ConocoPhillips (COP) vs Phillips 66 (PSX)
A side-by-side comparison of ConocoPhillips and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 1, 2026. Differences are shown without an overall score or investment verdict.
COP
ConocoPhillips
$120.48EnergyAt close: Jul 31, 2026, 4:00 PM ET
PSX
Phillips 66
$211.68EnergyAt close: Jul 31, 2026, 4:00 PM ET
Total return — COP vs PSX
growth of $100 · dividends reinvested · last 14yCOP +246.9%PSX +899.7%PSX compounded faster
COP PSX
COP vs PSX: by the numbers
- •COP is the larger company ($146.78B vs $84.87B market cap).
- •COP trades at the lower trailing earnings multiple (20.49 vs 20.86 P/E), one valuation lens rather than an overall verdict.
- •COP converts more revenue to profit (12.56% vs 3.04% net margin).
- •COP grew revenue faster over the past five years (20.71% vs 15.79% CAGR).
- •COP pays the higher dividend yield (2.74% vs 2.33%).
Metrics side by side
Valuation
| Metric | COP | PSX |
|---|---|---|
| P/E ratio | 20.49 | 20.86 |
| Forward P/E | 12.54 | 10.08 |
| P/S ratio | 2.53 | 0.63 |
| P/B ratio | 2.29 | 2.99 |
| PEG ratio | N/A | 0.10 |
| EV / EBITDA | 7.35 | 11.43 |
| FCF yield | 10.43% | 0.14% |
Profitability
| Metric | COP | PSX |
|---|---|---|
| Gross margin | 29.18% | 7.04% |
| Operating margin | 18.28% | 4.67% |
| Net margin | 12.56% | 3.04% |
| ROE | 11.34% | 14.45% |
| ROIC | 6.54% | 4.75% |
Dividends
| Metric | COP | PSX |
|---|---|---|
| Dividend yield | 2.74% | 2.33% |
| Payout ratio | 51.89% | 45.57% |
Growth (annualized)
| Metric | COP | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 20.71% | 15.79% |
| EPS CAGR (5Y) | N/A | 8.08% |
| FCF CAGR (5Y) | 97.59% | 19.54% |
| Total return CAGR (5Y) | 20.67% | 28.36% |
Frequently asked
- Which has the lower trailing P/E, COP or PSX?
- COP has the lower trailing P/E: COP trades at 20.49 and PSX at 20.86. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, COP or PSX?
- Over the past five years, COP grew revenue faster — COP at a 20.71% CAGR versus PSX at 15.79%.
- Does COP or PSX pay a bigger dividend?
- COP yields 2.74% and PSX yields 2.33% based on trailing dividends and the latest price.
- Is COP or PSX more profitable?
- COP runs the higher net margin — COP at 12.56% versus PSX at 3.04%.
Go deeper
Dig into the metrics
ConocoPhillips P/E ratioPhillips 66 P/E ratioConocoPhillips dividend yieldPhillips 66 dividend yieldConocoPhillips ROEPhillips 66 ROEConocoPhillips operating marginPhillips 66 operating marginConocoPhillips revenue growthPhillips 66 revenue growthConocoPhillips free cash flowPhillips 66 free cash flow
ConocoPhillips & Phillips 66 appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 1, 2026.