Conoco Phillips

Conoco Phillips

COP

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Market Cap$164.31B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Conoco PhillipsConoco Phillips17.82.49%14%2.50.4

Earnings Call Q2 2026

August 6, 2026 - AI Summary

Strong Q2 execution + record Permian; major cash return - Q2 production: 2.248 million boe/d, above the top end of guidance; Permian hit a new record >900k boe/d. - Financials: $7.2B cash from operations, $3B capex, resulting ~$4.2B free cash flow; adjusted earnings $3.02/share. - Capital returns: shareholder distributions $3B, including $2B buybacks (about 2x the prior quarter) + $1B ordinary dividends. - Balance sheet: leverage well below 1x; $8.1B cash & ST investments + $1.2B liquid LT investments.
Outlook maintained; key guidance numbers (forecasts) - Full-year guidance items unchanged. - Q3 production guidance: 2.290 to 2.320 million boe/d. - Incremental drivers: Qatar ramp + continued Lower 48 growth. - Offset: non-core asset sales ~15k boe/d in July (explicitly expected in the guide). - Free cash flow inflection target: $7B by 2029 (repeat/affirmed; described as “well underway”).
Capital return policy: dividend growth + payout ratio + buyback behavior - This year’s target: return 45% of CFO to shareholders; ~40% achieved in the first half, so expect higher payout in 2H. - Management stance: not “quarter-to-quarter” managed to commodity volatility; the 45% payout ratio is the guide. - Beyond 2029: they expect structurally lower reinvestment rate (not necessarily stopping all growth capex), enabling greater capital flexibility—they did not indicate “feathering back” the payout ratio; emphasis is on maintaining peer-leading distributions.

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$149.45

Target Price by Analysts

12.8% upsideConoco Phillips Target Price DetailsTarget Price
$266.21

Current Fair Value

100.9% upside

Undervalued by 100.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$164.31 Billion
Enterprise Value$183.57 Billion
Dividend Yield$3.36 (2.49%)
Earnings per Share$6.36
Beta0.12
Outstanding Shares1,213,453,000

Return

Return on Equity14.14%ROE
Return on Assets7.44%
Return on Invested Capital13.49%

Valuation & Multiples

P/E Ratio17.84P/E Ratio
PEG17.81PEG
Price to Sales2.55Price to Sales
Price to Book Ratio2.5Price to Book Ratio
Enterprise Value to Revenue2.87
Enterprise Value to EBIT12.17
Enterprise Value to Net Income19
Total Debt to Enterprise0.14
Debt to Equity0.4Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 6, 2026
EPS Estimate
$2.90
Average shareholder expectation
Revenue Estimate
$18.79 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$2.41
Average shareholder expectation
Revenue Estimate
$17.23 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7837 10.93%
Total Calls11,657,732 14.50%
Total Puts9,136,234 24.97%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %98.77% 13.72%
Total Invested$111.89B 18.54%
Investors Holding2,552 117.00%

ESG Score

No data

About Conoco Phillips