Latest revenue
$15.76B
as of 2026-03-31
Latest net income
$2.18B
as of 2026-03-31
Net margin
13.9%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $146.76B
- Enterprise value
- $164.21B
- P/E (trailing)
- 18.4×
- Forward P/E
- —
- P/B
- 2.27×
- Dividend yield
- 2.7%
- 52-wk high
- $135.87
- 52-wk low
- $84.28
- Beta
- —
- Shares out
- 1.22B
5-year trend
What this company does
ConocoPhillips explores for, produces, and sells crude oil, natural gas, and LNG across the Americas, Asia-Pacific, and the Middle East. The company generates nearly all revenue from upstream sales of these commodities, supplemented by equity earnings from LNG joint ventures including APLNG, Qatar, and Port Arthur. First-quarter earnings fell to $2.2 billion from $2.8 billion a year earlier as lower realized prices pressured margins, while the company kept returning cash through $1 billion in buybacks and $1 billion in dividends.
Key risks
- Earnings deterioration: Q1 2026 net income fell 23% YoY to $2.18B; EPS dropped to $1.78 from $2.23 on weaker realizations.
- Operating cash flow declined 30% YoY to $4.3B while shareholder returns ($1.0B buybacks + $1.0B dividends) plus $2.9B capex outpaced it, draining cash.
- Off-balance-sheet exposure: $1.68B APLNG guarantees plus uncapped 30-year Qatar LNG guarantees on NFE4/NFS3 joint ventures amid $23.3B debt load.
Profitability
Net margin
13.6%
19.8%Return on equity
12.3%
13.6%Return on assets
6.6%
13.0%Leverage
Debt / equity
0.88×
1.5%Long-term debt / equity
0.35×
3.7%Debt / assets
46.9%
0.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $15.76B | -4.6% | $2.18B | -23.4% | 13.9% |
Q4 2025 2025-12-31 | $13.39B | -5.9% | $1.44B | -37.5% | 10.8% |
Q3 2025 2025-09-30 | $15.03B | +15.3% | $1.73B | -16.2% | 11.5% |
Q2 2025 2025-06-30 | $14.00B | +2.8% | $1.97B | -15.4% | 14.1% |
Q1 2025 2025-03-31 | $16.52B | +19.3% | $2.85B | +11.7% | 17.2% |
Q4 2024 2024-12-31 | $14.24B | — | $2.31B | — | 16.2% |
Q3 2024 2024-09-30 | $13.04B | -8.5% | $2.06B | -26.4% | 15.8% |
Q2 2024 2024-06-30 | $13.62B | +10.3% | $2.33B | +4.3% | 17.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Petroleum Refining · SIC 2911
Your notes
Keep private notes on COP — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$999.5K
Insider selling
$142.3M
Net activity
−$141.3M
Distinct insiders
9
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns COP
Institutional value
$37.60B
Total shares held
294.2M
Distinct holders
760
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 79.5M | $10.50B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 28.3M | $3.74B | — | New |
| 3 | Fisher Asset Management, LLC | 15.2M | $2.01B | — | New |
| 4 | Invesco Ltd. | 13.3M | $1.76B | — | New |
| 5 | PRIMECAP MANAGEMENT CO/CA/ | 11.6M | $1.53B | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 11.0M | $1.46B | — | New |
| 7 | Bank of New York Mellon Corp | 10.2M | $1.34B | — | New |
| 8 | VANGUARD FIDUCIARY TRUST CO | 6.9M | $910.2M | — | New |
| 9 | Legal & General Group Plc | 6.9M | $906.0M | — | New |
| 10 | Boston Partners | 6.8M | $892.7M | — | New |
| 11 | UBS Group AG | 5.6M | $735.9M | — | New |
| 12 | DEUTSCHE BANK AG\ | 4.2M | $559.3M | — | New |
| 13 | Swiss National Bank | 3.6M | $478.7M | — | New |
| 14 | Bank Julius Baer & Co. Ltd, Zurich | 3.5M | $456.9M | — | New |
| 15 | National Pension Service | 3.2M | $424.6M | — | New |
| 16 | WELLS FARGO & COMPANY/MN | 3.2M | $422.9M | — | New |
| 17 | DIAMOND HILL CAPITAL MANAGEMENT INC | 2.9M | $384.9M | — | New |
| 18 | California Public Employees Retirement System | 2.9M | $382.5M | — | New |
| 19 | ENVESTNET ASSET MANAGEMENT INC | 2.9M | $376.7M | — | New |
| 20 | Mitsubishi UFJ Asset Management Co., Ltd. | 2.8M | $367.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Revenue fell 4.6% YoY to $15.76B while DD&A rose to $2.9B and operating cash flow dropped 30% to $4.3B—what's the breakeven oil price now?
- 2
With buybacks cut to $1.0B from $1.5B and cash down $670M, are you prioritizing the dividend over repurchases if WTI weakens further?
- 3
Receivables jumped $1.24B in one quarter—what's driving that build, and does it signal collection issues or aggressive revenue recognition?