Conocophillips (COP) Return on Capital Employed (2009 - 2026)
Conocophillips' (COP) quarterly Return on Capital Employed came in at 22.86% in Q1 2026, down 84.0% year-on-year from 142.85% in Q1 2025, and down 1.98% on a QoQ basis from 23.32% in Q4 2025.
Conocophillips (COP) Return on Capital Employed (2009 - 2026) Analysis & Trends
Conocophillips (COP) has 18 years of Return on Capital Employed data on file, last reported at 22.86% in Q1 2026.
- On a quarterly basis, Return on Capital Employed fell 84.0% year-over-year to 22.86% in Q1 2026; TTM through Mar 2026 was 22.86%, a 84.0% decrease from a year earlier, with the FY2025 full-year figure at 23.81%, down 291.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 22.86%, down from 23.32% in the prior quarter.
- Over the last five years, Return on Capital Employed for COP reached as high as 47.57% in Q3 2022 and fell as low as 14.61% in Q3 2024.
- Historically, Return on Capital Employed has averaged 28.15% across 5 years, with a median of 24.5% in 2025.
- Across the five-year window, Return on Capital Employed jumped 2566 bps in 2022 and tumbled 2903 bps in 2023, its largest moves.
- Year by year, Return on Capital Employed stood at 44.29% in 2022, then slumped by 66 bps to 15.25% in 2023, then soared by 67 bps to 25.4% in 2024, then retreated by 8 bps to 23.32% in 2025, then declined by 2 bps to 22.86% in 2026.
- Per Business Quant data, the three most recent Return on Capital Employed figures were 22.86% in Q1 2026, 23.32% in Q4 2025, and 24.5% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 22.86% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 15.04% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | -0.44% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | - |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 1.41% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 10.19% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 39.41% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 10.92% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 17.11% |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 5.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.86% |
| Dec 31, 2025 | 23.32% |
| Sep 30, 2025 | 24.50% |
| Jun 30, 2025 | 23.20% |
| Mar 31, 2025 | 23.70% |
| Dec 31, 2024 | 25.40% |
| Sep 30, 2024 | 14.61% |
| Jun 30, 2024 | 16.17% |
| Mar 31, 2024 | 14.67% |
| Dec 31, 2023 | 15.25% |
| Sep 30, 2023 | 30.82% |
| Jun 30, 2023 | 34.19% |
| Mar 31, 2023 | 39.49% |
| Dec 31, 2022 | 44.29% |
| Sep 30, 2022 | 47.57% |
| Jun 30, 2022 | 42.16% |
| Mar 31, 2022 | 36.42% |
| Dec 31, 2021 | 28.93% |
| Sep 30, 2021 | 22.49% |
| Jun 30, 2021 | 16.50% |