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.
COP
ConocoPhillips
$132.54EnergyDelayed quote: Sep 16, 2026, 4:00 PM EDT
PSX
Phillips 66
$264.63EnergyDelayed quote: Sep 16, 2026, 4:00 PM EDT
Total return — COP vs PSX
growth of $100 · dividends reinvested · last 10yCOP +334.5% (+15.8%/yr)PSX +387.5% (+17.2%/yr)PSX compounded faster over this window
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
| Metric | COP | PSX |
|---|---|---|
| P/E ratio | 17.55 | 15.08 |
| Forward P/E | 12.78 | 9.83 |
| P/S ratio | 2.55 | 0.69 |
| P/B ratio | 2.47 | 3.37 |
| EV / EBITDA | 6.89 | 9.39 |
| FCF yield | 3.88% | 6.03% |
Profitability
| Metric | COP | PSX |
|---|---|---|
| Gross margin | 27.68% | 9.78% |
| Operating margin | 21.92% | 6.67% |
| Net margin | 14.65% | 4.62% |
| ROE | 14.20% | 22.51% |
| ROIC | 7.85% | 12.71% |
Dividends
| Metric | COP | PSX |
|---|---|---|
| Dividend yield | 2.45% | 1.93% |
| Payout ratio | 44.50% | 28.55% |
Growth (annualized)
| Metric | COP | PSX |
|---|---|---|
| Revenue CAGR (5Y) | 16.71% | 13.56% |
| EPS CAGR (5Y) | N/A | 8.08% |
| 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.
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 September 13, 2026.