ConocoPhillips vs Exxon Mobil Corporation, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
573.2 against 129.6: ExxonMobil is worth nearly four and a half ConocoPhillips, and the scale gap is the comparison, because the returns barely separate them: Conoco earns 11.3% on equity against Exxon's 9.7%, and 6% on assets against 5.5%, the pure E&P shop slightly out-returning the integrated colossus. Exxon's net margin of 7.6% tops Conoco's undisplayed-but-comparable line. Both run near-zero debt; Exxon pays 2.9% in dividends, Conoco 3%. Conoco converts far more of its price to free cash, 13.9% against 3.3%, upstream leverage in a decent tape. The pair prices focus against integration at nearly matched returns; the market pays a scale-and-integration premium in Exxon's multiple, 23 times against 17.9, that the return tables do not obviously earn.
Comparison updated 2026-07-11.
| Metric | COP | XOM |
|---|---|---|
| Price | $105.80 | $136.40 |
| Market cap | $129.6B | $573.2B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | +1.4% |
| P/E | 17.9 | 23.0 |
| P/B | 2.01 | 2.20 |
| P/S | 2.23 | 1.71 |
| EV/EBITDA | 10.7 | 21.4 |
| Revenue growth | +1.9% | -4.2% |
| Net margin | 12.6% | 7.6% |
| Return on equity | 11.3% | 9.7% |
| Return on assets | 6.0% | 5.5% |
| FCF yield | 13.9% | 3.3% |
| Dividend yield | 3.0% | 2.9% |
| Debt / equity | 0.02 | 0.06 |
| Current ratio | 1.29 | 1.04 |
| Altman Z (solvency) | 2.64 | 3.87 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.