As of Apr 26, 2024, the COP stock has a P/E ratio of 14.34. The calculation is based on the latest EPS of $9.08 and the stock price of $130.24 per share. An increase of 32% has been observed in the PE ratio compared to its average of 10.9 of the past four quarters.
The mean historical PE ratio of Conocophillips over the last ten years is 14.08. The current 14.34 price-to-earnings ratio is in line with the historical average. Analyzing the last ten years, COP's PE ratio reached its highest point in the Jun 2021 quarter at 52.5, with a price of $60.9 and an EPS of $1.16. The Sep 2022 quarter saw the lowest point at 7.34, with a price of $102.34 and an EPS of $13.94.
Maximum annual increase: 58.36% in 2023
Maximum annual decrease: -31.9% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.78 | 58.36% |
| 2022 | 8.07 | -31.9% |
| 2021 | 11.85 | N/A |
| 2020 | N/A | N/A |
| 2019 | 10.11 | -13.07% |
| 2018 | 11.63 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 12.47 | 31.13% |
The current PE ratio of COP is above its 5 and 10-year averages, but it is under its 3-year average.
COP's PE ratio is less than its peer stocks CVX and HES, but it is above XOM's and BP's. Conocophillips is currently trading at a higher PE ratio (14.34) than its peers average of 11.01.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BP BP plc | 7.49 | $110.89B |
| DVN Devon Energy Corp | 8.99 | $33.47B |
| MRO Marathon Oil Corp | 10.85 | $16.03B |
| MUR Murphy Oil Corp | 10.9 | $7.09B |
| XOM Exxon Mobil Corp | 13.27 | $468.05B |
| COP Conocophillips | 14.34 | $153.22B |
| CVX Chevron Corp | 14.54 | $308.1B |
| HES Hess Corp | 35.96 | $49.92B |
COP's price to earnings ratio is 14.34 as of Apr 26, 2024.
As an average over the last 3 years, COP stock has a PE ratio of 14.65.
As an average over the last 5 years, COP stock has a PE ratio of 13.66.
Over the last ten years, the Jun 2021 quarter recorded the highest quarterly PE ratio at 52.5.
COP's current price to earnings ratio is 1.8% above its 10-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 26, 2024), Conocophillips's share price is $130.24. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $9.08. Therefore, Conocophillips's price to earnings ratio for today is 14.34. PE RATIO(14.34) = STOCK PRICE($130.24) / TTM EPS($9.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.