ConocoPhillips (COP)
Producer of oil and gas across U.S. shale, oil sands and LNG.
Something off on this page? Send us feedback.
Produces and markets crude oil, natural gas, natural gas liquids, bitumen and LNG across geographically organized operations. The Lower 48 supplies most production, while conventional, oil-sands and LNG assets diversify a portfolio whose cash generation remains tied to commodity prices.
Explores for, develops, produces, transports and markets crude oil, natural gas, natural gas liquids, bitumen and LNG. Operations span Alaska, the Lower 48, Canada, Europe, the Middle East and North Africa, and Asia Pacific, with the Lower 48 supplying most production. The portfolio combines Permian, Eagle Ford and Bakken shale with Alaska, Canadian oil sands, international conventional fields and equity LNG projects.
Uses scale, reservoir expertise and large development programs to bring resources to market through global commodity channels. Capital allocation centers on fully burdened cost of supply; the Marathon Oil acquisition expanded U.S. unconventional inventory, while subsequent noncore sales concentrated the portfolio. Results remain tied to oil and gas prices, drilling and project execution, transportation access, permits and environmental rules, and host-country and joint-venture conditions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $153 | Target: $169 |
| Sep 2, 2026 | Seaport Global | Initiate | Rating: — | |
| Aug 24, 2026 | Raymond James | Reiterate | Rating: —Target: $145 | Target: $168 |
| Aug 19, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $147 | Target: $151 |
| Aug 19, 2026 | Argus Research | Reiterate | Rating: —Target: $89 | Target: $153 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.69B · Total debt $23.29B · Total assets $124.26B · Shareholders' equity $65.35B
- Revenue
- $19.16B
- Operating income
- $5.98B
- Net income
- $3.93B
HistoryDividendAnnual yield
| Institutions | 88.47% | 1.06B shares | |
|---|---|---|---|
| 2,567 holders · as of Jun 30, 2026 | |||
| Insiders | 0.08% | 916.4K shares | |
| 16 holders · as of Sep 8, 2026 | |||
| Other | 11.45% | 137.63M shares | |
| remainder | |||
1.20B company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.82% | 93.89M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.63% | 79.60M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.48% | 65.83M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 3.73% | 44.82M | as of Jun 30, 2026 |
Charles Schwab Investment Management IncInstitution | 3.45% | 41.48M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Andrew D. Lundquist | officer: Senior Vice President | −9,487 | $135.15 |
| Aug 20, 2026 | Kelly Brunetti Rose | officer: SVP & General Counsel | −15,000 | $134.52 |
| Jun 10, 2026 | Sharmila Mulligan | director | −1,974 | $119.00 |
| Mar 31, 2026 | Ryan Michael Lance | director, officer: Chairman and CEO | −113,221 | $132.71 |
| Mar 24, 2026 | Kelly Brunetti Rose | officer: SVP & General Counsel | −7,700 | $130.03 |
- ExxonMobil
Largest US E&P operator; Permian scale and LNG dwarf every independent peer.
- Chevron
Integrated US major; Permian, Alaska, and LNG in direct upstream overlap.
- EOG Resources
Closest pure-play E&P peer; shares COP's cost-discipline and returns model.
- Occidental Petroleum
Permian-centric independent; OxyChem sale sharpens pure-play E&P focus.
- Devon Energy
US onshore pure-play; Delaware Basin and Eagle Ford overlap with COP's Lower 48.
- Diamondback Energy
Permian-only pure-play; lowest-cost Permian operator and acreage rival to COP.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ConocoPhillips | $126.95 | −0.46% | $155.37B | 16.9 | 12.8 | 2.5 | +39.7% |
| ExxonMobil | $159.73 | +0.90% | $656.48B | 20.4 | 13.0 | 1.8 | +46.0% |
| Chevron | $204.12 | +0.22% | $405.85B | 19.5 | 12.8 | 1.9 | +57.9% |
| EOG Resources | $140.92 | −0.33% | $75.30B | 11.0 | 9.0 | 2.8 | +60.5% |
| Occidental Petroleum | $57.19 | −0.10% | $56.94B | 8.8 | 12.2 | 2.3 | +25.7% |
| Devon Energy | $47.65 | +0.13% | $52.35B | 11.3 | 9.4 | 2.7 | +83.2% |
| Diamondback Energy | $187.64 | −0.86% | $53.24B | 37.0 | 9.8 | 3.1 | +32.1% |
| Median | 15.4 | 11.0 | 2.5 | +51.9% |