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COP Conocophillips PE ratio, current and historical analysis

As of Feb 23, 2024, the COP stock has a P/E ratio of 12.28. The calculation is based on the latest EPS of $9.08 and the stock price of $111.51 per share. An increase of 13% has been observed in the PE ratio compared to its average of 10.9 of the past four quarters.

COP PE ratio history

How has COP's PE ratio performed in the past

The mean historical PE ratio of Conocophillips over the last ten years is 13.9. The current 12.28 price-to-earnings ratio is 12% less than 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.

Average
13.9
Median
11.13
Minimum
7.34
Maximum
52.5

Conocophillips PE ratio by year

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%

COP average PE ratio chart

What is the average PE ratio of COP for the past years

The current PE ratio of COP is under its 3, 5 and 10-year averages.

3-year avg
14.65
5-year avg
13.48
10-year avg
13.9
15-year avg
12.15

COP PE vs peers

What is COP's PE ratio compared to its peers

COP's PE ratio is less than its peer stock HES, but it is above XOM's and CVX's. Conocophillips is currently trading at a higher PE ratio (12.28) than its peers average of 9.08.

Stock name PE ratio Market cap
BP BP plc 6.71 $99.3B
DVN Devon Energy Corp 7.48 $28.2B
MUR Murphy Oil Corp 9.24 $6.01B
MRO Marathon Oil Corp 9.37 $13.85B
XOM Exxon Mobil Corp 10.34 $412.78B
CVX Chevron Corp 11.41 $291.11B
COP Conocophillips 12.31 $131.51B
HES Hess Corp 31.23 $45.94B

Frequently asked questions

What is Conocophillips's PE ratio?

COP's price to earnings ratio is 12.28 as of Feb 23, 2024.

What is the 3-year average PE ratio for Conocophillips (COP)?

As an average over the last 3 years, COP stock has a PE ratio of 14.65.

What is the 5-year average PE ratio for Conocophillips (COP)?

As an average over the last 5 years, COP stock has a PE ratio of 13.48.

What is the highest PE ratio for COP?

Over the last ten years, the Jun 2021 quarter recorded the highest quarterly PE ratio at 52.5.

How does the current PE ratio for COP compare to its historical average?

COP's current price to earnings ratio is 12% below its 10-year historical average.

How is COP's PE ratio calculated (Conocophillips PE ratio formula)?

The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Feb 23, 2024), Conocophillips's share price is $111.51. 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 12.28. PE RATIO(12.28) = STOCK PRICE($111.51) / TTM EPS($9.08)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.