ConocoPhillips (COP)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
ConocoPhillips (COP) trades at $104.73 with AI Score 78/100 (Grade A). ConocoPhillips is a leading global exploration and production company focused on maximizing shareholder value through disciplined capital allocation and operational excellence. Market cap: $127.59B, Sector: Energy.
Price live · AI analysis from May 10, 2026COP stock analysis for 2026: Analysts have set a consensus price target of $115.93 for ConocoPhillips, suggesting 10.7% upside from the current price of $104.73. The AI MoonshotScore is 78/100, indicating a strong bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
COP: 1/1 perspectives are bullish.
How is this calculated? →ConocoPhillips (COP) Energy Operations & Outlook
ConocoPhillips, a major player in the Oil & Gas Exploration & Production sector, focuses on exploring, producing, and marketing crude oil, natural gas, LNG, and NGLs worldwide. With a diversified portfolio and a strategic emphasis on operational efficiency, ConocoPhillips aims to deliver competitive returns and sustainable growth.
What Is the Investment Thesis for COP?
ConocoPhillips presents a compelling investment case based on its diversified asset portfolio, disciplined capital allocation strategy, and commitment to shareholder returns. With a market capitalization of $127.59B and a P/E ratio of 12.1, the company demonstrates financial stability and profitability. A key value driver is its focus on low-cost production and operational efficiency, contributing to a healthy profit margin of 12.6% and a gross margin of 29.2%. Upcoming catalysts include potential production increases from key assets in North America and ongoing LNG developments. However, potential risks include commodity price volatility and geopolitical uncertainties. The company's beta of 0.19 suggests lower volatility compared to the broader market. ConocoPhillips's dividend yield of 2.85% offers an attractive income stream for investors. The company's strategic focus on sustainable operations and technological innovation positions it for long-term growth and value creation.
Based on FMP financials and quantitative analysis
COP Key Highlights
- Market capitalization of $127.59B reflects ConocoPhillips's significant size and influence in the energy sector.
- P/E ratio of 12.1 indicates a reasonable valuation relative to earnings.
- Profit margin of 12.6% demonstrates the company's ability to generate profits from its operations.
- Gross margin of 29.2% showcases the efficiency of ConocoPhillips's production and cost management.
- Dividend yield of 2.85% provides an attractive income stream for investors.
Who Are COP's Competitors?
COP is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| TTE TotalEnergies SE | $76.69 | +2.53% | $170.79B | 50 |
| PBR Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company | $16.11 | +0.75% | $103.82B | 51 |
| ENB Enbridge Inc. | $54.08 | +1.49% | $118.09B | 61 |
| BP BP p.l.c. | $37.40 | +3.46% | $98.08B | 53 |
| EQNR Equinor ASA is an energy company involved in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, as well as other forms of energy. The company | $32.04 | +2.66% | $81.22B | 56 |
| EXE Expand Energy Corporation | $90.72 | +1.28% | $21.70B | 72 |
| VIST Vista Energy, S.A.B. de C.V. | $60.36 | -3.72% | $6.29B | 68 |
| ATUUF Tenaz Energy Corp. | $32.28 | -1.88% | $1.06B | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are COP's Key Strengths?
- Diversified asset portfolio across multiple geographies and resource types.
- Strong financial position with a healthy balance sheet.
- Focus on low-cost production and operational efficiency.
- Technological expertise in exploration, development, and production.
What Are COP's Weaknesses?
- Exposure to commodity price volatility.
- Dependence on fossil fuels in a world transitioning to renewable energy.
- Geopolitical risks in certain operating regions.
- Environmental liabilities associated with oil and gas production.
What Could Drive COP Stock Higher?
- Development of unconventional resources in North America, driving production growth.
- Expansion of LNG operations to capitalize on increasing global demand.
- Investment in technology and innovation to improve operational efficiency and reduce costs.
- Potential strategic acquisitions and partnerships to expand asset base and geographic reach.
- Focus on sustainable operations and reducing environmental footprint.
What Are the Key Risks for COP?
- Insider selling — insiders were net sellers of roughly $96.9M recently.
- Commodity price volatility impacting revenue and profitability.
- Geopolitical instability and conflicts in key operating regions.
- Increasing environmental regulations and carbon taxes.
- Declining demand for fossil fuels due to the energy transition.
- Operational risks associated with oil and gas exploration and production.
What Are the Growth Opportunities for COP?
