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ConocoPhillips

NYSE:COP
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COP
NYSE
$68B
Market Cap
  1. Home
  2. US
  3. Energy
Company description

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The last earnings update was 83 days ago. More info.


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COP Share Price and Events
7 Day Returns
0.8%
NYSE:COP
-1.5%
US Oil and Gas
-0.9%
US Market
1 Year Returns
-15.7%
NYSE:COP
-16.7%
US Oil and Gas
3.8%
US Market
COP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ConocoPhillips (COP) 0.8% -0.4% -5.8% -15.7% 50.4% -28.8%
US Oil and Gas -1.5% -1.6% -8.9% -16.7% -4.1% -37.7%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • COP outperformed the Oil and Gas industry which returned -16.7% over the past year.
  • COP underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
COP
Industry
5yr Volatility vs Market

Value

 Is ConocoPhillips undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ConocoPhillips to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ConocoPhillips.

NYSE:COP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:COP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 21%) (23.29%))
1.061
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.061 * 5.96%)
9.05%

Discounted Cash Flow Calculation for NYSE:COP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ConocoPhillips is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:COP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.05%)
2020 5,818.57 Analyst x7 5,335.53
2021 4,877.50 Analyst x4 4,101.29
2022 6,282.00 Analyst x2 4,843.76
2023 6,818.00 Analyst x1 4,820.62
2024 7,227.29 Est @ 6% 4,685.79
2025 7,590.18 Est @ 5.02% 4,512.54
2026 7,919.12 Est @ 4.33% 4,317.25
2027 8,224.22 Est @ 3.85% 4,111.37
2028 8,513.37 Est @ 3.52% 3,902.61
2029 8,792.62 Est @ 3.28% 3,696.01
Present value of next 10 years cash flows $44,326.75
NYSE:COP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $8,792.62 × (1 + 2.73%) ÷ (9.05% – 2.73%)
$142,848.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $142,848.76 ÷ (1 + 9.05%)10
$60,046.98
NYSE:COP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $44,326.75 + $60,046.98
$104,373.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $104,373.73 / 1,130.18
$92.35
NYSE:COP Discount to Share Price
Calculation Result
Value per share (USD) From above. $92.35
Current discount Discount to share price of $60.28
= -1 x ($60.28 - $92.35) / $92.35
34.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ConocoPhillips is available for.
Intrinsic value
35%
Share price is $60.28 vs Future cash flow value of $92.35
Current Discount Checks
For ConocoPhillips to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ConocoPhillips's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ConocoPhillips's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ConocoPhillips's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ConocoPhillips's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:COP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.23
NYSE:COP Share Price ** NYSE (2019-07-23) in USD $60.28
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.79x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ConocoPhillips.

NYSE:COP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:COP Share Price ÷ EPS (both in USD)

= 60.28 ÷ 6.23

9.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ConocoPhillips is good value based on earnings compared to the US Oil and Gas industry average.
  • ConocoPhillips is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does ConocoPhillips's expected growth come at a high price?
Raw Data
NYSE:COP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
0.1%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 79 Publicly-Listed Oil and Gas Companies 0.38x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:COP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.68x ÷ 0.1%

145.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ConocoPhillips is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ConocoPhillips's assets?
Raw Data
NYSE:COP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $29.07
NYSE:COP Share Price * NYSE (2019-07-23) in USD $60.28
United States of America Oil and Gas Industry PB Ratio Median Figure of 196 Publicly-Listed Oil and Gas Companies 1.02x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NYSE:COP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:COP Share Price ÷ Book Value per Share (both in USD)

= 60.28 ÷ 29.07

2.07x

* Primary Listing of ConocoPhillips.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ConocoPhillips is overvalued based on assets compared to the US Oil and Gas industry average.
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Value checks
We assess ConocoPhillips's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. ConocoPhillips has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ConocoPhillips expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ConocoPhillips expected to grow at an attractive rate?
  • ConocoPhillips's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ConocoPhillips's earnings growth is positive but not above the United States of America market average.
  • ConocoPhillips's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:COP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:COP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 0.1%
NYSE:COP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 1.6%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:COP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:COP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 43,734 13,868 6,241 1
2022-12-31 41,973 13,101 5,797 1
2021-12-31 36,613 12,094 4,638 4
2020-12-31 39,266 11,869 4,791 6
2019-12-31 38,337 12,047 5,369 6
NYSE:COP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 37,823 13,429 7,202
2018-12-31 37,491 12,934 6,257
2018-09-30 35,835 11,632 5,968
2018-06-30 32,976 9,277 4,527
2018-03-31 31,166 7,686 -553
2017-12-31 29,878 7,077 -855
2017-09-30 28,551 6,039 -2,469
2017-06-30 28,022 6,264 -3,929
2017-03-31 26,491 5,772 -1,560
2016-12-31 23,745 4,403 -3,615
2016-09-30 23,017 4,556 -7,030
2016-06-30 24,147 5,210 -7,061

