CONOCOPHILLIPS (COP) Stock Analysis

Analysis from 10-Q filed 2025-11-06. Data as of Q2 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 19.1%. FCF margin 34.6%. D/E 0.4x. Source: 10-Q filed 2025-11-06.

Metric	Value	Context
ROIC	19.1%	Solid returns
FCF Margin	34.6%	Strong cash generation
Debt/Equity	0.4x	Conservative leverage

ROIC 19.1% — Top 25% of sector peers. FCF margin 34.6% — Top 50%.

Explore CONOCOPHILLIPS: Earnings History | Filings

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for COP: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: CONOCOPHILLIPS earns 19.1% ROIC, Top 25% in Energy

ROIC TTM 19.1%, sector median 7.2%, Top 25%. DuPont: NOPAT margin 29.4% × asset turnover 0.5x. Gross margin 62.0%. Operating margin 46.3%. Source: 10-Q filed 2025-11-06.

Metric	COP	Rating	Context
Return on Invested Capital (ROIC)	19.1%	Good	Above sector median of 7.2%
Return on Equity (ROE)	14.3%	Adequate	Moderate equity returns
Gross Margin	62.0%	Excellent	Strong pricing power
Operating Margin	46.3%	Excellent	Efficient operations

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Cash Flow: CONOCOPHILLIPS generates $21.9B FCF at 34.6% margin, positive NaN/8 quarters

FCF TTM $21.9B. FCF margin 34.6%, Top 50%. OCF/Net income 2.4x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-11-06.

Metric	COP	Rating	Context
Free Cash Flow Margin	34.6%	Excellent	Excellent cash conversion
Free Cash Flow (TTM)	$21.9B	Good	Positive cash generation
OCF/Net Income	2.4x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: CONOCOPHILLIPS at 0.4x leverage

Debt/Equity 0.4x. Total debt $23.3B, cash & investments $7.7B. Source: 10-Q filed 2025-11-06.

Metric	COP	Rating	Context
Debt to Equity	0.4x	Good	Conservative capital structure
Net Cash Position	$-15.6B	Warning	Net debt position

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Valuation: CONOCOPHILLIPS trades at 13.8x earnings

P/E 13.8x. EV/Sales 2.3x. FCF yield 17.2%. Dividend yield 3.2%. Source: 10-Q filed 2025-11-06.

Metric	COP	Rating	Context
P/E Ratio	13.8x	Adequate	Reasonable valuation
EV/Sales	2.3x	Good	Attractive revenue multiple
FCF Yield	17.2%	Excellent	Attractive cash return
Dividend Yield	3.2%	Adequate	Meaningful income

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Capital Allocation: CONOCOPHILLIPS returns 7.3% shareholder yield

Total shareholder yield 7.3% (div 3.2% + buyback 4.2%). Capital returned $9.4B TTM. Source: 10-Q filed 2025-11-06.

Metric	COP	Rating	Context
Total Shareholder Yield	7.3%	Excellent	Dividend + buyback yield combined
Buyback Yield	4.2%	Good	Active share repurchases
Total Capital Returned (TTM)	$9.4B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	19.1%	Top 25%	2.6x above
Free Cash Flow Margin	34.6%	Top 50%	2.9x above
Gross Margin	62.0%	Top 50%	2.0x above
Operating Margin	46.3%	Top 25%	4.0x above
Return on Equity (ROE)	14.3%	Top 50%	1.4x above
P/E Ratio	13.8x	N/A	-

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Financial Scorecard

Metric	COP	Rating	Sector Context
Return on Invested Capital (ROIC)	19.1%	Good	Top 25% of sector (median: 7.2%)
Free Cash Flow Margin	34.6%	Excellent	Top 50% of sector (median: 12.1%)
Gross Margin	62.0%	Excellent	Top 50% of sector (median: 31.5%)
Debt to Equity Ratio	35.6%	Good	Moderate leverage
P/E Ratio (Price-to-Earnings)	13.8x	Adequate	Attractively valued
Free Cash Flow Yield	17.2%	Excellent	High cash return

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Frequently Asked Questions

Q: What is CONOCOPHILLIPS's Return on Invested Capital (ROIC)?

CONOCOPHILLIPS (COP) has a trailing twelve-month Return on Invested Capital (ROIC) of 19.1%. Sector median 7.2%. Source: 10-Q filed 2025-11-06.

Q: What is CONOCOPHILLIPS's Free Cash Flow Margin?

CONOCOPHILLIPS (COP) has a free cash flow margin of 34.6%, generating $21.9 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-11-06.

Q: What is CONOCOPHILLIPS's P/E ratio and how does it compare to peers?

CONOCOPHILLIPS (COP) trades at a P/E ratio of 13.8x, which is above the sector median of N/A. EV/Sales 2.3x. FCF yield 17.2%. Source: 10-Q filed 2025-11-06.

Q: Does CONOCOPHILLIPS pay a dividend?

CONOCOPHILLIPS (COP) currently pays a dividend yield of 3.2%. Total shareholder yield (dividend + buybacks) 7.3%. Source: 10-Q filed 2025-11-06.

Q: What is CONOCOPHILLIPS's revenue and earnings growth?

CONOCOPHILLIPS (COP) grew revenue by 9.6% year-over-year. EPS +0.8% YoY. Source: 10-Q filed 2025-11-06.

Q: Is CONOCOPHILLIPS buying back stock?

CONOCOPHILLIPS (COP) repurchased $5.3 billion of stock over the trailing twelve months. This represents a buyback yield of 4.2%. Source: 10-Q filed 2025-11-06.

Q: How does CONOCOPHILLIPS compare to competitors in Energy?

Compared to other companies in Energy, CONOCOPHILLIPS (COP) shows: ROIC 19.1%, sector median 7.2% (Top 25%). FCF margin 34.6%, sector median 12.1% (Top 50%). Gross margin 62.0%, 30.6pp above sector median. These rankings are based on MetricDuck's analysis of all Energy companies with available SEC filings.

Q: What warning signs should I watch for with CONOCOPHILLIPS?

No quantitative warning flags fired for CONOCOPHILLIPS (COP) on margin trend, FCF trend, ROIC trend, or leverage thresholds. Source: 10-Q filed 2025-11-06.

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Data Source: Data sourced from 10-Q filed 2025-11-06. TTM metrics as of Q2 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.