ConocoPhillips

COPNYSEEnergy● Active

$117.14

$-2.09(-1.75%)

Market Cap$142.7B

P/E Ratio—

52W High$135.87

52W Low$85.23

Avg Volume9.1M

Open$119.50

Beta0.11

Overview

ConocoPhillips (COP) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

COP · free cash flow · updated Jun 8, 2026

Core FCF metrics

COP · FCF · TTM · margin & CAGR

Free cash flow was $16.77B for FY2025 (fiscal year ending 2025-12-31), up 109.5% year-over-year The FCF margin was 28.6%. Five-year CAGR stands at +186.4%.

FY2025 Free Cash Flow$16.77B▲ +109.5% YoY

Trailing 12M (TTM)$18.33Btrailing 4 quarters sum

FCF Margin28.6%$16.77B ÷ revenue

3-Year CAGR-2.6%FY2022 → FY2025

5-Year CAGR+186.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

COP · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$19.80B(3.02B)$16.77B▲ +109.5%28.6%

FY2024$20.12B(12.12B)$8.01B▼ 8.2%14.7%

FY2023$19.96B(11.25B)$8.72B▼ 52.0%15.6%

FY2022$28.31B(10.16B)$18.16B▲ +55.5%23.1%

FY2021$17.00B(5.32B)$11.67B▲ +13316.1%25.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

COP · P/FCF · FCF yield · FCF per share

ConocoPhillips (COP) trades at a FCF yield of 12.84% and a price-to-free-cash-flow ratio of 8.0x. FCF per share stands at $14.64, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.84%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$14.64

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

COP · cash flow statement · operating / investing / financing

For FY2025, ConocoPhillips generated $19.80B in operating cash flow and spent 3.02B in capital expenditures, yielding $16.77B in free cash flow.

Operating Activities

+$19.80B

Cash from core business operations

2025-12-31

Investing Activities

−$8.84B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$10.10B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($19.80B) − |CapEx| (3.02B) = FCF ($16.77B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

COP vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ConocoPhillipsYOU

COP

$16.77B+109.5%28.6%

71%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ConocoPhillips (COP) reported free cash flow of $16.77B for FY2025 (fiscal year ending 2025-12-31), up 109.5% year-over-year. The FCF margin was 28.6%.

Based on available data, ConocoPhillips has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $18.16B in FY2022. The 5-year CAGR stands at +186.4%.

ConocoPhillips's FCF yield is 12.84% and price-to-FCF ratio is 8.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

COP free cash flow · 8 questions

ConocoPhillips free cash flow was $16.77B for FY2025, up 109.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $18.33B.

COP free cash flowCOP FCFCOP FCF 2025COP free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ConocoPhillips · ConocoPhillips SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026