Conocophillips (COP) Debt Ratio (2009 - 2026)
Conocophillips' (COP) quarterly Debt Ratio came in at 0.19 in Q2 2026, down 2.34% year-over-year from 0.19 in Q2 2025, and down 1.39% quarter-over-quarter from 0.19 in Q1 2026.
Analysis
Conocophillips (COP) Debt Ratio (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Debt Ratio for 18 consecutive years, with 0.19 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Debt Ratio fell 2.34% year-over-year to 0.19 in Q2 2026; TTM through Jun 2026 was 0.19, a 2.34% decrease from a year earlier, with the FY2025 full-year figure at 0.19, down 2.95% from the prior year.
- Debt Ratio was 0.19 for Q2 2026 at Conocophillips, down from 0.19 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.2 in Q3 2023 and troughed at 0.18 in Q4 2022.
- A 5-year average of 0.19 and a median of 0.19 in 2024 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio slumped 37.02% in 2022 and increased 13.64% in 2023, its largest moves.
- Over 5 years, Debt Ratio stood at 0.18 in 2022, then gained by 10.97% to 0.2 in 2023, then increased by 0.35% to 0.2 in 2024, then decreased by 2.95% to 0.19 in 2025, then slipped by 2.51% to 0.19 in 2026.
- The last three Debt Ratio figures came in at 0.19 (Q2 2026), 0.19 (Q1 2026), and 0.19 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 161.33 Bn | 153.64 Bn | 12.81 Bn | 0.19 |
| 2 | Canadian Natural Resources | 104.99 Bn | 103.10 Bn | 8.84 Bn | - |
| 3 | Eog Resources | 76.13 Bn | 71.22 Bn | - | 0.14 |
| 4 | Diamondback Energy | 55.89 Bn | 61.52 Bn | 5.55 Bn | 0.18 |
| 5 | Devon Energy | 52.87 Bn | 51.86 Bn | 6.02 Bn | 0.20 |
| 6 | Expand Energy | 22.67 Bn | 21.40 Bn | 2.33 Bn | 0.13 |
| 7 | Permian Resources | 19.56 Bn | 19.30 Bn | - | 0.16 |
| 8 | Ovintiv | 17.91 Bn | 17.03 Bn | 2.83 Bn | 0.19 |
| 9 | Apa | 14.98 Bn | 15.46 Bn | 2.28 Bn | 0.21 |
| 10 | Antero Resources | 12.17 Bn | 11.60 Bn | 1.56 Bn | 0.17 |
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 | 0.27 |