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ConocoPhillips's earnings are expected to grow by 0.1% yearly, however this is not considered high growth (20% yearly).
  • ConocoPhillips's revenue is expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:COP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from ConocoPhillips Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:COP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 7.05 7.12 6.98 2.00
2022-12-31 6.12 6.23 6.01 2.00
2021-12-31 4.53 5.53 3.26 7.00
2020-12-31 4.33 8.17 3.08 12.00
2019-12-31 4.78 5.46 4.15 9.00
NYSE:COP Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.23
2018-12-31 5.36
2018-09-30 5.07
2018-06-30 3.81
2018-03-31 -0.46
2017-12-31 -0.70
2017-09-30 -2.00
2017-06-30 -3.16
2017-03-31 -1.25
2016-12-31 -2.90
2016-09-30 -5.65
2016-06-30 -5.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ConocoPhillips is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ConocoPhillips's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ConocoPhillips has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ConocoPhillips performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ConocoPhillips's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ConocoPhillips's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • ConocoPhillips has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • ConocoPhillips has become profitable in the last year making it difficult to compare the US Oil and Gas industry average.
Earnings and Revenue History
ConocoPhillips's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ConocoPhillips Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:COP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 37,823.00 7,202.00 991.00
2018-12-31 37,491.00 6,257.00 898.00
2018-09-30 35,835.00 5,968.00 1,005.00
2018-06-30 32,976.00 4,527.00 986.00
2018-03-31 31,166.00 -553.00 966.00
2017-12-31 29,878.00 -855.00 1,374.00
2017-09-30 28,551.00 -2,469.00 1,539.00
2017-06-30 28,022.00 -3,929.00 1,976.00
2017-03-31 26,491.00 -1,560.00 2,245.00
2016-12-31 23,745.00 -3,615.00 2,181.00
2016-09-30 23,017.00 -7,030.00 2,628.00
2016-06-30 24,147.00 -7,061.00 2,969.00
2016-03-31 27,270.00 -6,169.00 2,928.00
2015-12-31 30,219.00 -4,428.00 3,221.00
2015-09-30 35,646.00 -1,017.00 2,857.00
2015-06-30 41,074.00 1,680.00 2,363.00
2015-03-31 47,217.00 3,907.00 2,387.00
2014-12-31 55,053.00 5,738.00 2,218.00
2014-09-30 57,348.00 7,269.00 1,930.00
2014-06-30 58,836.00 8,066.00 1,977.00
2014-03-31 58,189.00 8,071.00 1,867.00
2013-12-31 56,889.00 7,978.00 1,911.00
2013-09-30 58,922.00 8,313.00 1,841.00
2013-06-30 59,116.00 7,615.00 1,785.00
2013-03-31 59,328.00 7,260.00 1,724.00
2012-12-31 60,184.00 7,411.00 1,803.00
2012-09-30 58,918.00 6,640.00 1,902.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ConocoPhillips has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • ConocoPhillips used its assets more efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • ConocoPhillips has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess ConocoPhillips's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ConocoPhillips has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ConocoPhillips's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ConocoPhillips's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ConocoPhillips is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ConocoPhillips's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of ConocoPhillips's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ConocoPhillips Company Filings, last reported 3 months ago.

