Reading the tape
NYSE: COP
ConocoPhillips
Energy · Oil & Gas Exploration & Production
Market Cap
$150.92B
52w High
$135.87
52w Low
$84.28
P/E
20.70
Volume
3.12M
Outstanding Shares
1.22B
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 41.44%Revenue (TTM): 1.81%FCF (TTM): 111.33%P/FCF: 19th pct
What changed
The stock rose 41.44% over the last year. Revenue grew 1.81% over the trailing twelve months. Operating margin moved from 23.65% to 18.28%. Free cash flow grew 111.33% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 18.28%. A decisive move in revenue — currently up 1.81% — would be the clearest signal to resolve the ambiguity.
Company profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide.
CEORyan Lance
SectorEnergy
IndustryOil & Gas Exploration & Production
Employees11,800
IPO dateDec 31, 1981
Valuation
Forward P/E—
EV/EBITDA5.79
Enterprise value$134.15B
Stock splits
May 1, 2012↑ Forward
Every 1000000 shares became 1311791
Jun 2, 2005↑ Forward
Every 1 shares became 2
Jul 5, 1985↑ Forward
Every 1 shares became 3
Jun 13, 1977↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth-2.45%
Gross margin29.18%▼16.07%vs FY2024
Operating margin18.28%▼16.36%vs FY2024
ROE12.39%▼12.93%vs FY2024
Analyst consensus
RatingBuy
Target price$127.07▲2.62%
38
Buy
11
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $2.75 · Revenue est $17.87B
View
Dividends
$3.30/shareQuarterlyEx-div May 11, 2026 · in 7dSafeCOP pays a dividend with a 2.67% declared yield, growing at 13.48% annually, covered 4.2× by free cash flow.
Declared Yield
2.67%
Annual Div / Share
$3.30
5yr CAGR
+13.48%
Doubles every ~5.5yr
Payout Ratio
55.03%
Safe
Dividend Growth Rate
3yr CAGR
-13.95%
5yr CAGR
+13.48%
10yr CAGR
+0.79%
Dividend Safety
9/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$3.18+1.9%
2024$3.12-20.2%
2023$3.91-21.6%
2022$4.99+155.9%
2021$1.95+15.4%
2020$1.69+26.6%
2019$1.33+15.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$27/yr
$2/mo
In 5 yrs
$47/yr+76%
$4/mo
In 10 yrs
$83/yr+211%
$7/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$27/yr $2/mo | $47/yr+76% $4/mo | $83/yr+211% $7/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 2.67% → 8.28% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 4.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 13.48% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.
Congressional Activity
Congress Trades in COP
STOCK Act disclosures from senators and representatives.
Markwayne Mullin
OKsenateRepublicanPurchaseJoint2025-12-29$15,001 - $50,000+17d to disclose