ConocoPhillips
COP
#103
Rank
$131.18 B
Marketcap
$111.51
Share price
-0.63%
Change (1 day)
5.34%
Change (1 year)

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 February 2024 (TTM): 12.2

According to ConocoPhillips's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.1736. At the end of 2022 the company had a P/E ratio of 8.10.

P/E ratio history for ConocoPhillips from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20228.10-31.85%
202111.9-174.34%
2020-16.0-258.16%
201910.1-12.9%
201811.6-113.54%
2017-85.8397.76%
2016-17.232.11%
2015-13.0-204.81%
201412.430.68%
20139.5210.67%
20128.6039.86%
20116.15-8.99%
20106.76-48.61%
200913.2-457.06%
2008-3.68-140%
20079.2163.86%
20065.6223.16%
20054.56-18.93%
20045.63-21.18%
20037.14-110.26%
2002-69.6-951.5%
20018.17

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.3-15.51%๐Ÿ‡จ๐Ÿ‡ณ China
4.10-66.32%๐Ÿ‡ฌ๐Ÿ‡ง UK
8.74-28.22%๐Ÿ‡บ๐Ÿ‡ธ USA
10.3-15.29%๐Ÿ‡บ๐Ÿ‡ธ USA
11.4-6.03%๐Ÿ‡บ๐Ÿ‡ธ USA
5.98-50.89%๐Ÿ‡บ๐Ÿ‡ธ USA
28.7 135.83%๐Ÿ‡บ๐Ÿ‡ธ USA
8.28-32.02%๐Ÿ‡บ๐Ÿ‡ธ 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.