ConocoPhillips price to free cash flow COP

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 18.0×
9-year median: 14.6×
Against its 9-year history: 68th; percentile: 0 is its lowest day, 100 its highest
9-year range: 6.3× to 166×
Peer median: 8.8×

ConocoPhillips' price to free cash flow is 18.0× as of Oct 23, 2026.

That is above its 9-year median of 14.6×, higher than on 68% of days in the last 9 years.

Over that time it ranged from 6.3× in Mar 2023 to 166× in Jul 2021.

The median for 10 oil and gas producers of a similar size is 8.8×.

Price to free cash flow over time

median 14.6×

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	18.0×	14.0×	25.6×
2025	16.0×	12.0×	17.9×
2024	12.1×	11.8×	18.0×
2023	13.3×	6.3×	13.7×
2022	8.0×	7.4×	15.5×
2021	11.9×	11.3×	166×
2020	49.9×	6.5×	55.2×
2019	13.6×	8.8×	16.2×
2018	14.3×	13.8×	36.7×
2017	33.4×	22.2×	33.7×
2016	n/m a value too high to mean anything
2015	78.0×	72.9×	80.8×
2014	80.8×	41.1×	171×
2013	44.7×	33.1×	113×
2012	106×	8.9×	109×
2011	10.3×	9.1×	15.5×
2010	11.2×	10.0×	17.8×

Against its peers

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

Company	Price to free cash flow
COPConocoPhillips	18.0×
EOGEOG Resources	6.7×
OXYOccidental Petroleum	12.1×
FANGDiamondback Energy	7.9×
DVNDevon Energy	12.0×
EQTEQT	9.3×
TPLTexas Pacific Land	44.3×
EXEExpand Energy	8.1×
PRPermian Resources	5.4×
OVVOvintiv	8.8×
APAAPA	n/m
Peer median	8.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

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.