- Expansion of LNG Operations: ConocoPhillips can capitalize on the increasing global demand for LNG by expanding its LNG operations. The global LNG market is projected to reach $64.72 billion in 2024 and is expected to grow to $91.49 billion by 2029. ConocoPhillips's existing LNG developments and infrastructure provide a competitive advantage in capturing a larger share of this growing market. Timeline: Ongoing.
- Development of Unconventional Resources: ConocoPhillips has significant opportunities to further develop its unconventional resources, particularly in North America. The shale gas and tight oil plays offer substantial production potential. By leveraging advanced drilling and completion technologies, ConocoPhillips can increase production and reduce costs. The North American unconventional resources market is expected to continue growing, driven by technological advancements and infrastructure development. Timeline: Ongoing.
- Investment in Technology and Innovation: ConocoPhillips can drive growth by investing in technology and innovation to improve operational efficiency and reduce environmental impact. This includes developing advanced drilling techniques, optimizing production processes, and implementing carbon capture and storage technologies. These investments can lead to lower costs, increased production, and a stronger competitive position. Timeline: Ongoing.
- Strategic Acquisitions and Partnerships: ConocoPhillips can pursue strategic acquisitions and partnerships to expand its asset base and geographic reach. This includes acquiring producing assets, exploration prospects, or companies with complementary capabilities. Strategic partnerships can provide access to new technologies, markets, and resources. Timeline: Upcoming.
- Focus on Sustainable Operations: ConocoPhillips can enhance its long-term value by focusing on sustainable operations and reducing its environmental footprint. This includes investing in renewable energy projects, reducing greenhouse gas emissions, and improving water management practices. By demonstrating a commitment to sustainability, ConocoPhillips can attract environmentally conscious investors and enhance its reputation. Timeline: Ongoing.
What Opportunities Does COP Have?
- Expansion of LNG operations to meet growing global demand.
- Development of unconventional resources in North America and other regions.
- Investment in renewable energy projects and carbon capture technologies.
- Strategic acquisitions and partnerships to expand asset base and geographic reach.
What Threats Does COP Face?
- Declining demand for fossil fuels due to the energy transition.
- Increasing environmental regulations and carbon taxes.
- Geopolitical instability and conflicts in key operating regions.
- Competition from renewable energy sources and other energy companies.
What Are COP's Competitive Advantages?
- Diversified Asset Portfolio: ConocoPhillips's diversified asset portfolio, spanning multiple geographies and resource types, provides a competitive advantage by reducing its exposure to regional risks and commodity price fluctuations.
- Operational Excellence: The company's focus on operational excellence and low-cost production enhances its profitability and competitiveness.
- Technological Expertise: ConocoPhillips's technological expertise in exploration, development, and production enables it to optimize its operations and reduce costs.
- Strong Financial Position: The company's strong financial position provides it with the flexibility to invest in growth opportunities and return capital to shareholders.
What Does COP Do?
ConocoPhillips, tracing its roots back to 1917, has evolved into one of the world's largest independent exploration and production (E&P) companies. The company's core business revolves around discovering, developing, and delivering crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs) globally. Headquartered in Houston, Texas, ConocoPhillips operates across diverse geographies, including North America, Europe, Asia, and Australia. Its asset portfolio encompasses conventional and tight oil reservoirs, shale gas, heavy oil, LNG, and oil sands. ConocoPhillips's strategy emphasizes disciplined capital allocation, operational excellence, and a commitment to environmental stewardship. The company focuses on maximizing shareholder value through a combination of production growth, cost management, and strategic investments. Its operations are organized around key regions and asset types, allowing for specialized expertise and efficient resource management. The company's significant presence in North American unconventional plays, coupled with its international assets and LNG developments, provides a diversified platform for future growth. ConocoPhillips's commitment to innovation and technology further enhances its ability to optimize production and reduce its environmental footprint. With a workforce of 11,800 employees, ConocoPhillips continues to play a vital role in meeting global energy demand.
What Products and Services Does COP Offer?
- Explores for crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs) worldwide.
- Produces crude oil, bitumen, natural gas, LNG, and NGLs from its diverse asset portfolio.
- Transports crude oil, natural gas, and other products through pipelines and other infrastructure.
- Markets crude oil, natural gas, LNG, and NGLs to customers around the globe.
- Engages in conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations.
- Manages a portfolio of unconventional plays in North America and conventional assets in North America, Europe, Asia, and Australia.
How Does COP Make Money?
