Headquartered in Houston, Texas, ConocoPhillips (COP) is one of the world's largest independent exploration and production (E&P) companies, commanding a market cap of $113.3 billion. The company is focused on the responsible extraction, development, and production of crude oil, natural gas, and natural gas liquids (NGLs). Unlike integrated oil companies, ConocoPhillips operates exclusively in the upstream segment of the energy industry.
COP shares have substantially underperformed the broader market over the past year, falling 9.1% over the past 52 weeks and rising 1.4% in 2025. Meanwhile, the S&P 500 Index ($SPX) has soared 21.8% over the past year and a 2.7% rise in 2025.
