ConocoPhillips is an international energy company and is considered the third largest US oil company.
P/E ratio for ConocoPhillips (COP)
P/E ratio as of June 2023 (TTM): 8.36
According to ConocoPhillips's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.36473. At the end of 2021 the company had a P/E ratio of 11.9.
P/E ratio history for ConocoPhillips from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 11.9 | -174.34% |
| 2020 | -16.0 | -258.16% |
| 2019 | 10.1 | -12.9% |
| 2018 | 11.6 | -110.36% |
| 2017 | -112 | 550.14% |
| 2016 | -17.2 | 32.11% |
| 2015 | -13.0 | -204.81% |
| 2014 | 12.4 | 30.68% |
| 2013 | 9.52 | 24.13% |
| 2012 | 7.67 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PetroChina 601857.SS | 9.06 | 8.27% | 🇨🇳 China |
 BP BP | 4.20 | -49.77% | 🇬🇧 UK |
 Marathon Oil
MRO | 5.94 | -28.94% | 🇺🇸 USA |
 Exxon Mobil XOM | 7.35 | -12.15% | 🇺🇸 USA |
 Chevron CVX | 8.59 | 2.67% | 🇺🇸 USA |
 Devon Energy
DVN | 5.44 | -34.96% | 🇺🇸 USA |
 Hess HES | 19.6 | 134.46% | 🇺🇸 USA |
 Murphy Oil
MUR | 4.80 | -42.58% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.