# ConocoPhillips (COP) > ConocoPhillips explores for, produces, transports, and sells oil and natural gas around the world. - Exchange: NYSE · Sector: Energy · Industry: Oil Gas E and P - Headquarters: Houston, Texas - Founded: 2002 - Employees: Approximately 9,600 (June 30, 2026) - SEC CIK: 0001163165 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001163165)) - Full page: https://inspectstocks.com/stocks/cop - Data as of: price 2026-09-25; newest filing used 2026-08-06; latest fiscal period ended 2026-06-30 ## Grade **B+** on the balance-sheet rubric used for lenders, 4 of 5 checks passed. | Check | Result | Now | Before | | --- | --- | --- | --- | | Profitable | passed | $9.3B | | | Earnings growing overall | failed | $9.3B | $12.9B | | Earnings growing recently | passed | $9.3B | $8B | | Earns well on its assets | passed | 7.5% | | | Book value per share growing | passed | $51.45 | $37.56 | Business quality (the + / − mark): 4 of 5 checks passed. | Check | Result | Now | Before | | --- | --- | --- | --- | | Profitable | passed | 14.7% | | | Healthy profit margin | passed | 14.7% | | | Good return on equity | failed | 14.4% | | | Debt under control | passed | 0.39 | | | Turns sales into cash | passed | 46.4% | | How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying. ## Key figures In US dollars, as filed. | Measure | Value | | --- | --- | | Revenue, trailing twelve months | $63.3B | | Net income, trailing twelve months | $9.3B | | Net margin | 14.7% | | Return on equity | 14.4% | | Debt to equity | 0.39 | | Diluted EPS, trailing twelve months | $7.56 | | Share price | $127.30 | | Market value | $152.9B | | Price / earnings | 16.8x | | Price / sales | 2.4x | ## What the business does ConocoPhillips explores for and produces crude oil, oil-sands bitumen, natural gas, natural gas liquids, and liquefied natural gas (LNG). It also transports and markets these products, and holds interests in joint ventures and LNG facilities. Its production was 2.248 million barrels of oil equivalent per day (three months ended June 30, 2026, high). ### How it makes money - **Lower 48 operations: producing and selling oil, natural gas, and natural gas liquids from the U.S. Lower 48 states.** (34.5% (year ended December 31, 2025)) — Revenue comes from sales of produced fuels and commercial activities. The supplied segment share is reproduced as reported; the segment figures do not reconcile to the reported total. - **Europe, Middle East and North Africa operations, including production and commercial activities.** (5.4% (year ended December 31, 2025)) — Revenue comes from sales of produced fuels and commercial activities. The supplied segment share is reproduced as reported; the segment figures do not reconcile to the reported total. - **Alaska operations: producing and selling crude oil, natural gas liquids, and natural gas.** (4.7% (year ended December 31, 2025)) — Revenue comes from sales of produced fuels. The supplied segment share is reproduced as reported; the segment figures do not reconcile to the reported total. - **Canada operations, including oil sands, natural gas production, and commercial activities.** (3.0% (year ended December 31, 2025)) — Revenue comes from sales of produced fuels and commercial activities. The supplied segment share is reproduced as reported; the segment figures do not reconcile to the reported total. - **Asia Pacific operations: producing and selling oil and natural gas, alongside commercial activities.** (1.5% (year ended December 31, 2025)) — Revenue comes from sales of produced fuels and commercial activities. The supplied segment share is reproduced as reported; the segment figures do not reconcile to the reported total. ### Products - **Crude oil** — Oil produced from underground reservoirs and sold to buyers. - **Natural gas** — Gas produced from underground reservoirs and sold to buyers. - **Liquefied natural gas (LNG)** — Natural gas cooled into liquid form for storage and transport by ship. - **Natural gas liquids** — Hydrocarbons separated from natural gas, including products sold as liquids. - **Bitumen** — A very heavy form of oil produced from oil sands, including in Alberta, Canada. ### Customers - Buyers of crude oil, bitumen, natural gas, natural gas liquids, and LNG; the filings provided do not name most buyers or specify their types. - LNG customers under commercial offtake agreements, which arrange purchases of LNG; the call described agreements in Indonesia and on the U.S. Gulf Coast without naming the counterparties. ### Competitors - Exxon Mobil Corporation (XOM) — Exploration and production of oil and natural gas, including in North America and international markets. - Chevron Corporation (CVX) — Exploration and production of oil and natural gas in North America and international markets. - EOG Resources, Inc. (EOG) — Oil and natural gas production, particularly in U.S. shale regions. - Occidental Petroleum Corporation (OXY) — Oil and natural gas production, including in U.S. shale regions and international markets. ### What it depends on - Cash flow depends substantially on the market prices of crude oil, bitumen, natural gas, LNG, and natural gas liquids. - Maintaining production depends on finding and developing resources to replace output from fields that naturally decline. - Getting production to buyers depends on adequate gathering, processing, storage, shipping, and pipeline facilities. - The company has LNG investments in Qatar; those investments accounted for approximately 4% of total company production volumes (2025, high), and production there remained constrained through the second quarter of 2026. ### What could go wrong - Commodity-price swings, or a prolonged period of low prices, can reduce earnings and cash flow and affect the value of the company's assets. - If ConocoPhillips cannot find and develop resources successfully, production from existing fields declines and the scope of its business can shrink. - Political conflict, government restrictions, or inadequate transport infrastructure can disrupt production and sales; the company reported Qatar production constraints amid regional conflict and noted possible effects on LNG operations, shipping, and construction. ## More on this company - [Overview](https://inspectstocks.com/stocks/cop) - [Financial statements](https://inspectstocks.com/stocks/cop/financials) - [Competitors](https://inspectstocks.com/stocks/cop/peers) - [Earnings](https://inspectstocks.com/stocks/cop/earnings) --- Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.