Conocophillips (COP) Return on Capital Employed (2009 - 2026)
Conocophillips (COP) recorded quarterly Return on Capital Employed of 22.41% in Q1 2026, down 2.03% quarter-over-quarter from 22.87% in Q4 2025, and down 489.0% on a YoY basis from 5.76% in Q1 2025.
Conocophillips (COP) Return on Capital Employed (2009 - 2026) Analysis & Trends
Conocophillips' Return on Capital Employed history runs 18 years deep, the most recent figure standing at 22.41% for Q1 2026.
- In Q1 2026, Return on Capital Employed fell 489.0% year-over-year to 22.41%; the TTM figure through Mar 2026 stood at 22.41% (down 489.0% YoY), while the FY2025 annual figure was 23.81%, down 518.0% from the prior year.
- Return on Capital Employed was 22.41% for Q1 2026 at Conocophillips, down from 22.87% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 48.93% in Q4 2022 to a low of 14.67% in Q3 2024.
- Historically, Return on Capital Employed has averaged 30.23% across 5 years, with a median of 27.6% in 2025.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed soared 2487 bps in 2022, then slumped 3305 bps in 2023.
- A 5-year view of Return on Capital Employed shows it stood at 48.93% in 2022, then tumbled by 68 bps to 15.88% in 2023, then jumped by 85 bps to 29.46% in 2024, then retreated by 22 bps to 22.87% in 2025, then slipped by 2 bps to 22.41% in 2026.
- The last three Return on Capital Employed figures came in at 22.41% (Q1 2026), 22.87% (Q4 2025), and 27.6% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 13.66% |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | - |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 22.41% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 15.04% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 19.02% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | -0.44% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 23.41% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 12.16% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 34,022.25% |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | 0.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.41% |
| Dec 31, 2025 | 22.87% |
| Sep 30, 2025 | 27.60% |
| Jun 30, 2025 | 27.18% |
| Mar 31, 2025 | 27.30% |
| Dec 31, 2024 | 29.46% |
| Sep 30, 2024 | 14.67% |
| Jun 30, 2024 | 15.57% |
| Mar 31, 2024 | 15.29% |
| Dec 31, 2023 | 15.88% |
| Sep 30, 2023 | 35.11% |
| Jun 30, 2023 | 38.50% |
| Mar 31, 2023 | 44.16% |
| Dec 31, 2022 | 48.93% |
| Sep 30, 2022 | 48.61% |
| Jun 30, 2022 | 43.18% |
| Mar 31, 2022 | 37.23% |
| Dec 31, 2021 | 30.73% |
| Sep 30, 2021 | 24.32% |
| Jun 30, 2021 | 18.31% |