Price to Earnings (P/E)
since 2005
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ConocoPhillips pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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Calculation
ConocoPhillips, P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 17, 2026 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 15, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 17, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 19, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2007 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of ConocoPhillips Annual Report.
The price-to-earnings (P/E) ratio exhibits considerable fluctuation over the observed period. Initial values indicate a relatively low P/E ratio, increasing from 6.31 to a peak of 10.59 between 2006 and 2008. A period of volatility follows, with the ratio becoming undefined in 2009 due to negative earnings per share. Subsequent years demonstrate a recovery, reaching 9.89 in 2010 and declining to 7.60 in 2012.
- Overall Trend
- The P/E ratio does not demonstrate a consistent long-term trend. Instead, it cycles through periods of increase, decrease, and instability, largely influenced by earnings fluctuations. A general observation suggests a tendency towards higher P/E ratios in more recent years, particularly 2021-2024, although this is punctuated by periods of decline.
- Volatility and Earnings Correlation
- The P/E ratio is strongly correlated with earnings per share. Years with negative earnings, such as 2009, 2015, and 2020, result in undefined P/E ratios. Significant swings in earnings directly impact the ratio, leading to substantial year-over-year changes. For example, the substantial increase in earnings in 2022 resulted in a corresponding decrease in the P/E ratio.
- Recent Performance (2018-2025)
- From 2018 onwards, the P/E ratio has fluctuated between approximately 7.07 and 16.65. The ratio increased from 12.60 in 2018 to 14.66 in 2021, then decreased to 7.07 in 2022, before rising again to 16.65 in 2025. This recent period highlights the sensitivity of the ratio to both price and earnings movements.
The highest recorded P/E ratio within the observed timeframe is 16.65 in 2025, while the lowest defined ratio is 6.31 in 2006. The considerable variation suggests that investor sentiment and expectations regarding future earnings play a significant role in the valuation of the entity.
Comparison to Competitors
ConocoPhillips, P/E, long-term trends, comparison to competitors
| ConocoPhillips | Chevron Corp. | Exxon Mobil Corp. | |
|---|---|---|---|
| Feb 17, 2026 | |||
| Feb 18, 2025 | |||
| Feb 15, 2024 | |||
| Feb 16, 2023 | |||
| Feb 17, 2022 | |||
| Feb 16, 2021 | |||
| Feb 18, 2020 | |||
| Feb 19, 2019 | |||
| Feb 20, 2018 | |||
| Feb 21, 2017 | |||
| Feb 23, 2016 | |||
| Feb 24, 2015 | |||
| Feb 25, 2014 | |||
| Feb 19, 2013 | |||
| Feb 21, 2012 | |||
| Feb 23, 2011 | |||
| Feb 25, 2010 | |||
| Feb 25, 2009 | |||
| Feb 22, 2008 | |||
| Feb 23, 2007 | |||
| Feb 27, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
ConocoPhillips, P/E, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ConocoPhillips | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 17, 2026 | ||
| Feb 18, 2025 | ||
| Feb 15, 2024 | ||
| Feb 16, 2023 | ||
| Feb 17, 2022 | ||
| Feb 16, 2021 | ||
| Feb 18, 2020 | ||
| Feb 19, 2019 | ||
| Feb 20, 2018 | ||
| Feb 21, 2017 | ||
| Feb 23, 2016 | ||
| Feb 24, 2015 | ||
| Feb 25, 2014 | ||
| Feb 19, 2013 | ||
| Feb 21, 2012 | ||
| Feb 23, 2011 | ||
| Feb 25, 2010 | ||
| Feb 25, 2009 | ||
| Feb 22, 2008 | ||
| Feb 23, 2007 | ||
| Feb 27, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
ConocoPhillips, P/E, long-term trends, comparison to industry (energy)
| ConocoPhillips | Energy | |
|---|---|---|
| Feb 17, 2026 | ||
| Feb 18, 2025 | ||
| Feb 15, 2024 | ||
| Feb 16, 2023 | ||
| Feb 17, 2022 | ||
| Feb 16, 2021 | ||
| Feb 18, 2020 | ||
| Feb 19, 2019 | ||
| Feb 20, 2018 | ||
| Feb 21, 2017 | ||
| Feb 23, 2016 | ||
| Feb 24, 2015 | ||
| Feb 25, 2014 | ||
| Feb 19, 2013 | ||
| Feb 21, 2012 | ||
| Feb 23, 2011 | ||
| Feb 25, 2010 | ||
| Feb 25, 2009 | ||
| Feb 22, 2008 | ||
| Feb 23, 2007 | ||
| Feb 27, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).