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
DateValue
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%