COP

CONOCOPHILLIPS

EnergyCIK 0001163165

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Market Cap
$163.67B
P/E (TTM)
22.4x
Rev Growth (TTM)
+1.3%
Net Margin (TTM)
12.5%
FCF Yield (TTM)
11.0%
FCF Margin (TTM)
30.9%

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LATEST EARNINGS

Q1 2026
2 months ago
View source
Revenue
N/A
Net Income
$2.20B
-22.3%
EPS
$1.78
-20.2%
Net
9.6% -1.7%
  • Generated $4.3 billion in cash provided by operating activities and $5.4 billion in cash from operations (CFO).
  • Distributed $2.0 billion to shareholders, including $1.0 billion through share repurchases and $1.0 billion through ordinary dividends.
  • Completed successful Willow winter construction season with project achieving 50% completion.
  • Enhanced Lower 48 capital efficiency by more than doubling percentage of 3-mile plus lateral length wells drilled compared with prior year.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$18.0B
Q1 '26
$4.3B-1%
Q4 '25
$4.3B-27%
FCF Margin
TTM30.9%
Q1 '2627.3%-15%
Sector: 8.5%Above Avg
OCF Margin30.9%
OCF/NI2.46x
CapEx Coverage
FCF Yield11.0%
FCF Growth (2Y)-14%
Cash Conversion Cycle
-47 days
DSO: 30+DIO: 30DPO: 106

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM5.2%
Div Yield2.5%
+
Buyback (TTM)2.8%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)2.5%
FCF Payout Ratio22.4%
Free Cash Flow (TTM)$18.0B
Stock Repurchases (TTM)$4.5B
Capital Return / FCF47.6%
Est. Dividends Paid (TTM)$4.0B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
16.7%
Stable
-0.1% YoY-7.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
28.0%
8Q: 29.6%
Asset Turnover
0.47x
8Q: 0.52x
Leverage (1+D/E)
1.36x
D/E: 0.36x
DuPont: 18.1%16.7% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.62x
8Q:0.68x
-15.1%
Invested Cap Turn
0.60x
8Q:0.65x
-13.9%
Asset-based ROIC formula

Valuation Analysis

Fair Value
Price-to-EarningsTTM
22.4x
Volatile
8Q: 58.5x+2338%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
22.4x
vs sector
Cash Flow
10.1x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
1.3P/E per %ROIC
ROIC: 16.7%
Shareholder Returns
Dividend
2.5%
Buyback
2.8%
Total Yield
5.2%
Market Cap$163.67B
EV$180.83B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
83/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
11.2%
8Q:
Return on Invested Capital (ROIC)Top 25%
16.7%
8Q:
-7.2%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 28.0%
Asset Turnover: 0.47x

Earnings Quality

Cash Conversion

2.46x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin61.5%

Capital Efficiency

Invested Capital Turnover0.60x

Working Capital

Cash Conversion Cycle-47 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
44/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
1.3%
OpInc Growth YoY
-7.9%
EPS Growth YoY
-25.5%
FCF 3Y CAGR
-14.4%

Growth Quality Analysis

Working Capital Drag: FCF growth lagging revenue by 15.7%
Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
61.5%
Operating
44.1%
Top 25% in sector
Net
12.5%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+18.4 pts
FCF: 30.9% | Net: 12.5%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
Net Debt: $16.96B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.36x
Balance sheet risk & solvency analysis