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 September 13, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnCOP vs PSX

growth of $100 · dividends reinvested · last 10y
COP +334.5% (+15.8%/yr)PSX +387.5% (+17.2%/yr)PSX compounded faster over this window
100200300400500Start $10020182020202220242026$435$488
COP PSX

COP vs PSX: by the numbers

  • COP is the larger company ($161.47B vs $106.10B market cap).
  • PSX trades at the lower trailing earnings multiple (15.08 vs 17.55 P/E), one valuation lens rather than an overall verdict.
  • COP converts more revenue to profit (14.65% vs 4.62% net margin).
  • COP grew revenue faster over the past five years (16.71% vs 13.56% CAGR).
  • COP pays the higher dividend yield (2.45% vs 1.93%).

Metrics side by side

Valuation

MetricCOPPSX
P/E ratio17.5515.08
Forward P/E12.789.83
P/S ratio2.550.69
P/B ratio2.473.37
EV / EBITDA6.899.39
FCF yield3.88%6.03%

Profitability

MetricCOPPSX
Gross margin27.68%9.78%
Operating margin21.92%6.67%
Net margin14.65%4.62%
ROE14.20%22.51%
ROIC7.85%12.71%

Dividends

MetricCOPPSX
Dividend yield2.45%1.93%
Payout ratio44.50%28.55%

Growth (annualized)

MetricCOPPSX
Revenue CAGR (5Y)16.71%13.56%
EPS CAGR (5Y)N/A8.08%
FCF CAGR (5Y)35.98%35.99%
Total return CAGR (5Y)24.18%36.21%

Frequently asked

Which has the lower trailing P/E, COP or PSX?
PSX has the lower trailing P/E: COP trades at 17.55 and PSX at 15.08. 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 16.71% CAGR versus PSX at 13.56%.
Does COP or PSX pay a bigger dividend?
COP yields 2.45% and PSX yields 1.93% based on trailing dividends and the latest price.
Is COP or PSX more profitable?
COP runs the higher net margin — COP at 14.65% versus PSX at 4.62%.
How have COP and PSX total returns compared?
Over the past 10 years, COP delivered 16.10% and PSX delivered 17.07% annualized total return. Past performance doesn't predict future results.

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 September 13, 2026.