Education
About Us
Working with TipRanks
Follow Us
Conocophillips (COP)
NYSE:COP
Top Page
Conocophillips
(NYSE:COP)
Select Model
Select Model
Rating:75Outperform
Price Target:
$96.00
â–²(5.07% Upside)
ConocoPhillips' strong financial performance and positive earnings call sentiment are the primary drivers of its stock score. The company's robust cash flow and strategic production increases enhance its outlook. However, technical indicators suggest bearish momentum, and increased project costs pose risks.
Positive Factors
Production Guidance Increase
Increasing production guidance indicates strong operational capabilities and market demand, supporting long-term revenue growth.
Dividend Growth
Consistent dividend growth reflects financial health and commitment to returning value to shareholders, enhancing investor confidence.
Operational Cost Reduction
Reducing operational costs through efficiencies improves margin sustainability, supporting long-term profitability.
Negative Factors
Willow Project Cost Increase
Higher capital costs for the Willow project due to inflation may strain resources and impact future cash flow.
Free Cash Flow Decline
Declining free cash flow growth can limit financial flexibility and impact the ability to fund new projects or return capital to shareholders.
Industry Volatility
Volatility in the oil and gas industry can lead to unpredictable revenue streams, affecting long-term planning and stability.
Conocophillips (COP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$112.91B
Dividend Yield3.48%
Average Volume (3M)6.51M
Price to Earnings (P/E)12.9
Beta (1Y)0.63
Revenue Growth8.41%
EPS Growth-16.12%
CountryUS
Employees11,800
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)1.61
Shares Outstanding1,235,718,300
10 Day Avg. Volume7,351,566
30 Day Avg. Volume6,514,747
Financial Highlights & Ratios
PEG Ratio-0.91
Price to Book (P/B)1.80
Price to Sales (P/S)2.14
P/FCF Ratio14.60
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue2.25
Enterprise Value/Gross Profit7.49
Enterprise Value/Ebitda5.25
Forecast
1Y Price Target
$112.94Price Target Upside23.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Conocophillips Business Overview & Revenue Model
Company DescriptionConocoPhillips (COP) is a leading global oil and gas exploration and production company headquartered in Houston, Texas. It operates across various segments, primarily focusing on upstream activities related to the exploration, production, and transportation of crude oil, natural gas, and natural gas liquids. ConocoPhillips has a diverse portfolio of assets and operations in some of the world's most significant oil and gas basins, including North America, Europe, Asia, and Australia, providing a wide range of energy products and services.
How the Company Makes MoneyConocoPhillips generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids. The company operates on a revenue model that is heavily influenced by global commodity prices, which can fluctuate significantly. Key revenue streams include the sale of hydrocarbons produced from its upstream operations, as well as the transportation and processing of these products. Additionally, the company benefits from strategic partnerships, joint ventures, and collaborations with other energy firms, which can enhance its operational efficiency and market reach. Factors contributing to its earnings also include the effective management of production costs, technological advancements in extraction methods, and its ability to adapt to changing market dynamics within the energy sector.
Conocophillips Key Performance Indicators (KPIs)
Any
Total Production
Measures the overall volume of oil and gas produced, indicating the company’s capacity to meet market demand and its operational efficiency.
Measures the overall volume of oil and gas produced, indicating the company’s capacity to meet market demand and its operational efficiency.
Data provided by:
Main Street Data
Main Street DataConocophillips Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 05, 2026
Earnings Call Sentiment Positive
The earnings call reflected a generally positive outlook with strong execution and strategic updates enhancing shareholder value. However, concerns over increased costs for the Willow project tempered the sentiment.Q3-2025 Updates
Positive Updates
Strong Execution and Production Guidance Increase
ConocoPhillips exceeded the top end of its production guidance, producing 2,399,000 barrels of oil equivalent per day. The company raised its full-year production guidance to 2,375,000 barrels of oil equivalent per day, up 15,000 from the previous guidance midpoint.
Dividend Increase and Capital Returns
The base dividend was raised by 8%, aligning with the goal of delivering top quartile dividend growth relative to the S&P 500. Year-to-date, the company has returned approximately 45% of its cash flow from operations to shareholders.
Reduction in LNG Project Capital
Total LNG project capital was reduced by $600 million. The projects in Qatar and Port Arthur are on track, with capital spending about 80% complete and the first startup expected next year.
Operational Cost Reduction
Operating cost guidance was reduced to $10.6 billion, down from the prior guidance midpoint of $10.8 billion, due to improved operational efficiencies and cost management.
Negative Updates
Increased Capital Estimate for Willow Project
The capital estimate for the Willow project in Alaska was increased to $8.5 billion to $9 billion, up from previous estimates, due to higher-than-expected inflation and localized North Slope cost escalation.
Concerns Over Project Cost Overruns
Despite maintaining the Willow project schedule, there are concerns over potential future cost overruns, reminiscent of historical major capital project challenges.
