Oil & Gas Exploration & Production
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COP vs OXY
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
COP vs OXY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $150.31B | $58.85B |
| Revenue (TTM) | $58.31B | $23.18B |
| Net Income (TTM) | $7.32B | $4.54B |
| Gross Margin | 29.2% | 23.6% |
| Operating Margin | 18.3% | 11.8% |
| Forward P/E | 14.3x | 14.3x |
| Total Debt | $23.44B | $23.96B |
| Cash & Equiv. | $6.50B | $1.99B |
COP vs OXY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| ConocoPhillips (COP) | 100 | 292.4 | +192.4% |
| Occidental Petroleu… (OXY) | 100 | 467.8 | +367.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: COP vs OXY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
COP carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 7.5%, EPS growth -18.7%, 3Y rev CAGR -9.3%
- 240.9% 10Y total return vs OXY's -1.4%
- Lower volatility, beta 0.08, Low D/E 36.4%, current ratio 1.30x
OXY is the clearest fit if your priority is income & stability.
- Dividend streak 4 yrs, beta -0.13, yield 2.7%
- 19.6% margin vs COP's 12.6%
- 2.7% yield, 4-year raise streak, vs COP's 2.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 7.5% revenue growth vs OXY's -20.3% | |
| Value | Lower P/E (14.3x vs 14.3x) | |
| Quality / Margins | 19.6% margin vs COP's 12.6% | |
| Stability / Safety | Lower D/E ratio (36.4% vs 65.5%) | |
| Dividends | 2.7% yield, 4-year raise streak, vs COP's 2.6% | |
| Momentum (1Y) | +55.4% vs COP's +44.5% | |
| Efficiency (ROA) | 6.0% ROA vs OXY's 5.4%, ROIC 10.4% vs 4.7% |
COP vs OXY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
COP vs OXY — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
COP leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
COP is the larger business by revenue, generating $58.3B annually — 2.5x OXY's $23.2B. OXY is the more profitable business, keeping 19.6% of every revenue dollar as net income compared to COP's 12.6%. On growth, COP holds the edge at -2.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $58.3B | $23.2B |
| EBITDAEarnings before interest/tax | $22.4B | $10.5B |
| Net IncomeAfter-tax profit | $7.3B | $4.5B |
| Free Cash FlowCash after capex | $18.3B | $2.2B |
| Gross MarginGross profit ÷ Revenue | +29.2% | +23.6% |
| Operating MarginEBIT ÷ Revenue | +18.3% | +11.8% |
| Net MarginNet income ÷ Revenue | +12.6% | +19.6% |
| FCF MarginFCF ÷ Revenue | +31.4% | +9.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -2.5% | -24.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -20.2% | -100.0% |
Valuation Metrics
COP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 19.4x trailing earnings, COP trades at a 47% valuation discount to OXY's 36.9x P/E. On an enterprise value basis, OXY's 7.1x EV/EBITDA is more attractive than COP's 7.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $150.3B | $58.8B |
| Enterprise ValueMkt cap + debt − cash | $167.3B | $80.8B |
| Trailing P/EPrice ÷ TTM EPS | 19.42x | 36.86x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.27x | 14.29x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.22x | 7.11x |
| Price / SalesMarket cap ÷ Revenue | 2.56x | 2.73x |
| Price / BookPrice ÷ Book value/share | 2.40x | 1.62x |
| Price / FCFMarket cap ÷ FCF | 8.96x | 14.34x |
Profitability & Efficiency
COP leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
OXY delivers a 16.6% return on equity — every $100 of shareholder capital generates $17 in annual profit, vs $11 for COP. COP carries lower financial leverage with a 0.36x debt-to-equity ratio, signaling a more conservative balance sheet compared to OXY's 0.65x. On the Piotroski fundamental quality scale (0–9), COP scores 6/9 vs OXY's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +11.3% | +16.6% |
| ROA (TTM)Return on assets | +6.0% | +5.4% |
| ROICReturn on invested capital | +10.4% | +4.7% |
| ROCEReturn on capital employed | +10.4% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.36x | 0.65x |
| Net DebtTotal debt minus cash | $16.9B | $22.0B |
| Cash & Equiv.Liquid assets | $6.5B | $2.0B |
| Total DebtShort + long-term debt | $23.4B | $24.0B |
| Interest CoverageEBIT ÷ Interest expense | 9.42x | 2.88x |
Total Returns (Dividends Reinvested)
COP leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in COP five years ago would be worth $25,411 today (with dividends reinvested), compared to $23,183 for OXY. Over the past 12 months, OXY leads with a +55.4% total return vs COP's +44.5%. The 3-year compound annual growth rate (CAGR) favors COP at 9.9% vs OXY's 0.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +28.4% | +40.6% |
| 1-Year ReturnPast 12 months | +44.5% | +55.4% |
| 3-Year ReturnCumulative with dividends | +32.8% | +2.1% |
| 5-Year ReturnCumulative with dividends | +154.1% | +131.8% |
| 10-Year ReturnCumulative with dividends | +240.9% | -1.4% |
| CAGR (3Y)Annualised 3-year return | +9.9% | +0.7% |
Risk & Volatility
Evenly matched — COP and OXY each lead in 1 of 2 comparable metrics.
