ConocoPhillips is an international energy company and is considered the third largest US oil company.
P/E ratio for ConocoPhillips (COP)
P/E ratio as of June 2024 (TTM): 12.4
According to ConocoPhillips's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.3996. At the end of 2022 the company had a P/E ratio of 8.10.
P/E ratio history for ConocoPhillips from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.10 | -31.85% |
| 2021 | 11.9 | -174.34% |
| 2020 | -16.0 | -258.16% |
| 2019 | 10.1 | -12.9% |
| 2018 | 11.6 | -113.54% |
| 2017 | -85.8 | 397.76% |
| 2016 | -17.2 | 32.11% |
| 2015 | -13.0 | -204.81% |
| 2014 | 12.4 | 30.68% |
| 2013 | 9.52 | 10.67% |
| 2012 | 8.60 | 39.86% |
| 2011 | 6.15 | -8.99% |
| 2010 | 6.76 | -48.61% |
| 2009 | 13.2 | -457.06% |
| 2008 | -3.68 | -140% |
| 2007 | 9.21 | 63.86% |
| 2006 | 5.62 | 23.16% |
| 2005 | 4.56 | -18.93% |
| 2004 | 5.63 | -21.18% |
| 2003 | 7.14 | -110.26% |
| 2002 | -69.6 | -951.5% |
| 2001 | 8.17 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 PetroChina 601857.SS | 11.4 | -7.72% | 🇨🇳 China |
 BP BP | 4.28 | -65.49% | 🇬🇧 UK |
 Marathon Oil
MRO | 10.4 | -16.40% | 🇺🇸 USA |
 Exxon Mobil XOM | 11.3 | -8.71% | 🇺🇸 USA |
 Chevron CVX | 11.7 | -5.60% | 🇺🇸 USA |
 Devon Energy
DVN | 6.48 | -47.71% | 🇺🇸 USA |
 Hess HES | 28.9 | 133.24% | 🇺🇸 USA |
 Murphy Oil
MUR | 8.80 | -29.03% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.