As of Jul 25, 2024, the COP stock has a P/E ratio of 12.55. The calculation is based on the latest EPS of $8.85 and the stock price of $111.03 per share. The PE ratio currently is comparable to its last 4-quarter average.
The mean historical PE ratio of Conocophillips over the last ten years is 14.19. The current 12.55 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.
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 3-year average, but it is under its 5 and 10-year averages.
COP's PE ratio is less than its peer stocks XOM and CVX, but it is above BP's and DVN's. Conocophillips is currently trading at a lower PE ratio (12.55) than its peers average of 13.39.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DVN Devon Energy Corp | 8.79 | $29.29B |
| BP BP plc | 10.68 | $99.39B |
| MUR Murphy Oil Corp | 11.12 | $6.14B |
| MRO Marathon Oil Corp | 11.52 | $15.72B |
| COP Conocophillips | 12.53 | $129.65B |
| XOM Exxon Mobil Corp | 14.38 | $462.63B |
| CVX Chevron Corp | 14.45 | $291.53B |
| HES Hess Corp | 22.9 | $46.29B |
COP's price to earnings ratio is 12.55 as of Jul 25, 2024.
As an average over the last 3 years, COP stock has a PE ratio of 11.19.
As an average over the last 5 years, COP stock has a PE ratio of 13.94.
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 12% below 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 (Jul 25, 2024), Conocophillips's share price is $111.03. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $8.85. Therefore, Conocophillips's price to earnings ratio for today is 12.55. PE RATIO(12.55) = STOCK PRICE($111.03) / TTM EPS($8.85)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.