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
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.
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
COP average PE ratio chart
The current PE ratio of COP is under its 3, 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 (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.