NYSE:COP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 32,981.00 14,186.00 8,272.00
2018-12-31 32,064.00 14,191.00 7,625.00
2018-09-30 32,079.00 14,997.00 6,677.00
2018-06-30 31,222.00 14,974.00 6,005.00
2018-03-31 30,718.00 17,046.00 7,048.00
2017-12-31 30,801.00 19,703.00 10,097.00
2017-09-30 30,712.00 21,004.00 11,691.00
2017-06-30 30,499.00 23,468.00 11,800.00
2017-03-31 35,601.00 26,435.00 3,361.00
2016-12-31 35,226.00 27,275.00 3,660.00
2016-09-30 36,456.00 28,689.00 4,324.00
2016-06-30 37,831.00 28,677.00 4,152.00
2016-03-31 39,407.00 29,455.00 5,173.00
2015-12-31 40,082.00 24,880.00 2,368.00
2015-09-30 44,555.00 24,891.00 2,413.00
2015-06-30 48,969.00 24,925.00 3,813.00
2015-03-31 49,008.00 22,511.00 2,664.00
2014-12-31 52,273.00 22,565.00 5,062.00
2014-09-30 55,661.00 21,187.00 5,782.00
2014-06-30 55,686.00 21,234.00 6,430.00
2014-03-31 53,621.00 21,206.00 7,730.00
2013-12-31 52,492.00 21,662.00 6,518.00
2013-09-30 51,537.00 24,674.00 3,883.00
2013-06-30 48,932.00 24,922.00 3,984.00
2013-03-31 49,240.00 25,062.00 5,445.00
2012-12-31 48,427.00 25,291.00 3,618.00
2012-09-30 47,877.00 24,886.00 1,268.00
  • ConocoPhillips's level of debt (45.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.5% vs 45.3% today).
  • Debt is well covered by operating cash flow (89.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14x coverage).
X
Financial health checks
We assess ConocoPhillips's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ConocoPhillips has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is ConocoPhillips's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.02%
Current annual income from ConocoPhillips dividends. Estimated to be 2.15% next year.
If you bought $2,000 of ConocoPhillips shares you are expected to receive $40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ConocoPhillips's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • ConocoPhillips's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:COP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:COP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.37 8.00
2020-12-31 1.31 11.00
2019-12-31 1.24 12.00
NYSE:COP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-11 1.220 2.015
2019-05-01 1.220 2.016
2019-01-30 1.220 1.818
2018-10-05 1.220 1.831
2018-07-11 1.140 1.567
2018-05-04 1.140 1.665
2018-02-05 1.140 1.955
2018-02-01 1.140 1.978
2017-10-06 1.060 1.989
2017-07-12 1.060 2.341
2017-05-05 1.060 2.342
2017-01-31 1.060 2.219
2016-10-06 1.000 2.130
2016-07-13 1.000 2.407
2016-05-10 1.000 2.284
2016-02-04 1.000 2.535
2015-10-09 2.960 6.231
2015-07-16 2.960 5.971
2015-05-12 2.920 4.670
2015-02-04 2.920 4.447
2014-10-02 2.920 4.288
2014-07-10 2.920 3.602
2014-05-13 2.760 3.360
2014-02-05 2.760 3.970
2013-10-04 2.760 3.913
2013-07-11 2.760 4.095
2013-05-14 2.640 4.259
2013-02-06 2.640 4.465
2012-10-04 2.640 4.571
2012-07-10 2.640 4.688
2012-05-09 2.640 4.940
2012-02-10 2.640 3.667
2011-10-05 2.640 3.756
2011-07-13 2.640 3.923
2011-05-11 2.640 3.629
2011-02-11 2.640 3.410
2010-10-06 2.200 3.411
2010-07-14 2.200 3.994
2010-02-12 2.000 3.796
2009-10-07 2.000 3.903
2009-07-15 1.880 4.193
2009-05-13 1.880 4.339
2009-02-13 1.880 4.725
2008-10-01 1.880 3.713

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of ConocoPhillips's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess ConocoPhillips's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ConocoPhillips afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ConocoPhillips has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of ConocoPhillips's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ryan Lance
COMPENSATION $21,848,930
AGE 57
TENURE AS CEO 7.2 years
CEO Bio

