ConocoPhillips EV/EBIT COP

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2010.

Today, Oct 23, 2026: 12.0×
9-year median: 8.8×
Against its 9-year history: 72nd; percentile: 0 is its lowest day, 100 its highest
9-year range: 4.2× to 211×
Peer median: 10.7×

ConocoPhillips' EV/EBIT is 12.0× as of Oct 23, 2026.

That is above its 9-year median of 8.8×, higher than on 72% of days in the last 9 years.

Over that time it ranged from 4.2× in Mar 2023 to 211× in Oct 2017.

The median for 10 oil and gas producers of a similar size is 10.7×.

EV/EBIT over time

median 8.8×

The dashed line is the 9-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	12.0×	9.0×	12.5×
2025	8.6×	7.8×	9.9×
2024	7.8×	7.5×	9.8×
2023	8.0×	4.2×	8.2×
2022	5.4×	5.1×	17.8×
2021	14.0×	13.4×	79.6×
2020	17.3×	4.5×	18.7×
2019	8.0×	5.9×	9.0×
2018	8.0×	7.8×	32.5×
2017	29.9×	27.7×	211×
2016	n/m a value too high to mean anything
2015	23.0×	7.5×	23.9×
2014	8.2×	6.4×	8.5×
2013	6.8×	5.8×	7.5×
2012	n/m a value too high to mean anything
2011	5.3×	4.7×	5.4×
2010	4.8×	4.4×	6.7×

Against its peers

Companies in Oil & Gas Exploration & Production nearest ConocoPhillips' size, closest first, today.

Company	EV/EBIT
COPConocoPhillips	12.0×
EOGEOG Resources	9.9×
OXYOccidental Petroleum	10.6×
FANGDiamondback Energy	70.1×
DVNDevon Energy	13.5×
EQTEQT	10.9×
TPLTexas Pacific Land	34.3×
EXEExpand Energy	6.5×
PRPermian Resources	11.8×
OVVOvintiv	8.6×
APAAPA	5.6×
Peer median	10.7×

Where ConocoPhillips ranks

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on ConocoPhillips

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.