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ConocoPhillips (COP) PE Ratio: 20.47

Is ConocoPhillips’s P/E ratio high or low?

ConocoPhillips's P/E ratio of 20.47 is 36% above its 5-year average of 15.02, near the low end of its 5-year range (6.50–66.41).

The P/E ratio for ConocoPhillips (COP) is 20.47 as of Wednesday, June 10, 2026. It is above its 12-month average by 37.33% (14.91).

PE Ratio (20.47) = Close Price ($120.37) / Diluted TTM EPS ($5.88)

COP PE Ratio Chart

COP PE Ratio
20.47+76.62% 1Y
Zoom

COP Average PE Ratio Chart

COP Current vs Average PE Ratio Chart

COP PE Ratio Metrics

PE RATIO

20.47

PE RATIO AVG TTM

14.91

PE RATIO AVG 3Y

13.02

PE RATIO AVG 5Y

15.02

PE RATIO AVG 10Y

14.08

PE RATIO AVG 15Y

12.39

PE RATIO AVG 20Y

11.17

CURRENT VS TTM AVG

+37.33%

CURRENT VS 3Y AVG

+57.24%

CURRENT VS 5Y AVG

+36.31%

CURRENT VS 10Y AVG

+45.35%

CURRENT VS 15Y AVG

+65.15%

CURRENT VS 20Y AVG

+83.20%

COP Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
ConocoPhillips (COP)20.4714.9113.0215.02
SLB N.V. (SLB)$82.98B24.5316.6616.2420.42
Marathon Petroleum Corporation (MPC)$76.89B17.2621.4113.1814.50
Valero Energy Corporation (VLO)$76.63B18.7442.0620.7518.42
EOG Resources, Inc. (EOG)$74.71B13.8112.0410.3736.69
Phillips 66 (PSX)$72.86B17.9028.4517.4915.46
Occidental Petroleum Corporation (OXY)$56.79B14.2426.9618.2716.20
Antero Midstream Corporation (AM)$10.32B25.2921.2819.3017.52
Helmerich & Payne, Inc. (HP)$3.93BN/A8.7556.4556.45
enCore Energy Corp. (EU)$249.59MN/AN/AN/AN/A

P/E vs. its own history

At 20.5, P/E is richer than usual — richer than 94% of its 20-year range.

20-year low

2.4

median

9.8

20-year high

66.4

cheaperricher

P/E Comparison

Trailing P/E

20.5

Forward P/E

13.4

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$120.37

÷

Forward EPS (Est.)

$8.99

=

Forward P/E

13.38

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

ConocoPhillips PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

ConocoPhillips PE Ratio FAQ

What is the P/E ratio for ConocoPhillips (COP)?
The P/E ratio for COP stock is 20.47.
Is ConocoPhillips's P/E ratio high or low?
ConocoPhillips's P/E ratio of 20.47 is 36% above its 5-year average of 15.02, near the low end of its 5-year range (6.50–66.41).
What is the TTM average P/E ratio for ConocoPhillips (COP)?
The TTM average P/E ratio for COP stock is 14.91.
What is the 3Y average P/E ratio for ConocoPhillips (COP)?
The 3Y average P/E ratio for COP stock is 13.02.
What is the 5Y average P/E ratio for ConocoPhillips (COP)?
The 5Y average P/E ratio for COP stock is 15.02.
What is the 10Y average P/E ratio for ConocoPhillips (COP)?
The 10Y average P/E ratio for COP stock is 14.08.
What is the 15Y average P/E ratio for ConocoPhillips (COP)?
The 15Y average P/E ratio for COP stock is 12.39.
What is the 20Y average P/E ratio for ConocoPhillips (COP)?
The 20Y average P/E ratio for COP stock is 11.17.

