ConocoPhillips (COP) Operating Margin: 19.58%
Is ConocoPhillips’s operating margin high or low?
ConocoPhillips's operating margin of 19.58% is in line with its 5-year average of 19.93%, around the middle of its 5-year range (-9.75%–32.63%).
The operating margin for ConocoPhillips (COP) is 19.58% as of Tuesday, June 9, 2026. It is below its 12-month average by 8.91% (21.49%).
COP Operating Margin Chart
COP Average Operating Margin Chart
COP Current vs Average Operating Margin Chart
COP Operating Margin Metrics
OPERATING MARGIN
19.58%
OPERATING MARGIN AVG TTM
21.49%
OPERATING MARGIN AVG 3Y
25.61%
OPERATING MARGIN AVG 5Y
19.93%
OPERATING MARGIN AVG 10Y
12.65%
OPERATING MARGIN AVG 15Y
14.56%
OPERATING MARGIN AVG 20Y
13.72%
CURRENT VS TTM AVG
-8.91%
CURRENT VS 3Y AVG
-23.54%
CURRENT VS 5Y AVG
-1.73%
CURRENT VS 10Y AVG
+54.73%
CURRENT VS 15Y AVG
+34.44%
CURRENT VS 20Y AVG
+42.73%
COP Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ConocoPhillips (COP) | — | 19.58% | 21.49% | 25.61% | 19.93% |
| SLB N.V. (SLB) | $83.50B | 15.28% | 16.36% | 16.02% | 13.86% |
| Marathon Petroleum Corporation (MPC) | $75.36B | 4.35% | 4.06% | 6.83% | 2.22% |
| Valero Energy Corporation (VLO) | $75.36B | 3.51% | 3.20% | 5.87% | 3.82% |
| EOG Resources, Inc. (EOG) | $73.15B | 35.14% | 34.86% | 36.23% | 28.41% |
| Phillips 66 (PSX) | $71.77B | 2.66% | 2.14% | 3.95% | 2.34% |
| Occidental Petroleum Corporation (OXY) | $56.25B | 17.24% | 19.63% | 24.70% | 17.59% |
| Antero Midstream Corporation (AM) | $10.10B | 51.20% | 53.61% | 54.17% | 43.65% |
| Helmerich & Payne, Inc. (HP) | $3.79B | 6.20% | 11.29% | 11.09% | -4.30% |
| Chevron Corporation (CVX) | $371.97B | 9.04% | 12.04% | 14.55% | 10.20% |
Operating Efficiency
Gross Margin
24.6%
Operating Margin
19.6%
ConocoPhillips Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
ConocoPhillips Operating Margin FAQ
- What is the operating margin for ConocoPhillips (COP)?
- The operating margin for COP stock is 19.58%.
- Is ConocoPhillips's operating margin high or low?
- ConocoPhillips's operating margin of 19.58% is in line with its 5-year average of 19.93%, around the middle of its 5-year range (-9.75%–32.63%).
- What is the TTM average operating margin for ConocoPhillips (COP)?
- The TTM average operating margin for COP stock is 21.49%.
- What is the 3Y average operating margin for ConocoPhillips (COP)?
- The 3Y average operating margin for COP stock is 25.61%.
- What is the 5Y average operating margin for ConocoPhillips (COP)?
- The 5Y average operating margin for COP stock is 19.93%.
- What is the 10Y average operating margin for ConocoPhillips (COP)?
- The 10Y average operating margin for COP stock is 12.65%.
- What is the 15Y average operating margin for ConocoPhillips (COP)?
- The 15Y average operating margin for COP stock is 14.56%.
- What is the 20Y average operating margin for ConocoPhillips (COP)?
- The 20Y average operating margin for COP stock is 13.72%.
ConocoPhillips Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 19.58% |
| 2024-12-31 | 23.41% |
| 2023-12-31 | 26.81% |
| 2022-12-31 | 32.63% |
| 2021-12-31 | 26.87% |
| 2020-12-31 | -9.75% |
| 2019-12-31 | 21.70% |
| 2018-12-31 | 25.11% |
| 2017-12-31 | 8.40% |
| 2016-12-31 | -18.29% |
| 2015-12-31 | -17.27% |
| 2014-12-31 | 17.51% |
| 2013-12-31 | 22.26% |
| 2012-12-31 | 22.81% |
| 2011-12-31 | 23.81% |
| 2010-12-31 | 7.43% |
| 2009-12-31 | 6.37% |
| 2008-12-31 | 11.27% |
| 2007-12-31 | 12.12% |
| 2006-12-31 | 13.92% |
| 2005-12-31 | 11.39% |
| 2004-12-31 | 11.29% |
| 2003-12-31 | 22.11% |
| 2002-12-31 | 16.11% |
| 2001-12-31 | 14.69% |
| 2000-12-31 | 27.11% |
| 1999-12-31 | 11.69% |
| 1998-12-31 | 8.82% |
| 1997-12-31 | 14.24% |
| 1996-12-31 | 11.80% |
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