Conocophillips (COP) Debt Ratio (2009 - 2026)
Conocophillips' Debt Ratio came in at 0.19 for Q2 2026, down 2.3% from 0.19 a year earlier and down 1.4% from the prior quarter.
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Analysis
Conocophillips (COP) Debt Ratio (2009 - 2026) Analysis & Trends
Going back to Q2 2009, Conocophillips' Debt Ratio data covers 68 quarters.
- Going back by year, Debt Ratio was 0.20 in FY2024 (+0.4%), 0.20 in FY2023 (+11.3%), 0.18 in FY2022 (-19.3%) and 0.22 in FY2021 (-10.4%).
- The Q2 2026 figure represents the lowest quarterly Debt Ratio since Q2 2023.
- Year-over-year, Debt Ratio has declined for three consecutive quarters, with an average decline of 1.5% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q3 2023 (growth of 13.8%), and the weakest in Q2 2022 (a decline of 22.7%).
- Business Quant data shows COP's Debt Ratio at 0.19 (Q1 2026), 0.19 (Q4 2025) and 0.19 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 0.17 |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 0.00 |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | 0.11 |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | 0.21 |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | - |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 0.25 |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | - |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | 0.10 |
| 10 | Eog Resources | 73.77 Bn | 58.09 Bn | - | 0.14 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.19 |
| Mar 31, 2026 | 0.19 |
| Dec 31, 2025 | 0.19 |
| Sep 30, 2025 | 0.19 |
| Jun 30, 2025 | 0.19 |
| Mar 31, 2025 | 0.19 |
| Dec 31, 2024 | 0.20 |
| Sep 30, 2024 | 0.19 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.19 |
| Dec 31, 2023 | 0.20 |
| Sep 30, 2023 | 0.20 |
| Jun 30, 2023 | 0.18 |
| Mar 31, 2023 | 0.18 |
| Dec 31, 2022 | 0.18 |
| Sep 30, 2022 | 0.18 |
| Jun 30, 2022 | 0.18 |
| Mar 31, 2022 | 0.20 |
| Dec 31, 2021 | 0.22 |
| Sep 30, 2021 | 0.23 |
API Access
Conocophillips Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=COP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "COP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=COP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();