COP Conocophillips PE ratio, current and historical analysis
As of Dec 20, 2024, the COP stock has a P/E ratio of 11.27. The calculation is based on the latest EPS of $8.44 and the stock price of $95.12 per share. A decrease of 14% has been observed in the PE ratio compared to its average of 13.1 of the past four quarters.
COP PE ratio history
The mean historical PE ratio of Conocophillips over the last ten years is 14.23. The current 11.27 price-to-earnings ratio is 21% 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.
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
The current PE ratio of COP is above its 3-year average, but it is under its 5 and 10-year averages.
COP PE vs 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 (11.27) than its peers average of 14.41.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DVN Devon Energy Corp | 5.68 | $20.21B |
| MUR Murphy Oil Corp | 9.05 | $4.12B |
| COP Conocophillips | 11.27 | $109.47B |
| XOM Exxon Mobil Corp | 13.18 | $465.31B |
| HES Hess Corp | 14.89 | $39.5B |
| CVX Chevron Corp | 15.63 | $256.71B |
| BP BP plc | 28.04 | $77.67B |
Frequently asked questions
What is Conocophillips's PE ratio?
COP's price to earnings ratio is 11.27 as of Dec 20, 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 10.67.
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 14.15.
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 21% 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 (Dec 20, 2024), Conocophillips's share price is $95.12. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $8.44. Therefore, Conocophillips's price to earnings ratio for today is 11.27. PE RATIO(11.27) = STOCK PRICE($95.12) / TTM EPS($8.44)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.