ConocoPhillips PE Ratio History

DATEPE RATIO
2026-06-1020.47
2026-06-0919.86
2026-06-0820.22
2026-06-0519.92
2026-06-0420.28
2026-06-0320.25
2026-06-0219.88
2026-06-0119.66
2026-05-2919.38
2026-05-2819.56
2026-05-2719.58
2026-05-2619.82
2026-05-2220.49
2026-05-2120.50
2026-05-2020.81
2026-05-1921.28
2026-05-1821.18
2026-05-1520.82
2026-05-1420.23
2026-05-1319.97
2026-05-1220.05
2026-05-1119.65
2026-05-0819.37
2026-05-0719.54
2026-05-0620.22
2026-05-0520.97
2026-05-0421.24
2026-05-0120.95
2026-04-3021.39
2026-04-2920.26
2026-04-2819.64
2026-04-2719.22
2026-04-2419.24
2026-04-2319.65
2026-04-2219.37
2026-04-2119.00
2026-04-2018.40
2026-04-1718.33
2026-04-1619.21
2026-04-1518.79
2026-04-1418.77
2026-04-1319.53
2026-04-1019.36
2026-04-0919.51
2026-04-0819.78
2026-04-0720.82
2026-04-0620.80
2026-04-0220.62
2026-04-0120.28
2026-03-3120.85
2026-03-3020.99
2026-03-2721.14
2026-03-2621.05
2026-03-2520.37
2026-03-2420.43
2026-03-2320.09
2026-03-2020.05
2026-03-1919.91
2026-03-1819.53
2026-03-1719.41
2026-03-1619.17
2026-03-1319.26
2026-03-1219.00
2026-03-1118.49
2026-03-1018.03
2026-03-0918.49
2026-03-0618.49
2026-03-0518.45
2026-03-0418.27
2026-03-0318.72
2026-03-0218.68
2026-02-2717.92
2026-02-2617.49
2026-02-2517.38
2026-02-2417.47
2026-02-2317.36
2026-02-2017.46
2026-02-1917.63
2026-02-1817.46
2026-02-1717.18
2026-02-1315.76
2026-02-1215.68
2026-02-1115.73
2026-02-1015.21
2026-02-0915.37
2026-02-0615.22
2026-02-0514.85
2026-02-0415.22
2026-02-0314.84
2026-02-0214.40
2026-01-3014.74
2026-01-2914.54
2026-01-2814.34
2026-01-2714.13
2026-01-2613.93
2026-01-2313.91
2026-01-2213.70
2026-01-2113.74
2026-01-2013.51
2026-01-1613.89
2026-01-1513.99
2026-01-1414.19
2026-01-1313.64
2026-01-1213.51
2026-01-0913.79
2026-01-0813.96
2026-01-0713.29
2026-01-0613.73
2026-01-0514.03
2026-01-0213.68
2025-12-3113.24
2025-12-3013.31
2025-12-2913.10
2025-12-2612.95
2025-12-2412.98
2025-12-2313.12
2025-12-2213.20
2025-12-1913.00
2025-12-1813.05
2025-12-1713.43
2025-12-1612.84
2025-12-1513.35
2025-12-1213.51
2025-12-1113.68
2025-12-1013.69
2025-12-0913.21
2025-12-0813.14
2025-12-0513.25
2025-12-0413.17
2025-12-0312.99
2025-12-0212.63
2025-12-0112.77
2025-11-2812.54
2025-11-2612.32
2025-11-2512.25
2025-11-2412.38
2025-11-2112.36
2025-11-2012.37
2025-11-1912.44
2025-11-1812.68
2025-11-1712.55
2025-11-1412.92
2025-11-1312.65
2025-11-1212.60
2025-11-1112.83
2025-11-1012.48
2025-11-0712.28
2025-11-0612.12
2025-11-0511.77
2025-11-0411.80
2025-11-0311.89
2025-10-3111.93
2025-10-3011.83
2025-10-2911.82
2025-10-2811.65
2025-10-2711.90
2025-10-2411.82
2025-10-2312.09
2025-10-2211.73
2025-10-2111.60
2025-10-2011.69
2025-10-1711.61
2025-10-1611.67
2025-10-1511.78
2025-10-1411.83
2025-10-1311.92
2025-10-1011.76
2025-10-0912.34
2025-10-0812.58
2025-10-0712.78
2025-10-0612.74
2025-10-0312.64
2025-10-0212.53
2025-10-0112.81
2025-09-3012.70
2025-09-2912.87
2025-09-2613.22
2025-09-2512.99
2025-09-2412.84
2025-09-2312.55
2025-09-2212.35
2025-09-1912.34
2025-09-1812.55
2025-09-1712.59
2025-09-1612.69
2025-09-1512.39
2025-09-1212.41
2025-09-1112.63
2025-09-1012.66
2025-09-0912.33
2025-09-0812.27
2025-09-0512.48
2025-09-0412.86
2025-09-0312.70
2025-09-0213.29
2025-08-2913.28
2025-08-2813.21
2025-08-2713.14
2025-08-2613.03
2025-08-2513.18
2025-08-2212.99
2025-08-2112.72
2025-08-2012.74
2025-08-1912.59
2025-08-1812.62
2025-08-1512.80
2025-08-1412.84
2025-08-1312.87
2025-08-1212.70
2025-08-1112.55
2025-08-0812.61
2025-08-0712.43
2025-08-0611.83
2025-08-0511.84
2025-08-0411.80
2025-08-0111.79
2025-07-3112.11
2025-07-3012.28
2025-07-2912.45
2025-07-2812.33
2025-07-2512.06
2025-07-2412.15
2025-07-2312.08
2025-07-2211.81
2025-07-2111.56
2025-07-1811.64
2025-07-1711.79
2025-07-1611.63
2025-07-1511.76
2025-07-1411.97
2025-07-1112.15
2025-07-1012.12
2025-07-0912.01
2025-07-0812.17
2025-07-0711.76
2025-07-0311.90
2025-07-0212.00
2025-07-0111.69
2025-06-3011.40
2025-06-2711.46
2025-06-2611.55
2025-06-2511.31
2025-06-2411.36
2025-06-2311.65
2025-06-2012.03
2025-06-1811.92
2025-06-1712.13
2025-06-1612.07
2025-06-1312.32
2025-06-1212.03
2025-06-1111.86
2025-06-1011.59
2025-06-0911.19
2025-06-0611.08
2025-06-0510.84
2025-06-0410.92
2025-06-0311.17
2025-06-0211.02
2025-05-3010.84
2025-05-2910.88

Showing the most recent 260 of 3,901 data points. The chart above shows the full history.

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.

Houston, TX
11,800 employees
Energy / Oil & Gas Exploration & Production
Sector
Energy
Industry
Oil & Gas Exploration & Production
CEO
Ryan Lance