ConocophillipsConocophillips
Conocophillips

Conocophillips

COP
Energy·Oil, Gas & Consumable Fuels

ConocoPhillips is an exploration and production company, which engages in the exploration, production, transport, and marketing of crude oil, bitumen, and natural gas. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East, and North Africa, Asia Pacific, and Other International. The Alaska segment explores for, produces, transports and markets crude oil, natural gas and NGLs. The Lower 48 segment consists of operations located in the 48 contiguous U.S. states and the Gulf of Mexico. The Canada segment refers to oil sands development in the Athabasca Region of northeastern Alberta and a liquids-rich unconventional play in western Canada. The Europe, Middle East, and North Africa segment includes operations in the Norwegian sector of the North Sea, the Norwegian Sea, Qatar, Libya, Equatorial Guinea and commercial and terminalling operations in the U.K. The Asia Pacific segment focuses on explorations and product operations in China, Indonesia, Malaysia, and Australia. The Other International segment handles exploration activities in Columbia and Argentina. The company was founded by Isaac Elder Blake on November 25, 1875 and is headquartered in Houston, TX.

Texas; U.S.A
Market cap
No dataNo data
Revenue
$58.9B+7.7% YoY
Net income
$8B−13.6% YoY
Free cash flow
$19.8B−1.6% YoY

Market

Listed stock
Tokenized stocks
COPPriceNYSE
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Financial performance

Revenue
$58.9B+7.7% YoY
Operating income
$26.6B+5.4% YoY
Net income
$8B−13.6% YoY
Free cash flow
$19.8B−1.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $48.3B, 2022 $78.5B, 2023 $56.1B, 2024 $54.7B, 2025 $58.9B. Operating income: 2021 $25.4B, 2022 $38.4B, 2023 $26.4B, 2024 $25.2B, 2025 $26.6B. Net income: 2021 $8.1B, 2022 $18.7B, 2023 $11B, 2024 $9.2B, 2025 $8B. Free cash flow: 2021 $11.7B, 2022 $18.2B, 2023 $20B, 2024 $20.1B, 2025 $19.8B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
7.7%+1016 bps YoY
Gross margin
No dataNo data
Operating margin
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FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $25.4B, 2022-12-31 $38.4B, 2023-12-31 $26.4B, 2024-12-31 $25.2B, 2025-12-31 $26.6B. Net income: 2021-12-31 $8.1B, 2022-12-31 $18.7B, 2023-12-31 $11B, 2024-12-31 $9.2B, 2025-12-31 $8B. Free cash flow: 2021-12-31 $11.7B, 2022-12-31 $18.2B, 2023-12-31 $20B, 2024-12-31 $20.1B, 2025-12-31 $19.8B

Growth heatmap

2022202320242025CAGR
Revenue
+62.3%
-28.5%
-2.5%
+7.7%
+5.1%
Gross profit
+47.5%
-23.3%
+1.7%
+5.4%
+4.9%
Operating income
+51.1%
-31.3%
-4.3%
+5.4%
+1.2%
Free cash flow
+55.5%
+10.0%
+0.8%
-1.6%
+14.1%

Earnings quality

Operating cash flow
$19.8B−1.6% YoY
Net income
$8B−13.6% YoY
Free cash flow
$19.8B−1.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 248%, 2024-12-31 218%, 2023-12-31 182%, 2022-12-31 152%, 2021-12-31 210%. Free cash flow: 2025-12-31 248%, 2024-12-31 218%, 2023-12-31 182%, 2022-12-31 97%, 2021-12-31 144%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
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Financial flexibility

Cash & equivalents
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Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
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Return on assets
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Return on invested capital
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Asset turnover
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Return on capital

No data

Valuation

Price to earnings
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Price to sales
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EV / EBITDA
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Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
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EV / EBITDA
No data
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Free cash flow yield
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