Large independent exploration and production company with oil and gas assets across the United States and international basins.MoreShow less
Profile & Fundamentals
ConocoPhillips (COP.NYSE) Profile & Fundamentals
Review ConocoPhillips reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
ConocoPhillips: Company Profile & Ownership
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. It serves in the United States, Canada, China, Equatorial Guinea, Libya, Malaysia, Norway, Singapore, the United Kingdom, and internationally. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.
Company profile record
ConocoPhillips
Common Stock · Energy · Oil & Gas Exploration & Production
Company
- Company / asset
- ConocoPhillips
- Security type
- Common Stock
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- HQ
- 🇺🇸 United States
- Head office
- 925 North Eldridge Parkway, Houston, TX, United States, 77079-2703
Leadership & scale
- Chief executive
- Mr. Andrew M. O'Brien
- CEO year born
- 1975
- Full-time employees
- 9.6K
- Fiscal year end
- December
- IPO date
- 1981-12-31
Fundamentals snapshot
- Market Cap
- USD 162.1B
- P/E
- 14.0x
- Revenue (Q3 26)
- USD 19.4B
- Profit (Q3 26)
- USD 4.0B
- Dividend Yield
- 1.7%
- Revenue (FY 25)
- USD 58.9B
- Shares in public float
- 1.2B
- Insider ownership
- 0.1%
Reporting & identifiers
- Symbol
- COP.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US20825C1045
- Asset ID
- equity_0579a633-c87b-5164-baf2-d61c68124a89
ConocoPhillips: Ownership
Shares Outstanding
Latest: 1.2B | Max: 1.3B | Min: 1.1B
Latest reported ownership snapshot
Float Shares
98.65%
1.2B latest reported shares
Insider Ownership
0.10%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 1,198,276,000 |
| 2018-01-01 | 1,159,305,000 |
| 2019-01-01 | 1,099,786,000 |
| 2020-01-01 | 1,073,580,000 |
| 2021-01-01 | 1,320,829,000 |
| 2022-01-01 | 1,223,856,100 |
| 2023-01-01 | 1,189,903,000 |
| 2024-01-01 | 1,209,163,000 |
| 2025-01-01 | 1,233,956,000 |
| 2026-01-01 | 1,195,864,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 93,886,457 | 7.94% | 2026-06-30 |
| Vanguard Capital Management, LLC | 79,600,198 | 6.73% | 2026-06-30 |
| State Street Corp | 65,828,184 | 5.57% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 44,817,455 | 3.79% | 2026-06-30 |
| Charles Schwab Investment Management Inc | 41,476,189 | 3.51% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 38,136,012 | 3.23% | 2026-09-30 |
| JPMorgan Chase & Co | 38,047,399 | 3.22% | 2026-06-30 |
| Schwab US Dividend Equity ETF™ | 34,205,874 | 2.89% | 2026-10-31 |
| Vanguard 500 Index Investor | 31,546,509 | 2.67% | 2026-09-30 |
| Capital Research & Mgmt Co - Division 3 | 28,905,122 | 2.44% | 2026-06-30 |
| FMR Inc | 28,697,376 | 2.43% | 2026-06-30 |
| Geode Capital Management, LLC | 28,693,740 | 2.43% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 28,503,663 | 2.41% | 2026-06-30 |
| State Street®EngySelSectSPDR®ETF | 21,936,440 | 1.86% | 2026-10-30 |
| Morgan Stanley - Brokerage Accounts | 18,170,204 | 1.54% | 2026-06-30 |
ConocoPhillips: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
ConocoPhillips experienced a dramatic earnings surge in mid-2026, highlighted by second-quarter revenue reaching $19.16 billion and net income doubling year-over-year to $3.93 billion. This earnings acceleration was heavily propelled by war-inflated international crude realizations above $100 per barrel, combined with fresh volume contributions from acquired Marathon Oil properties. However, investors should distinguish between cyclical price windfalls and structural business growth. While headline trailing free cash flow appears exceptionally large, normalized through-cycle cash generation is closer to $12-$14 billion annually. The core business generates reliable profits, but headline earnings will inevitably moderate as geopolitical risk premiums soften over the coming years.
