ConocoPhillips (COP) Return on Invested Capital (ROIC): 6.72%
Is ConocoPhillips’s return on invested capital (ROIC) high or low?
ConocoPhillips's return on invested capital (ROIC) of 6.72% is 25% below its 5-year average of 9.00%, around the middle of its 5-year range (-2.67%–20.81%).
The return on invested capital (ROIC) for ConocoPhillips (COP) is 6.72% as of Wednesday, June 10, 2026. It is below its 12-month average by 6.93% (7.22%).
COP Return on Invested Capital (ROIC) Chart
COP Average Return on Invested Capital (ROIC) Chart
COP Current vs Average Return on Invested Capital (ROIC) Chart
COP Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
6.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
7.22%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
9.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
6.00%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
6.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
7.33%
CURRENT VS TTM AVG
-6.93%
CURRENT VS 3Y AVG
-42.63%
CURRENT VS 5Y AVG
-25.37%
CURRENT VS 10Y AVG
+12.03%
CURRENT VS 15Y AVG
+10.79%
CURRENT VS 20Y AVG
-8.35%
COP Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ConocoPhillips (COP) | — | 6.72% | 7.22% | 11.71% | 9.00% |
| SLB N.V. (SLB) | $82.98B | 10.34% | 12.04% | 11.73% | 9.77% |
| Marathon Petroleum Corporation (MPC) | $76.89B | 7.03% | 7.14% | 12.45% | 6.94% |
| Valero Energy Corporation (VLO) | $76.63B | 7.12% | 6.89% | 15.02% | 10.37% |
| EOG Resources, Inc. (EOG) | $74.71B | 58.12% | 36.44% | 28.12% | 20.84% |
| Phillips 66 (PSX) | $72.86B | 4.75% | 3.97% | 7.78% | 5.11% |
| Occidental Petroleum Corporation (OXY) | $56.79B | 3.15% | 4.32% | 8.73% | 6.32% |
| Antero Midstream Corporation (AM) | $10.32B | 8.18% | 8.25% | 7.88% | 6.27% |
| Helmerich & Payne, Inc. (HP) | $3.93B | 3.92% | 4.98% | 5.10% | 0.49% |
| enCore Energy Corp. (EU) | $249.59M | -21.47% | -19.41% | -15.75% | -12.72% |
Capital Efficiency
ROIC
6.7%
ROE
11.3%
ConocoPhillips Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
ConocoPhillips Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for ConocoPhillips (COP)?
- The return on invested capital (ROIC) for COP stock is 6.72%.
- Is ConocoPhillips's return on invested capital (ROIC) high or low?
- ConocoPhillips's return on invested capital (ROIC) of 6.72% is 25% below its 5-year average of 9.00%, around the middle of its 5-year range (-2.67%–20.81%).
- What is the TTM average return on invested capital (ROIC) for ConocoPhillips (COP)?
- The TTM average return on invested capital (ROIC) for COP stock is 7.22%.
- What is the 3Y average return on invested capital (ROIC) for ConocoPhillips (COP)?
- The 3Y average return on invested capital (ROIC) for COP stock is 11.71%.
- What is the 5Y average return on invested capital (ROIC) for ConocoPhillips (COP)?
- The 5Y average return on invested capital (ROIC) for COP stock is 9.00%.
- What is the 10Y average return on invested capital (ROIC) for ConocoPhillips (COP)?
- The 10Y average return on invested capital (ROIC) for COP stock is 6.00%.
- What is the 15Y average return on invested capital (ROIC) for ConocoPhillips (COP)?
- The 15Y average return on invested capital (ROIC) for COP stock is 6.07%.
- What is the 20Y average return on invested capital (ROIC) for ConocoPhillips (COP)?
- The 20Y average return on invested capital (ROIC) for COP stock is 7.33%.
ConocoPhillips Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 6.72% |
| 2024-12-31 | 7.72% |
| 2023-12-31 | 11.60% |
| 2022-12-31 | 20.81% |
| 2021-12-31 | 9.85% |
| 2020-12-31 | -2.67% |
| 2019-12-31 | 8.39% |
| 2018-12-31 | 9.21% |
| 2017-12-31 | 1.11% |
| 2016-12-31 | -3.35% |
| 2015-12-31 | -3.41% |
| 2014-12-31 | 5.35% |
| 2013-12-31 | 6.53% |
| 2012-12-31 | 6.40% |
| 2011-12-31 | 6.49% |
| 2010-12-31 | 6.30% |
| 2009-12-31 | 3.55% |
| 2008-12-31 | 22.35% |
| 2007-12-31 | 7.63% |
| 2006-12-31 | 9.85% |
| 2005-12-31 | 13.55% |
| 2004-12-31 | 9.72% |
| 2003-12-31 | 18.32% |
| 2002-12-31 | 4.69% |
| 2001-12-31 | 5.95% |
| 2000-12-31 | 17.47% |
| 1999-12-31 | 6.55% |
| 1998-12-31 | 4.80% |
| 1997-12-31 | 9.52% |
| 1996-12-31 | 10.19% |
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