CONOCOPHILLIPS
$142.28
+2.22 (+1.59%) · delayed · Nov 13, 2026
Five-year price
52w $85.70 to $154.28
- Market cap
- $168.2B
- Enterprise value
- $185.2B
- P/E
- 22.4×
- 18.4× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 11.8%
- ROIC
- —
- Debt / equity
- 0.36
- Piotroski F
- 6/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
75
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ●ROE > 15% (5y avg)5y avg ROE 21.1%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 178% (5y avg)
- ●Growing revenueRevenue CAGR 5y 30.6%
- ○Shrinking share countDiluted shares 16.3% over 5y
Value
50
- ○P/E below 15P/E 22.4
- –EV/EBIT below 12EV/EBIT n/a
- ●FCF yield above 6%FCF yield 11.8%
- ○Price below Graham NumberGraham Number $88.28
- ●P/B below 3P/B 2.6
Safety
75
- ●Debt / equity below 0.5D/E 0.36
- ●Debt payable in < 4 yrs of earningsNet debt $16.9B
- –Interest coverage > 8xCoverage n/ax
- ○Current ratio > 1.5Current ratio 1.30
- ●Piotroski F-score ≥ 6F-score 6/9
Graham Defensive
43
- ●Adequate size (revenue > $2B)Revenue $51.8B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.30
- ○Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 1227%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 18.4
- ○P/E × P/B ≤ 22.5Product 48.0
Valuation lab
What do you have to believe?
At $142.28, the market is pricing in about −4.6% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $16.9B · 1182M shares · 5y revenue CAGR 30.6%
Intrinsic value
$971.28
Price
$142.28
Margin of safety
85%
What the price implies
The market is paying for −4.6% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
70% of the value sits beyond year 10. That means the answer depends mostly on the long-run assumptions.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23,693 | 29,106 | 36,417 | 32,567 | 13,662 | 34,590 | 61,049 | 48,522 | 49,418 | 51,824 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | (5,530) | (2,615) | 9,973 | 9,524 | (3,140) | 12,712 | 28,228 | 16,288 | 13,672 | 12,656 |
| Income tax | (1,971) | (1,822) | 3,668 | 2,267 | (485) | 4,633 | 9,548 | 5,331 | 4,427 | 4,668 |
| Net income | (3,615) | (855) | 6,257 | 7,189 | (2,701) | 8,079 | 18,680 | 10,957 | 9,245 | 7,988 |
| EPS (diluted) | -2.91 | -0.70 | 5.36 | 6.40 | -2.51 | 6.07 | 14.57 | 9.06 | 7.81 | 6.35 |
| Diluted shares | 1 | 1 | 1 | 1 | 1,078 | 1,328 | 1,278 | 1,206 | 1,181 | 1,253 |
Who owns it