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COP Conocophillips PE ratio, current and historical analysis

As of Jun 4, 2025, the COP stock has a P/E ratio of 10.89. The calculation is based on the latest EPS of $7.89 and the stock price of $85.95 per share. A decrease of 15% has been observed in the PE ratio compared to its average of 12.8 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 14.15. The current 10.89 price-to-earnings ratio is 23% 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.

Today
10.89
Average
14.15
Median
12.16
Minimum
7.34
Maximum
52.5

Conocophillips PE ratio by year

Maximum annual increase: 58.36% in 2023

Maximum annual decrease: -48.58% in 2010

Year PE ratio PE change Price EPS
2024 12.68 -0.78% $99.17 $7.82
2023 12.78 58.36% $116.07 $9.08
2022 8.07 -31.9% $118 $14.62
2021 11.85 N/A $72.18 $6.09
2020 N/A N/A $39.99 -$2.51
2019 10.11 -13.07% $65.03 $6.43
2018 11.63 N/A $62.35 $5.36
2017 N/A N/A $54.89 -$0.7
2016 N/A N/A $50.14 -$2.91
2015 N/A N/A $46.69 -$3.58
2014 12.47 31.13% $69.06 $5.54
2013 9.51 10.97% $70.65 $7.43
2012 8.57 6.33% $57.99 $6.77
2011 8.06 -9.13% $72.87 $9.04
2010 8.87 -48.58% $68.1 $7.68

Conocophillips PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Mar 2025 13.31 4.97% $105.02 $7.89
Dec 2024 12.68 1.68% $99.17 $7.82
Sep 2024 12.47 -1.89% $105.28 $8.44
Jun 2024 12.71 -11.61% $114.38 $9
Mar 2024 14.38 12.52% $127.28 $8.85
Dec 2023 12.78 -1.77% $116.07 $9.08
Sep 2023 13.01 31.15% $119.8 $9.21
Jun 2023 9.92 25.73% $103.61 $10.44
Mar 2023 7.89 -2.23% $99.21 $12.58
Dec 2022 8.07 9.95% $118 $14.62
Sep 2022 7.34 -0.68% $102.34 $13.94
Jun 2022 7.39 -28.11% $89.81 $12.16
Mar 2022 10.28 -13.25% $100 $9.73
Dec 2021 11.85 -41.25% $72.18 $6.09
Sep 2021 20.17 -61.58% $67.77 $3.36

COP Price vs fair value

How does COP's price compare to its estimated fair value based on its growth

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
11
5-year avg
14.53
10-year avg
14.15
15-year avg
12.11

COP PE vs peers

What is COP's PE ratio compared to its peers

COP's PE ratio is less than its peer stocks XOM and CVX, but it is above DVN's and MUR's. Conocophillips is currently trading at a lower PE ratio (10.89) than its peers average of 12.6.

Stock name PE ratio Market cap
DVN Devon Energy Corp 7.16 $20.26B
MUR Murphy Oil Corp 8.24 $3.09B
COP Conocophillips 10.89 $108.5B
XOM Exxon Mobil Corp 13.57 $440.88B
CVX Chevron Corp 15.65 $239.9B
HES Hess Corp 18.38 $41.27B
BP BP plc N/A $76.24B

Frequently asked questions

What is Conocophillips's PE ratio?

COP's price to earnings ratio is 10.89 as of Jun 4, 2025.

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 11.0.

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 14.53.

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 23% 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 (Jun 4, 2025), Conocophillips's share price is $85.95. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $7.89. Therefore, Conocophillips's price to earnings ratio for today is 10.89. PE RATIO(10.89) = STOCK PRICE($85.95) / TTM EPS($7.89)

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