ConocoPhillips (COP) Enterprise Value (EV): $134.15B
The enterprise value (EV) for ConocoPhillips (COP) is $134.15B as of Tuesday, June 9, 2026.
COP Enterprise Value (EV) Metrics
ENTERPRISE VALUE (EV)
$134.15B
COP Competitors' Enterprise Value (EV)
| NAME | MARKET CAP | ENTERPRISE VALUE (EV) |
|---|---|---|
| ConocoPhillips (COP) | — | $134.15B |
| SLB N.V. (SLB) | $83.50B | $65.73B |
| Marathon Petroleum Corporation (MPC) | $75.36B | $80.29B |
| Valero Energy Corporation (VLO) | $75.36B | $57.32B |
| EOG Resources, Inc. (EOG) | $73.15B | $61.64B |
| Phillips 66 (PSX) | $71.77B | $74.16B |
| Occidental Petroleum Corporation (OXY) | $56.25B | $62.08B |
| Antero Midstream Corporation (AM) | $10.10B | $11.54B |
| Helmerich & Payne, Inc. (HP) | $3.79B | $4.29B |
| Chevron Corporation (CVX) | $371.97B | $322.08B |
Enterprise Value Calculation
Market Cap
$142.28B
Total Debt
$23.44B
Cash
$6.50B
Enterprise Value
$134.15B
EV-Based Valuation Multiples
Why use EV instead of Market Cap?
- EV accounts for debt - an acquirer must pay or assume it
- EV deducts cash - the acquirer effectively receives it
- EV enables fair comparison of companies with different capital structures
- EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral
ConocoPhillips Enterprise Value (EV) Formula & Definition
Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
ConocoPhillips Enterprise Value (EV) FAQ
- What is the enterprise value (EV) for ConocoPhillips (COP)?
- The enterprise value (EV) for COP stock is $134.15B.
Related Metrics
About ConocoPhillips
ConocoPhillips is an energy company that engages in the global exploration, production, transportation, and marketing of various resources, including crude petroleum, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs). Its primary operations are centered on both conventional and tight oil formations, shale gas, heavy crude, LNG developments, and oil sands projects. The company's extensive portfolio includes unconventional resources located in North America; established conventional assets spanning North America, Europe, Asia, and Australia; numerous LNG ventures; oil sands properties within Canada; and a significant inventory of potential conventional and unconventional exploration opportunities. ConocoPhillips was established in 1917 and its corporate headquarters are situated in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Ryan Lance