Risk & Volatility
OXY is the less volatile stock with a -0.13 beta — it tends to amplify market swings less than COP's 0.08 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.08x | -0.13x |
| 52-Week HighHighest price in past year | $135.87 | $67.45 |
| 52-Week LowLowest price in past year | $84.28 | $38.72 |
| % of 52W HighCurrent price vs 52-week peak | +90.8% | +88.0% |
| RSI (14)Momentum oscillator 0–100 | 52.9 | 56.4 |
| Avg Volume (50D)Average daily shares traded | 9.4M | 16.8M |
Analyst Outlook
OXY leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates COP as "Buy" and OXY as "Buy". Consensus price targets imply 3.0% upside for COP (target: $127) vs -4.6% for OXY (target: $57). For income investors, OXY offers the higher dividend yield at 2.69% vs COP's 2.58%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $127.07 | $56.64 |
| # AnalystsCovering analysts | 52 | 52 |
| Dividend YieldAnnual dividend ÷ price | +2.6% | +2.7% |
| Dividend StreakConsecutive years of raises | 1 | 4 |
| Dividend / ShareAnnual DPS | $3.19 | $1.59 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.3% | 0.0% |
COP leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). OXY leads in 1 (Analyst Outlook). 1 tied.
COP vs OXY: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is COP or OXY a better buy right now?
For growth investors, ConocoPhillips (COP) is the stronger pick with 7.
5% revenue growth year-over-year, versus -20. 3% for Occidental Petroleum Corporation (OXY). ConocoPhillips (COP) offers the better valuation at 19. 4x trailing P/E (14. 3x forward), making it the more compelling value choice. Analysts rate ConocoPhillips (COP) a "Buy" — based on 52 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — COP or OXY?
On trailing P/E, ConocoPhillips (COP) is the cheapest at 19.
4x versus Occidental Petroleum Corporation at 36. 9x. On forward P/E, ConocoPhillips is actually cheaper at 14. 3x.
03Which is the better long-term investment — COP or OXY?
Over the past 5 years, ConocoPhillips (COP) delivered a total return of +154.
1%, compared to +131. 8% for Occidental Petroleum Corporation (OXY). Over 10 years, the gap is even starker: COP returned +240. 9% versus OXY's -1. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — COP or OXY?
By beta (market sensitivity over 5 years), Occidental Petroleum Corporation (OXY) is the lower-risk stock at -0.
13β versus ConocoPhillips's 0. 08β — meaning COP is approximately -159% more volatile than OXY relative to the S&P 500. On balance sheet safety, ConocoPhillips (COP) carries a lower debt/equity ratio of 36% versus 65% for Occidental Petroleum Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — COP or OXY?
By revenue growth (latest reported year), ConocoPhillips (COP) is pulling ahead at 7.
5% versus -20. 3% for Occidental Petroleum Corporation (OXY). On earnings-per-share growth, the picture is similar: ConocoPhillips grew EPS -18. 7% year-over-year, compared to -34. 0% for Occidental Petroleum Corporation. Over a 3-year CAGR, COP leads at -9. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — COP or OXY?
ConocoPhillips (COP) is the more profitable company, earning 13.
6% net margin versus 11. 0% for Occidental Petroleum Corporation — meaning it keeps 13. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: COP leads at 19. 6% versus 17. 2% for OXY. At the gross margin level — before operating expenses — OXY leads at 33. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is COP or OXY more undervalued right now?
On forward earnings alone, ConocoPhillips (COP) trades at 14.
3x forward P/E versus 14. 3x for Occidental Petroleum Corporation — 0. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for COP: 3. 0% to $127. 07.
08Which pays a better dividend — COP or OXY?
All stocks in this comparison pay dividends.
Occidental Petroleum Corporation (OXY) offers the highest yield at 2. 7%, versus 2. 6% for ConocoPhillips (COP).
09Is COP or OXY better for a retirement portfolio?
For long-horizon retirement investors, Occidental Petroleum Corporation (OXY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
13), 2. 7% yield). Both have compounded well over 10 years (OXY: -1. 4%, COP: +240. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between COP and OXY?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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