- ConocoPhillips generates revenue primarily through the sale of crude oil, natural gas, LNG, and NGLs.
- The company focuses on low-cost production and operational efficiency to maximize profitability.
- ConocoPhillips invests in exploration and development activities to expand its asset base and increase production.
- The company utilizes a disciplined capital allocation strategy to prioritize investments and maximize shareholder returns.
What Industry Does COP Operate In?
ConocoPhillips operates within the dynamic and competitive Oil & Gas Exploration & Production industry. The industry is characterized by fluctuating commodity prices, geopolitical risks, and increasing environmental concerns. Market trends include a growing demand for natural gas and LNG, driven by the global energy transition. ConocoPhillips competes with major integrated oil companies like BP p.l.c. (BP) and TotalEnergies SE (TTE), as well as independent E&P companies. The company's focus on low-cost production, technological innovation, and sustainable operations positions it to navigate the evolving energy landscape and capitalize on emerging opportunities.
Who Are COP's Key Customers?
- Refineries that process crude oil into gasoline, jet fuel, and other products.
- Utilities that use natural gas to generate electricity.
- Industrial companies that use natural gas and NGLs as feedstock for manufacturing processes.
- Trading companies that buy and sell crude oil, natural gas, and LNG on global markets.
Net sellingInsider Activity
Over the past six months, ConocoPhillips insiders filed 30 SEC Form 4 transactions — 18 sales and 12 purchases. On net that is roughly 748K shares disposed (about $96.9M), a signal worth weighing alongside the fundamentals.
FY2026 estForward Outlook
Wall Street analysts project ConocoPhillips revenue of about $70.54B for fiscal 2026, with EPS near $9.98. The estimate reflects 6 contributing analysts.
F-Score 8/9Financial Health
ConocoPhillips's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.97 places it in the grey zone, a middle ground that warrants monitoring.
ROE 11%Key Financial Metrics
Return on equity for ConocoPhillips stands at 11.3%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 6.0%, showing how much profit it generates from its asset base. COP trades at a trailing price-to-earnings ratio of 12.09, below the Energy sector average of ~17x. Its free cash flow yield is 12.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.29 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 4.9%, the inverse of the P/E and a quick read on earnings relative to price.
ConocoPhillips (COP) Valuation Context
Valued at $127.59B, COP is classified as a large-cap stock. Relative to its peer group, COP's quantitative score of 78/100 is above the peer average of 54/100.
Company Profile
ConocoPhillips operates in the Oil & Gas Exploration & Production industry within the Energy sector. It is headquartered in Houston, US. The company is led by CEO Ryan Lance. COP has traded publicly since 1981.
COP Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying signals confidence in ConocoPhillips' long-term strategy, suggesting executives believe in the company's future growth.
- Community sentiment has leaned positive as investors express optimism about the energy sector's recovery and rising demand for oil and gas.
- The company has been actively reducing debt, which enhances its financial stability and positions it well for potential market fluctuations.
- Recent announcements regarding new exploration projects have sparked excitement among investors, indicating potential for future revenue growth.
Bear Case
- Concerns over potential regulatory changes in the energy sector have created uncertainty, leading some investors to adopt a cautious stance towards ConocoPhillips.
- Social sentiment has shown mixed feelings, with some community members worried about the volatility in oil prices impacting profitability.
- Recent discussions around climate change and renewable energy investments have raised doubts about the long-term viability of traditional oil and gas companies like ConocoPhillips.
- Market perception has been affected by global economic factors, with fears of a slowdown potentially dampening demand for energy products.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
From the Earnings Call
“For capital spending, we are updating our guidance to a range of $12 billion to $12.5 billion versus our prior guidance of about $12 billion, representing a 2% increase at the midpoint. This increase is due to slightly more Permian activity over the second half of the year; we are adding a rig to keep pace with the completion efficiencies, and we expect higher levels of non-operated spend.”
— Andrew M. O’Brien
“For production, the midpoint of our annual guidance is updated to 2.31 million barrels of oil equivalent per day. This reflects a 20 thousand barrel of oil equivalent per day annual impact due to Qatar being excluded from second-quarter production guidance and a 15 thousand barrel of oil equivalent per day annual royalty rate adjustment at Surmont due to higher prices.”
— Andrew M. O’Brien
COP Q1 FY2026 earnings call transcript · 2026-04-30
COP Latest News
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Shares of oil and gas-related companies are trading lower as vessels transit the Strait of Hormuz under a UN evacuation program. Also, President Trump said he has ordered a DOJ investigation into retail fuel price gouging, which may lead to lower margins going forward.