Mr. Ryan M. Lance has been Chief Executive Officer at ConocoPhillips Company since May 2012. Mr. Lance serves as the Chief Executive Officer at ConocoPhillips (U.K.) Limited. He has 28 years of oil and natural gas industry experience in senior management and technical positions with ConocoPhillips, predecessor Phillips Petroleum and various divisions of ARCO Alaska, Inc. He served as Senior Vice President of Exploration & Production - International of ConocoPhillips and ConocoPhillips Company since May 2009. Mr. Lance served as President of Exploration & Production, Asia Africa, Middle East and Russia/Caspian of ConocoPhillips since April 2009 and also served as its Senior Vice President of Technology since 2007. He served as Senior Vice President of Technology and Major Projects at Conocophillips from April 1, 2006 to February 1, 2007 and President of Asia Pacific Exploration and Production from May 8, 2003 to June 2005. He served as President Exploration & Production, Europe Asia Africa and the Middle East of ConocoPhillips since September 2007. Mr. Lance served as President of downstream strategy, integration and specialty functions at ConocoPhillips since 2005 and as Vice President of Lower 48 since 2002. He served as President of Strategy Integration and Specialty Businesses - Refining Marketing Supply & Transportation of ConocoPhillips from June 2005 to April 1, 2006. Mr. Lance began his career with ARCO Alaska in 1984. He held various management, engineering and operations positions internationally as well as in Alaska and the U.S. Lower 48 before transferring in 1989 to ARCO's Bakersfield, California operations. In 1992, he transferred to Midland, Texas, where he supervised ARCO's coalbed methane operations in the San Juan Basin. He returned to Alaska in 1994 as Exploration Engineering Manager. In 1996, he transferred to Vastar Resources in Houston as Planning Manager and served in that position until 1998. He served as Vice President of the Western North Slope for ARCO Alaska, Inc. since 1998. Mr. Lance returned to Houston in 2001 as the General Manager of Lower 48 and Canadian operations for Phillips Petroleum. He spent 17 years with ARCO. He has been the Chairman of ConocoPhillips Company since May 2012. He has been a Director of ConocoPhillips Company since May 9, 2012 and ConocoPhillips (U.K.) Limited since April 2012. He serves as a Director of Greater Houston Partnership, Inc. He serves as a Director for Spindletop International as well as on the Montana Tech Foundation’s board. He serves on the University of Houston’s Energy Advisory Board. He serves on the Boards of both the American Petroleum Institute and the Independent Petroleum Association of America. He is an Advisory board Member of Montana Tech and a Member of the Society of Petroleum Engineers. He is a Petroleum Engineer. Mr. Lance earned a Bachelor of Science in Petroleum Engineering from Montana Tech in Butte in 1984.

CEO Compensation
  • Ryan's compensation has increased in line with ConocoPhillips recently becoming profitable.
  • Insufficient data for Ryan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ConocoPhillips management team in years:

4.3
Average Tenure
57.5
Average Age
  • The tenure for the ConocoPhillips management team is about average.
Management Team

Ryan Lance

TITLE
Chairman & CEO
COMPENSATION
$22M
AGE
57
TENURE
7.2 yrs

Don Wallette

TITLE
Executive VP & CFO
COMPENSATION
$9M
AGE
60
TENURE
3.3 yrs

Matt Fox

TITLE
Executive VP & COO
COMPENSATION
$10M
AGE
58
TENURE
0.5 yrs

Glenda Schwarz

TITLE
Principal Accounting Officer
AGE
53

Kelly Rose

TITLE
Senior VP of Legal
AGE
52
TENURE
0.8 yrs

Chris Conway

TITLE
Head of Trading & Supply Operations
TENURE
9.5 yrs

David Chenier

TITLE
President of United Kingdom
TENURE
7.2 yrs

Ellen DeSanctis

TITLE
Senior Vice President of Corporate Relations
AGE
62
TENURE
0.5 yrs

Andrew Lundquist

TITLE
Senior Vice President of Government Affairs
AGE
58
TENURE
6.5 yrs

Bill Bullock

TITLE
President of Asia Pacific & Middle East
AGE
54
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the ConocoPhillips board of directors in years:

4.8
Average Tenure
58
Average Age
  • The tenure for the ConocoPhillips board of directors is about average.
Board of Directors

Ryan Lance

TITLE
Chairman & CEO
COMPENSATION
$22M
AGE
57
TENURE
7.2 yrs

Robert Niblock

TITLE
Independent Director
COMPENSATION
$370K
AGE
56
TENURE
9.4 yrs

Charles Bunch

TITLE
Independent Director
COMPENSATION
$358K
AGE
69
TENURE
5.2 yrs

John Faraci

TITLE
Independent Director
COMPENSATION
$375K
AGE
69
TENURE
4.5 yrs

Jody Freeman

TITLE
Independent Director
COMPENSATION
$353K
AGE
55
TENURE
7 yrs

Gay Evans

TITLE
Independent Director
COMPENSATION
$359K
AGE
65
TENURE
6.3 yrs

Arjun Murti

TITLE
Independent Director
COMPENSATION
$348K
AGE
49
TENURE
4.5 yrs

Sharmila Shahani-Mulligan

TITLE
Director
COMPENSATION
$65K
AGE
53
TENURE
2 yrs

Caroline Devine

TITLE
Director
COMPENSATION
$33K
AGE
68
TENURE
1.8 yrs

Jeffrey Joerres

TITLE
Director
AGE
59
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ConocoPhillips's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ConocoPhillips has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

ConocoPhillips (NYSE:COP) Stock Goes Ex-Dividend In Just 1 Days

ConocoPhillips's next dividend payment will be US$0.30 per share, on the back of last year when the company paid a total of US$1.22 to shareholders. … So we need to check whether the dividend payments are covered, and if earnings are growing. … Check out our latest analysis for ConocoPhillips Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut.

