COP — ConocoPhillips
Energy · Oil & Gas E&P
About ConocoPhillips
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. It serves in the United States, Canada, China, Equatorial Guinea, Libya, Malaysia, Norway, Singapore, the United Kingdom, and internationally. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.
The oil & gas majors
The integrated majors do everything: they find and pump oil and gas, refine it, ship it, trade it, and sell it at the pump. That integration is the point — when crude prices fall, refining and trading often cushion the blow, which is why these are the steadiest names in the energy universe. At healthy oil prices they generate enormous cash, and most of it now goes to dividends and buybacks rather than growth drilling — a discipline investors forced on the industry after a decade of overspending. They trade at low multiples compared with the rest of the market, and they move with crude prices and capital-return announcements, not with stories. ConocoPhillips is exploration-and-production run at supermajor scale — no refining arm — bulked up by the Marathon Oil acquisition.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | COP |
| Company | ConocoPhillips |
| Price | $120.48 |
| Market cap | $146.8B |
| Sector / industry | Energy / Oil & Gas E&P |
| Analyst mean target | $141 (25 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~0%/yr earnings growth (modest), on a reverse-DCF of forward earnings ($9.00). Run your own assumptions in the fair-value calculator.
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