Credit and interest ratesmixed · 5 filings
“Net interest expense decreased in the three- and six-month periods ended June 30, 2026 due to higher interest income and higher capitalized interest.”10-Q · Aug 6, 2026 ↗
ConocoPhillips
COP
Market read
ConocoPhillips's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.
Company+0.3% todayVolume comparison unavailable
Market group0 of 20 activeOil & Gas Producers · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- ConocoPhillips reported higher realized prices partly offset by lower volumes in its six-month earnings discussion, a current price-versus-volume split to compare with the next report.
Invalidation: The isolated read changes if COP's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 20 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 11 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- ConocoPhillips reported higher realized prices partly offset by lower volumes in its six-month earnings discussion, a current price-versus-volume split to compare with the next report.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements199
Verified relationships9
Evidence supporting the case
- Operating cash flow covered net income at 2.48x in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Energy and commodity prices has repeated favorable evidence across 4 filings.
Evidence challenging the case
- Net margin changed -3.3 percentage points in the latest annual period.
- Diluted shares increased 6.1% in the latest annual period.
Questions before a position
- P/E is 72% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 33% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
137.076m+17.1%12m+49.2%24m+27.6%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$34.6B+153.2%$6.07+23.2%
2022-12-31$61.0B+76.5%$14.57-3.8%
2023-12-31$48.5B-20.5%$9.06-5.7%
2024-12-31$49.4B+1.8%$7.81-2.1%
2025-12-31$51.8B+4.9%$6.35+6.1%
What management says matters
Persistent and emerging business drivers
Demand and volumemixed · 5 filings
“Earnings in the six-month period ended June 30, 2026 included higher sales revenues resulting from higher realized prices of $183 million partly offset by lower volumes of $44 million.”10-Q · Aug 6, 2026 ↗
Energy and commodity pricesmixed · 4 filings
“This reflects a 20 MBOED annual adjustment for Qatar, given the exclusion of Qatar production from second-quarter guidance, as well as a 15 MBOED annual royalty rate adjustment at Surmont due to higher oil prices.”10-Q · Apr 30, 2026 ↗
Legal and regulatory exposurenegative · 3 filings
“However, we currently do not expect any material adverse effect upon our results of operations or financial position as a result of compliance with current environmental laws and regulations.”10-K · Feb 17, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.3× · EV/sales 3.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
137.07+0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for COP. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for COP. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind COP
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BURLBurlington Stores, Inc.partnerAug 7, 2025 ▾
“ConocoPhillips 2025 Q2 10-Q 50 Capital Resources and Liquidity Table of Contents Guarantor Summarized Financial Information We have various cross guarantees among our Obligor Group: ConocoPhillips, ConocoPhillips Company and Burlington Resources LLC, with res…”
Depended on by
SRESemprapartnerMay 7, 2026 ▾
“107 Table of Contents SI Partners and ConocoPhillips have provided guarantees relating to their respective affiliate’s commitment to make its pro rata equity share of capital contributions to fund 110% of the development budget of the PA LNG Phase 1 project,…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
COP is currently a Follower in the organic co-movement group Oil & Gas Producers. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.