Returns
| COP | US Oil and Gas | US Market | |
|---|---|---|---|
| 7D | 10.7% | 5.9% | 1.0% |
| 1Y | 32.8% | 36.2% | 18.4% |
Return vs Industry: COP underperformed the US Oil and Gas industry which returned 36.2% over the past year.
Return vs Market: COP exceeded the US Market which returned 18.4% over the past year.
Price Volatility
| COP volatility | |
|---|---|
| COP Average Weekly Movement | 4.4% |
| Oil and Gas Industry Average Movement | 6.0% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: COP has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: COP's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1917 | 9,600 | Ryan Lance | www.conocophillips.com |
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.
ConocoPhillips Fundamentals Summary
| COP fundamental statistics | |
|---|---|
| Market cap | US$151.27b |
| Earnings (TTM) | US$9.25b |
| Revenue (TTM) | US$64.46b |
16.5x
P/E Ratio2.4x
P/S RatioIs COP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| COP income statement (TTM) | |
|---|---|
| Revenue | US$64.46b |
| Cost of Revenue | US$33.79b |
| Gross Profit | US$30.67b |
| Other Expenses | US$21.41b |
| Earnings | US$9.25b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.70 |
| Gross Margin | 47.57% |
| Net Profit Margin | 14.35% |
| Debt/Equity Ratio | 34.5% |
How did COP perform over the long term?
See historical performance and comparisonDividends
2.6%
Current Dividend Yield44%
Payout RatioDoes COP pay a reliable dividends?
See COP dividend history and benchmarks| ConocoPhillips dividend dates | |
|---|---|
| Ex Dividend Date | Aug 17 2026 |
| Dividend Pay Date | Sep 01 2026 |
| Days until Ex dividend | 4 days |
| Days until Dividend pay date | 19 days |
Does COP pay a reliable dividends?
See COP dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/12 22:05 |
| End of Day Share Price | 2026/08/12 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ConocoPhillips is covered by 48 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Joseph Allman | Baird |
| Yim Cheng | Barclays |