ConocoPhillips Market Capitalization from 2010 to 2024

COP Stock  USD 134.38  1.46  1.10%   
ConocoPhillips Market Cap yearly trend continues to be relatively stable with very little volatility. Market Cap is likely to grow to about 90.3 B this year.
Check ConocoPhillips financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ConocoPhillips main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.8 B, Interest Expense of 1.3 B or Selling General Administrative of 1.3 B, as well as many exotic indicators such as Price To Sales Ratio of 2.62, Dividend Yield of 0.0424 or PTB Ratio of 2.97. ConocoPhillips financial statements analysis is a perfect complement when working with ConocoPhillips Valuation or Volatility modules.
  
This module can also supplement ConocoPhillips' financial leverage analysis and stock options assessment as well as various ConocoPhillips Technical models . Check out the analysis of ConocoPhillips Correlation against competitors.
To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.

Latest ConocoPhillips' Market Capitalization Growth Pattern

Below is the plot of the Market Cap of ConocoPhillips over the last few years. It is ConocoPhillips' Market Cap historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ConocoPhillips' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 155.66 B10 Years Trend
Slightly volatile
   Market Cap   
       Timeline  

ConocoPhillips Market Capitalization Regression Statistics

Arithmetic Mean73,527,373,762
Geometric Mean60,127,471,867
Coefficient Of Variation36.05
Mean Deviation21,547,819,095
Median86,022,290,628
Standard Deviation26,506,827,107
Sample Variance702611883.3T
Range93.5B
R-Value0.81
Mean Square Error255609731.1T
R-Squared0.66
Significance0.0002
Slope4,823,173,178
Total Sum of Squares9836566366.3T

ConocoPhillips Market Capitalization History

202490.3 B
202386 B
201795.6 B
201662.3 B
201157.7 B
2010B

About ConocoPhillips Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include ConocoPhillips income statement, its balance sheet, and the statement of cash flows. ConocoPhillips investors use historical funamental indicators, such as ConocoPhillips's Market Capitalization, to determine how well the company is positioned to perform in the future. Although ConocoPhillips investors may use each financial statement separately, they are all related. The changes in ConocoPhillips's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ConocoPhillips's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ConocoPhillips Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ConocoPhillips. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Market Cap86 B90.3 B

Pair Trading with ConocoPhillips

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConocoPhillips position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConocoPhillips will appreciate offsetting losses from the drop in the long position's value.

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Moving against ConocoPhillips Stock

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The ability to find closely correlated positions to ConocoPhillips could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConocoPhillips when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConocoPhillips - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConocoPhillips to buy it.
The correlation of ConocoPhillips is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConocoPhillips moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConocoPhillips moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ConocoPhillips can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether ConocoPhillips is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ConocoPhillips Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Conocophillips Stock. Highlighted below are key reports to facilitate an investment decision about Conocophillips Stock:
Check out the analysis of ConocoPhillips Correlation against competitors.
To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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Is ConocoPhillips' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConocoPhillips. If investors know ConocoPhillips will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConocoPhillips listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.03)
Dividend Share
4.61
Earnings Share
9.07
Revenue Per Share
48.107
Quarterly Revenue Growth
(0.21)
The market value of ConocoPhillips is measured differently than its book value, which is the value of ConocoPhillips that is recorded on the company's balance sheet. Investors also form their own opinion of ConocoPhillips' value that differs from its market value or its book value, called intrinsic value, which is ConocoPhillips' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConocoPhillips' market value can be influenced by many factors that don't directly affect ConocoPhillips' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConocoPhillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConocoPhillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConocoPhillips' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.