Company Guidance
During the third quarter 2025 earnings call, ConocoPhillips reported exceeding the top end of its production guidance with 2,399,000 barrels of oil equivalent per day. The company raised its full-year production guidance to 2,375,000 barrels per day, reflecting a 15,000 increase from prior estimates. Capital expenditures for the quarter were $2.9 billion, while operating costs were reduced to $10.6 billion, down from the previous guidance of $10.8 billion. The company also announced an 8% increase in its base dividend, emphasizing sustainable growth. ConocoPhillips' Willow project in Alaska saw a revised capital estimate of $8.5 billion to $9 billion, primarily due to inflation, but maintained its schedule for first oil by early 2029. The company reduced total LNG project capital by $600 million, with significant progress on its Qatar and Port Arthur LNG projects. Looking ahead to 2026, ConocoPhillips anticipates a combined reduction of $1 billion in CapEx and OpEx, with production expected to remain flat or grow slightly. The company highlighted a $7 billion free cash flow inflection by 2029, driven by major projects and cost reduction efforts.Conocophillips Financial Statement Overview
Summary
ConocoPhillips exhibits a strong financial position with robust cash flow generation and a stable balance sheet. The company has a solid gross profit margin of 36.79% and a net profit margin of 14.67%. However, the declining EBIT margin from 27.06% to 18.86% indicates some pressure on operating efficiency.Income Statement
ConocoPhillips has shown a solid performance in the TTM period with a gross profit margin of 36.79% and a net profit margin of 14.67%. The revenue growth rate of 4.39% in the TTM indicates a positive trend compared to the previous year. However, the EBIT margin has decreased from 27.06% in 2024 to 18.86% in the TTM, suggesting some pressure on operating efficiency.75
Positive
Balance Sheet
The company's debt-to-equity ratio has improved to 0.36 in the TTM, indicating a stable leverage position. Return on equity is at 13.56%, reflecting decent profitability, though it has decreased from previous years. The equity ratio remains strong, suggesting a solid capital structure.70
Positive
Cash Flow
ConocoPhillips has demonstrated strong cash flow management with a significant free cash flow growth of 140.04% in the TTM. The operating cash flow to net income ratio of 1.66 indicates efficient cash generation relative to net income. The free cash flow to net income ratio of 0.83 shows robust cash flow relative to earnings.80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 60.20B | 54.61B | 56.14B | 78.58B | 46.06B | 18.77B |
| Gross Profit | 18.04B | 16.03B | 18.20B | 29.63B | 14.73B | -646.00M |
| EBITDA | 25.75B | 24.43B | 25.78B | 37.13B | 21.09B | 4.52B |
| Net Income | 8.83B | 9.22B | 10.92B | 18.62B | 8.08B | -2.70B |
Balance Sheet | ||||||
| Total Assets | 122.47B | 122.78B | 95.92B | 93.83B | 90.66B | 62.62B |
| Cash, Cash Equivalents and Short-Term Investments | 6.26B | 6.11B | 6.61B | 9.24B | 6.59B | 7.86B |
| Total Debt | 23.48B | 25.35B | 19.63B | 17.19B | 19.93B | 15.37B |
| Total Liabilities | 57.55B | 57.98B | 46.65B | 45.83B | 45.26B | 32.77B |
| Stockholders Equity | 64.92B | 64.80B | 49.28B | 48.00B | 45.41B | 29.85B |
Cash Flow | ||||||
| Free Cash Flow | 16.62B | 8.01B | 8.72B | 18.16B | 11.67B | 87.00M |
| Operating Cash Flow | 19.93B | 20.12B | 19.96B | 28.31B | 17.00B | 4.80B |
| Investing Cash Flow | -10.19B | -11.15B | -12.00B | -8.74B | -8.54B | -4.12B |
| Financing Cash Flow | -9.71B | -8.84B | -8.66B | -18.05B | -6.33B | -2.71B |
Conocophillips Technical Analysis
Positive
91.37
Price Trends
90.93
Positive
92.44
Negative
92.20
Negative
Market Momentum
-0.29
Negative
56.43
Neutral
73.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COP, the sentiment is Positive. The current price of 91.37 is above the 20-day moving average (MA) of 88.25, above the 50-day MA of 90.93, and below the 200-day MA of 92.20, indicating a neutral trend. The MACD of -0.29 indicates Negative momentum. The RSI at 56.43 is Neutral, neither overbought nor oversold. The STOCH value of 73.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COP.
Conocophillips Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $112.91B | 12.93 | 15.37% | 3.48% | 8.41% | -16.12% | |
74 Outperform | $59.90B | 10.99 | 18.48% | 3.74% | -5.15% | -19.06% | |
74 Outperform | $317.37B | 22.25 | 7.38% | 4.29% | -3.44% | -22.05% | |
74 Outperform | $42.75B | 10.37 | 10.92% | 2.68% | 60.29% | -17.62% | |
72 Outperform | $22.48B | 8.43 | 18.35% | 2.91% | 11.14% | -21.32% | |
67 Neutral | $42.13B | 31.12 | 5.82% | 2.36% | -2.48% | -65.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
COP
Conocophillips
91.37
-19.61
-17.67%
CVX
Chevron
157.62
2.27
1.46%
DVN
Devon Energy
35.84
-1.88
-4.98%
EOG
EOG Resources
110.40
-21.58
-16.35%
OXY
Occidental Petroleum
42.76
-7.12
-14.27%
FANG
Diamondback
149.20
-27.68
-15.65%
Conocophillips Corporate Events
ConocoPhillips Reports Q3 2025 Earnings and Dividend Increase
Nov 7, 2025
ConocoPhillips, a leading global exploration and production company, focuses on delivering reliable and responsibly produced oil and gas, leveraging its diverse portfolio to meet global energy demands. In its third-quarter 2025 earnings report, ConocoPhillips announced an 8% increase in its quarterly dividend and provided preliminary guidance for 2026. The company reported earnings per share of $1.38 and adjusted earnings per share of $1.61, with cash from operations totaling $5.4 billion.
ConocoPhillips Earnings Call Highlights Strong Growth
Aug 12, 2025
The recent earnings call for ConocoPhillips was marked by a strong operational performance and the successful integration of Marathon Oil, promising significant future free cash flow growth. Despite some challenges with working capital and oil market volatility, the positive aspects of the company’s performance and strategic initiatives heavily outweigh these concerns.
ConocoPhillips Reports Strong Q2 2025 Results
Aug 8, 2025
ConocoPhillips is a leading global exploration and production company specializing in the responsible extraction of oil and gas, with a diverse portfolio aimed at meeting global energy demands.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.