ConocoPhillips (COP) vs Phillips 66 (PSX)

COP leads on 10 of 16 compared metrics, though PSX is the cheaper stock.

A side-by-side comparison of ConocoPhillips and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 17, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — COP vs PSX

growth of $100 · last 14y
COP +94.1%PSX +396.3%PSX compounded faster
0100200300400500Start $1002015201820212024$194$496
COP PSX

COP vs PSX: by the numbers

  • COP is the larger company ($134.58B vs $67.82B market cap).
  • PSX trades at the lower earnings multiple (16.95 vs 18.94 P/E).
  • 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 (2.96% vs 2.87%).

Which is better, COP or PSX?

Metric tally: COP 10 · PSX 6

It depends on what you're optimizing for:

ValuePSX(lower P/E)
GrowthCOP(faster 5Y revenue CAGR)
IncomeCOP(higher dividend yield)
QualityCOP(higher ROIC)

Metrics side by side

Valuation

MetricCOPPSX
P/E ratio18.9416.95
Forward P/E12.389.99
P/S ratio2.340.51
P/B ratio2.112.43
PEG ratio0.10
EV / EBITDA6.299.94
FCF yield11.27%0.17%

Profitability

MetricCOPPSX
Gross margin29.18%7.04%
Operating margin18.28%4.67%
Net margin12.56%3.04%
ROE11.34%14.45%
ROIC6.54%4.75%

Dividends

MetricCOPPSX
Dividend yield2.96%2.87%
Payout ratio51.89%45.57%

Growth (annualized)

MetricCOPPSX
Revenue CAGR (5Y)20.71%15.79%
EPS CAGR (5Y)-0.18%8.08%
FCF CAGR (5Y)97.59%-16.26%
Total return CAGR (5Y)17.49%18.68%

Frequently asked

Which is better, COP or PSX?
It depends on your goal. value: PSX (lower P/E); growth: COP (faster 5Y revenue CAGR); income: COP (higher dividend yield); quality: COP (higher ROIC). Across all compared metrics, COP leads 10 to 6.
Is COP or PSX cheaper?
On trailing earnings, PSX is cheaper: COP trades at a 18.94 P/E and PSX at 16.95.
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 2.96% and PSX yields 2.87% 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%.
Which has been the better investment, COP or PSX?
Over the past 10-year, COP delivered the higher annualized total return — COP at 13.06% versus PSX at 12.08%. 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 June 17, 2026.