ConocoPhillips experienced a dramatic earnings surge in mid-2026, highlighted by second-quarter revenue reaching $19.16 billion and net income doubling year-over-year to $3.93 billion. This earnings acceleration was heavily propelled by war-inflated international crude realizations above $100 per barrel, combined with fresh volume contributions from acquired Marathon Oil properties. However, investors should distinguish between cyclical price windfalls and structural business growth. While headline trailing free cash flow appears exceptionally large, normalized through-cycle cash generation is closer to $12-$14 billion annually. The core business generates reliable profits, but headline earnings will inevitably moderate as geopolitical risk premiums soften over the coming years.
Revenue, Net Income, and Free Cash Flow
Latest: USD 58.9B | Max: USD 78.5B | Min: USD -3.6B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 15x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins expanded aggressively into mid-2026, with operating margins rebounding toward 22% as high realized crude prices flowed straight to the bottom line. Unconventional drilling efficiencies and cost synergies from Marathon acreage have successfully anchored corporate cash operating costs below $35 per barrel. While gross profit margins will naturally fluctuate alongside international oil prices, the company's low-cost resource base protects baseline profitability against cyclical slumps. Even if oil prices drop toward $70 per barrel, ConocoPhillips' structural operating moat ensures it generates healthy double-digit profit margins that comfortably lead the exploration and production sector.
Profitability margins expanded aggressively into mid-2026, with operating margins rebounding toward 22% as high realized crude prices flowed straight to the bottom line. Unconventional drilling efficiencies and cost synergies from Marathon acreage have successfully anchored corporate cash operating costs below $35 per barrel. While gross profit margins will naturally fluctuate alongside international oil prices, the company's low-cost resource base protects baseline profitability against cyclical slumps. Even if oil prices drop toward $70 per barrel, ConocoPhillips' structural operating moat ensures it generates healthy double-digit profit margins that comfortably lead the exploration and production sector.
Profitability Margins
Latest: 25.1% | Max: 38.2% | Min: -17.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
25.1%
Gross profit / revenue
Operating Margin
19.2%
Operating income / revenue
Net Margin
13.6%
Net income / revenue
FCF Margin
12.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 23,693,000,000 | -3,615,000,000 | -466,000,000 |
| 2017-12-31 | 29,106,000,000 | -855,000,000 | 2,486,000,000 |
| 2018-12-31 | 36,417,000,000 | 6,257,000,000 | 6,184,000,000 |
| 2019-12-31 | 32,567,000,000 | 7,189,000,000 | 4,468,000,000 |
| 2020-12-31 | 18,784,000,000 | -2,701,000,000 | 87,000,000 |
| 2021-12-31 | 45,828,000,000 | 8,079,000,000 | 11,672,000,000 |
| 2022-12-31 | 78,494,000,000 | 18,680,000,000 | 18,155,000,000 |
| 2023-12-31 | 56,141,000,000 | 10,957,000,000 | 8,717,000,000 |
| 2024-12-31 | 54,745,000,000 | 9,245,000,000 | 8,006,000,000 |
| 2025-12-31 | 58,944,000,000 | 7,988,000,000 | 7,243,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 14.5 | Trailing four quarters |
| 2024-12-31 | 13 | Trailing four quarters |
| 2023-12-31 | 12.6 | Trailing four quarters |
| 2022-12-31 | 7.7 | Annual net income |
| 2021-12-31 | 11.8 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | -4.25 | -17.43 | -15.26 | -1.97 |
| 2017-12-31 | 15.89 | 8.43 | -2.94 | 8.54 |
| 2018-12-31 | 30.08 | 25.09 | 17.18 | 16.98 |
| 2019-12-31 | 28.6 | 21.68 | 22.07 | 13.72 |
| 2020-12-31 | 4.48 | -9.58 | -14.38 | 0.46 |
| 2021-12-31 | 32.22 | 26.34 | 17.63 | 25.47 |
| 2022-12-31 | 38.24 | 32.44 | 23.8 | 23.13 |
| 2023-12-31 | 32.42 | 26.76 | 19.52 | 15.53 |
| 2024-12-31 | 29.93 | 23.35 | 16.89 | 14.62 |
| 2025-12-31 | 25.09 | 19.24 | 13.55 | 12.29 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-10.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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