ConocoPhillips (COP) Debt to Equity Ratio: 0.36
Is ConocoPhillips’s debt to equity ratio high or low?
ConocoPhillips's debt to equity ratio of 0.36 is 12% below its 5-year average of 0.41, near the low end of its 5-year range (0.36–0.51).
The debt to equity ratio for ConocoPhillips (COP) is 0.36 as of Wednesday, June 10, 2026. It is below its 12-month average by 4.00% (0.38).
COP Debt to Equity Ratio Chart
COP Average Debt to Equity Ratio Chart
COP Current vs Average Debt to Equity Ratio Chart
COP Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.36
DEBT TO EQUITY RATIO AVG TTM
0.38
DEBT TO EQUITY RATIO AVG 3Y
0.38
DEBT TO EQUITY RATIO AVG 5Y
0.41
DEBT TO EQUITY RATIO AVG 10Y
0.49
DEBT TO EQUITY RATIO AVG 15Y
0.46
DEBT TO EQUITY RATIO AVG 20Y
0.44
CURRENT VS TTM AVG
-4.00%
CURRENT VS 3Y AVG
-4.64%
CURRENT VS 5Y AVG
-12.20%
CURRENT VS 10Y AVG
-27.07%
CURRENT VS 15Y AVG
-22.37%
CURRENT VS 20Y AVG
-17.74%
COP Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ConocoPhillips (COP) | — | 0.36 | 0.38 | 0.38 | 0.41 |
| SLB N.V. (SLB) | $82.98B | 0.47 | 0.52 | 0.58 | 0.78 |
| Marathon Petroleum Corporation (MPC) | $76.89B | 1.98 | 1.80 | 1.44 | 1.38 |
| Valero Energy Corporation (VLO) | $76.63B | 0.49 | 0.48 | 0.49 | 0.61 |
| EOG Resources, Inc. (EOG) | $74.71B | 0.28 | 0.23 | 0.21 | 0.24 |
| Phillips 66 (PSX) | $72.86B | 0.79 | 0.76 | 0.68 | 0.72 |
| Occidental Petroleum Corporation (OXY) | $56.79B | 0.66 | 0.73 | 0.71 | 1.05 |
| Antero Midstream Corporation (AM) | $10.32B | 1.63 | 1.55 | 1.53 | 1.46 |
| Helmerich & Payne, Inc. (HP) | $3.93B | 0.85 | 0.74 | 0.48 | 0.41 |
| enCore Energy Corp. (EU) | $249.59M | 0.49 | 0.28 | 0.16 | 0.11 |
Financial Health
Debt/Equity
0.36
Current Ratio
1.30
ConocoPhillips Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
ConocoPhillips Debt to Equity Ratio FAQ
- What is the debt to equity ratio for ConocoPhillips (COP)?
- The debt to equity ratio for COP stock is 0.36.
- Is ConocoPhillips's debt to equity ratio high or low?
- ConocoPhillips's debt to equity ratio of 0.36 is 12% below its 5-year average of 0.41, near the low end of its 5-year range (0.36–0.51).
- What is the TTM average debt to equity ratio for ConocoPhillips (COP)?
- The TTM average debt to equity ratio for COP stock is 0.38.
- What is the 3Y average debt to equity ratio for ConocoPhillips (COP)?
- The 3Y average debt to equity ratio for COP stock is 0.38.
- What is the 5Y average debt to equity ratio for ConocoPhillips (COP)?
- The 5Y average debt to equity ratio for COP stock is 0.41.
- What is the 10Y average debt to equity ratio for ConocoPhillips (COP)?
- The 10Y average debt to equity ratio for COP stock is 0.49.
- What is the 15Y average debt to equity ratio for ConocoPhillips (COP)?
- The 15Y average debt to equity ratio for COP stock is 0.46.
- What is the 20Y average debt to equity ratio for ConocoPhillips (COP)?
- The 20Y average debt to equity ratio for COP stock is 0.44.
ConocoPhillips Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.36 |
| 2024-12-31 | 0.39 |
| 2023-12-31 | 0.40 |
| 2022-12-31 | 0.36 |
| 2021-12-31 | 0.44 |
| 2020-12-31 | 0.51 |
| 2019-12-31 | 0.45 |
| 2018-12-31 | 0.47 |
| 2017-12-31 | 0.64 |
| 2016-12-31 | 0.78 |
| 2015-12-31 | 0.63 |
| 2014-12-31 | 0.43 |
| 2013-12-31 | 0.42 |
| 2012-12-31 | 0.45 |
| 2011-12-31 | 0.35 |
| 2010-12-31 | 0.34 |
| 2009-12-31 | 0.46 |
| 2008-12-31 | 0.50 |
| 2007-12-31 | 0.24 |
| 2006-12-31 | 0.33 |
| 2005-12-31 | 0.24 |
| 2004-12-31 | 0.35 |
| 2003-12-31 | 0.52 |
| 2002-12-31 | 0.67 |
| 2001-12-31 | 0.61 |
| 2000-12-31 | 1.13 |
| 1999-12-31 | 0.95 |
| 1998-12-31 | 1.01 |
| 1997-12-31 | 0.63 |
| 1996-12-31 | 0.74 |
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