ConocoPhillips forward PE COP

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 12.7×
10-year median: 14.9×
Against its 10-year history: 34th; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.9× to 500×
Peer median: 11.9×

ConocoPhillips' forward PE is 12.7× as of Oct 23, 2026.

That is below its ten-year median of 14.9×, lower than on 66% of days in the last ten years.

Over that time it ranged from 4.9× in Aug 2021 to 500× in Nov 2019.

The median for 10 oil and gas producers of a similar size is 11.9×.

Forward PE over time

median 14.9×

The dashed line is the 10-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	12.7×	8.7×	12.8×
2025	10.5×	10.0×	17.5×
2024	14.6×	13.9×	17.8×
2023	15.0×	11.5×	15.4×
2022	13.4×	6.4×	15.2×
2021	5.7×	4.9×	15.2×
2020	13.5×	9.7×	496×
2019	500×	17.9×	500×
2018	17.3×	14.1×	20.4×
2017	16.9×	15.4×	92.1×
2016	n/m a value too high to mean anything
2015	n/m a value too high to mean anything
2014	45.5×	12.7×	52.8×
2013	13.5×	10.8×	14.2×
2012	10.5×	7.6×	11.3×
2011	8.4×	6.9×	8.4×
2010	7.2×	6.0×	8.2×
2009	7.5×	7.2×	13.4×
2008	11.9×	5.2×	12.9×
2007	6.4×	5.5×	7.3×

Against its peers

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

Company	Forward PE
COPConocoPhillips	12.7×
EOGEOG Resources	9.4×
OXYOccidental Petroleum	11.9×
FANGDiamondback Energy	9.8×
DVNDevon Energy	9.5×
EQTEQT	17.8×
TPLTexas Pacific Land	33.9×
EXEExpand Energy	12.3×
PRPermian Resources	n/m
OVVOvintiv	n/m
APAAPA	n/m
Peer median	11.9×

Where ConocoPhillips ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

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.