Simply Wall St -

Do Institutions Own Shares In ConocoPhillips (NYSE:COP)?

Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. … Insider Ownership Of ConocoPhillips The definition of company insiders can be subjective, and does vary between jurisdictions. … It is always good to see at least some insider ownership, but it might be worth checking if those insiders have been selling.

Simply Wall St -

Here's What You Should Know About ConocoPhillips's (NYSE:COP) 2.0% Dividend Yield

ConocoPhillips paid out 21% of its free cash flow as dividends last year, which is conservative and suggests the dividend is sustainable. … ConocoPhillips has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. ConocoPhillips's EPS are effectively flat over the past five years. Flat earnings per share are acceptable for a time, but over the long term, the purchasing power of the company's dividends could be eroded by inflation. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Are Investors Undervaluing ConocoPhillips (NYSE:COP) By 34%?

Today we will run through one way of estimating the intrinsic value of ConocoPhillips (NYSE:COP) by taking the foreast future cash flows of the company and discounting them back to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $6.60k $6.08k $4.86k $5.80k $6.82k $7.13k $7.42k $7.69k $7.95k $8.20k Growth Rate Estimate Source Analyst x2 Analyst x7 Analyst x4 Analyst x2 Analyst x1 Est @ 4.58% Est @ 4.03% Est @ 3.64% Est @ 3.37% Est @ 3.17% Present Value ($, Millions) Discounted @ 8.87% $6.07k $5.13k $3.76k $4.13k $4.46k $4.28k $4.09k $3.90k $3.70k $3.50k Present Value of 10-year Cash Flow (PVCF)= $43.02b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$8.2b × (1 + 2.7%) ÷ (8.9% – 2.7%) = US$137b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$137b ÷ ( 1 + 8.9%)10 = $58.65b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $101.67b.

Simply Wall St -

Why We Like ConocoPhillips’s (NYSE:COP) 15% Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for ConocoPhillips: 0.15 = US$9.6b ÷ (US$71b - US$7.4b) (Based on the trailing twelve months to March 2019.) Therefore, ConocoPhillips has an ROCE of 15%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.

Simply Wall St -

The ConocoPhillips (NYSE:COP) Share Price Has Gained 34% And Shareholders Are Hoping For More

Unfortunately for shareholders, while the ConocoPhillips (NYSE:COP) share price is up 34% in the last three years, that falls short of the market return. … Disappointingly, the share price is down 4.4% in the last year. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

What does ConocoPhillips's (NYSE:COP) Balance Sheet Tell Us About Its Future?

Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as ConocoPhillips (NYSE:COP) a safer option. … I will provide an overview of ConocoPhillips’s financial liquidity and leverage to give you an idea of ConocoPhillips’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further

Simply Wall St -

Why ConocoPhillips's (NYSE:COP) CEO Pay Matters To You

First, this article will compare CEO compensation with compensation at other large companies. … How Does Ryan Lance's Compensation Compare With Similar Sized Companies. … According to our data, ConocoPhillips has a market capitalization of US$74b, and pays its CEO total annual compensation worth US$22m.

Simply Wall St -

Boasting A 20% Return On Equity, Is ConocoPhillips (NYSE:COP) A Top Quality Stock?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Many ConocoPhillips (NYSE:COP) Shares Do Institutions Own?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see both institutions and retail investors owning a portion of the company. … View our latest analysis for ConocoPhillips

Simply Wall St -

Company Info

Description

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. The company was founded in 1917 and is headquartered in Houston, Texas.

Details
Name: ConocoPhillips
COP
Exchange: NYSE
Founded: 1917
$68,307,833,511
1,130,175,935
Website: http://www.conocophillips.com
Address: ConocoPhillips
925 North Eldridge Parkway,
PO Box 2197,
Houston,
Texas, 77079,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE COP Common Stock New York Stock Exchange US USD 02. Jan 1968
DB YCP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA YCP Common Stock XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0QZA Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX COP Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG COPH Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
BMV COP * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA COPH34 BDR EACH REPR 0.25 COM USD0.01 Bolsa de Valores de Sao Paulo BR BRL 24. Aug 2012
Number of employees
Current staff
Staff numbers
10,800
ConocoPhillips employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:23
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/23
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.