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ConocoPhillips price to book ratio COP

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
2.8×
10-year median
2.2×
Against its 10-year history
85th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.8× to 3.4×
Peer median
1.6×

ConocoPhillips' price to book ratio is 2.8× as of Oct 23, 2026.

That is above its ten-year median of 2.2×, higher than on 85% of days in the last ten years.

Over that time it ranged from 0.8× in Mar 2020 to 3.4× in Nov 2022.

The median for 10 oil and gas producers of a similar size is 1.6×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far2.8×1.8×2.8×
20251.7×1.6×2.4×
20242.2×2.2×3.2×
20232.9×2.4×3.1×
20223.0×2.2×3.4×
20212.2×1.4×2.7×
20201.4×0.8×2.1×
20192.0×1.7×2.5×
20182.2×2.0×2.9×
20172.2×1.5×2.2×
20161.7×0.9×1.8×
20151.3×1.2×1.7×
20141.6×1.4×2.0×
20131.7×1.5×1.9×
20121.5×1.0×1.5×
20111.1×0.9×1.3×
20101.1×0.9×1.1×
20090.9×0.8×1.0×

Against its peers

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

CompanyPrice to book ratio
COPConocoPhillips2.8×
EOGEOG Resources2.7×
OXYOccidental Petroleum1.5×
FANGDiamondback Energy1.5×
DVNDevon Energy1.4×
EQTEQT1.4×
TPLTexas Pacific Land14.0×
EXEExpand Energy1.1×
PRPermian Resources1.8×
OVVOvintiv1.7×
APAAPA2.6×
Peer median1.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on ConocoPhillips

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