ConocoPhillips vs ExxonMobil: Business Model & Financial Comparison 2026
ConocoPhillips · Energy / Oil & Gas E&P·ExxonMobil · Energy / Oil & Gas Integrated
Financial Comparison
| Metric | COPConocoPhillips | XOMExxonMobil |
|---|---|---|
| Market Cap | $147.00B | $639.72B |
| Revenue (TTM) | $60.28B | $323.90B |
| Revenue Growth | -6.8% | -1.3% |
| Gross Margin | 46.2% | 31.0% |
| Operating Margin | 16.3% | 9.5% |
| Net Margin | 13.3% | 8.9% |
| Return on Equity | 12.4% | 11.1% |
| P/E (Trailing) | 18.9x | 22.9x |
| P/E (Forward) | 17.7x | 17.9x |
| Free Cash Flow | $7.49B | $12.23B |
| Cash | $6.98B | $10.68B |
| Total Debt | $24.39B | $50.49B |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
ConocoPhillips
ConocoPhillips stands as a leading company in Energy. Generating $60.28 billion in annual revenue (growing -6.8% year-over-year) and carrying a market capitalization of $142.79 billion, the company has cemented its position as a foundational player in the global Oil & Gas E&P landscape. Under the leadership of its leadership team, ConocoPhillips continues to execute on a multi-year strategic vision that balances growth investment with shareholder…
Full ConocoPhillips analysis →ExxonMobil
ExxonMobil is a leading company in its sector. This analysis provides a comprehensive overview of ExxonMobil's business model, competitive positioning, and strategic outlook for 2026, drawing on available public information for investors, analysts, and researchers.
Full ExxonMobil analysis →SWOT Analysis Comparison
Strengths
ConocoPhillips
- With a market capitalization of $142.79B, ConocoPhillips is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that
- ConocoPhillips's gross margin of 46.2% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 16.3% demonstrates discip
- ConocoPhillips generated $7.49B in free cash flow, providing financial flexibility to invest in growth initiatives, return capital to shareholders, or strengthen the balance sheet.
ExxonMobil
- The company holds an established position in the its industry sector, with a track record of serving customers and generating value across its core business activities.
- The company's deep expertise in its industry — developed over years of operation — provides meaningful barriers to entry and customer relationship advantages that newer competitors must overcome.
Weaknesses
ConocoPhillips
- Year-over-year revenue declined 6.8%, raising questions about demand for ConocoPhillips's core offerings and requiring management to articulate a credible recovery path.
ExxonMobil
- In the its industry sector, larger competitors with greater economies of scale can exert pricing pressure and outspend The company on marketing, R&D, and distribution — limiting the company's ability
- Revenue concentration in core markets or customer segments creates vulnerability to localized downturns, regulatory changes, or shifts in customer preferences. Diversification remains an ongoing strat
Opportunities
ConocoPhillips
- ConocoPhillips operates in the Oil & Gas E&P segment of the broader Energy sector, which represents a $6.5 trillion global energy market. Even modest share gains in this environment translate to meani
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for ConocoP
- With $6.98B in cash and strong free cash flow generation, ConocoPhillips is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.
ExxonMobil
- The company operates in the its industry segment of the broader sector, which represents a $10+ trillion global market. Even modest share gains in this environment translate to meaningful revenue ups
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for The com
- With N/A in cash and strong free cash flow generation, The company is well-positioned to pursue strategic acquisitions that expand its capabilities, customer base, or geographic reach.
Threats
ConocoPhillips
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. ConocoPhillips's revenue is not fully insulated from macroeconomic cycles, and a recession s
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on ConocoPhillips's bu
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
ExxonMobil
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. The company's revenue is not fully insulated from macroeconomic cycles, and a recession scen
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on The company's busin
- Competition for skilled technology, engineering, and management talent remains intense. High employee turnover or inability to attract top talent could slow innovation and execution — particularly cri
Compare any 2–4 companies with live data
The interactive comparison tool lets you select any companies, see real-time metrics, and export a side-by-side report.
Open Comparison ToolConocoPhillips vs ExxonMobil: FAQ
- Is ConocoPhillips bigger than ExxonMobil?
- By market capitalization, ExxonMobil is larger at $639.72B vs ConocoPhillips's $147.00B.
- Which has better profit margins — ConocoPhillips or ExxonMobil?
- ConocoPhillips has higher net profit margins (13.3%) compared to ExxonMobil (8.9%). Gross and operating margins are compared in the table above.
- What sectors do ConocoPhillips and ExxonMobil operate in?
- ConocoPhillips operates in the Energy sector (Oil & Gas E&P). ExxonMobil operates in the Energy sector (Oil & Gas Integrated).
- How does ConocoPhillips's revenue compare to ExxonMobil's?
- ConocoPhillips generates $60.28B in annual revenue (TTM) while ExxonMobil generates $323.90B. ExxonMobil is the larger company by revenue as of 2026.