Benzinga · Jun 24, 2026
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Energy Stocks Could Be a Slick Trade
The Wall Street Journal · Jun 23, 2026
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Exxon Saves Billions, But Margins Still Cut In Half
Trefis · Jun 22, 2026
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Micron To Rally More Than 36%? Here Are 10 Top Analyst Forecasts For Monday
benzinga · Jun 22, 2026
COP Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for COP.
Price Targets
Consensus target: $115.93
COP MoonshotScore
What does this score mean?
The MoonshotScore rates COP's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Shares of oil and gas-related companies are trading lower as vessels transit the Strait of Hormuz under a UN evacuation program. Also, President Trump said he has ordered a DOJ investigation into retail fuel price gouging, which may lead to lower margins going forward.
Energy Stocks Could Be a Slick Trade
Exxon Saves Billions, But Margins Still Cut In Half
Micron To Rally More Than 36%? Here Are 10 Top Analyst Forecasts For Monday
Latest ConocoPhillips Analysis
Leadership: Ryan Lance
Chairman and Chief Executive Officer
Ryan Lance serves as the Chairman and Chief Executive Officer of ConocoPhillips. He joined ConocoPhillips in 1987 and has held various leadership positions throughout his career. Lance has extensive experience in exploration, production, and corporate management. He holds a Bachelor of Science degree in Petroleum Engineering from Texas A&M University and is a member of the Society of Petroleum Engineers.
Track Record: Under Ryan Lance's leadership, ConocoPhillips has focused on disciplined capital allocation, operational excellence, and shareholder returns. He has overseen the company's strategic shift towards low-cost production and the development of its unconventional resources. Lance has also emphasized the importance of sustainability and environmental stewardship. He manages 11,800 employees.
COP Energy Stock FAQ
What does ConocoPhillips do?
ConocoPhillips is an independent exploration and production company that explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company's operations are focused on conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. ConocoPhillips aims to deliver competitive returns and sustainable growth through disciplined capital allocation and operational excellence.
What do analysts say about COP stock?
Analysts generally view ConocoPhillips favorably, citing its diversified asset portfolio, strong financial position, and focus on shareholder returns. Valuation metrics, such as the P/E ratio of 12.1, suggest a reasonable valuation relative to earnings. Key growth considerations include the company's ability to increase production from its unconventional resources and capitalize on the growing demand for LNG. However, analysts also note the risks associated with commodity price volatility and geopolitical uncertainties. Analyst consensus is a neutral summary of the stock's performance.
What are the main risks for COP?
The main risks for ConocoPhillips include commodity price volatility, geopolitical instability, increasing environmental regulations, and the energy transition. Commodity price volatility can significantly impact the company's revenue and profitability. Geopolitical instability in key operating regions can disrupt production and increase costs. Increasing environmental regulations and carbon taxes can increase compliance costs and reduce the competitiveness of fossil fuels. The energy transition poses a long-term threat to the demand for fossil fuels.
How exposed is COP to commodity price fluctuations?
ConocoPhillips's revenue and profitability are significantly exposed to fluctuations in commodity prices, particularly crude oil and natural gas. The company employs hedging strategies to mitigate some of this risk, but it remains vulnerable to price declines. A significant drop in oil or gas prices can negatively impact ConocoPhillips's earnings and cash flow. The company's sensitivity to commodity prices is a key risk factor for investors to consider.
What is ConocoPhillips's production cost structure?
ConocoPhillips's production cost structure includes operating expenses, production taxes, and depreciation, depletion, and amortization (DD&A). The company focuses on low-cost production and operational efficiency to minimize its operating expenses. ConocoPhillips's breakeven price levels vary depending on the asset and region. The company's efficiency metrics, such as production per well and operating costs per barrel of oil equivalent (BOE), are key indicators of its operational performance.
What are the key factors to evaluate for COP?
ConocoPhillips (COP) holds an AI score of 78/100 (high). P/E: 12.1x vs the S&P 500's ~20-25x. Analysts target $115.93 (+11%). Not financial advice.
How frequently does COP data refresh on this page?
COP prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven COP's recent stock price performance?
ConocoPhillips (COP) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified asset portfolio across multiple geographies and resource types. See the News tab for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- Financial metrics are as of the latest available reporting period.