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
DateValue
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%