P/E ratio for ConocoPhillips (COP)

P/E ratio history for ConocoPhillips from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Hess HES	27.9	127.02%	🇺🇸 USA
Marathon Oil MRO	10.5	-14.32%	🇺🇸 USA
Exxon Mobil XOM	11.9	-3.19%	🇺🇸 USA
Chevron CVX	11.9	-2.74%	🇺🇸 USA
Devon Energy DVN	5.24	-57.31%	🇺🇸 USA
PetroChina 601857.SS	9.07	-26.15%	🇨🇳 China
BP BP	3.34	-72.77%	🇬🇧 UK
Murphy Oil MUR	6.84	-44.30%	🇺🇸 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.