ConocoPhillips Market Capitalization from 2010 to 2024

COP Stock  USD 114.54  2.12  1.89%   
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 indicators such as Price To Sales Ratio of 2.62, Dividend Yield of 0.042 or PTB Ratio of 2.97. ConocoPhillips financial statements analysis is a perfect complement when working with ConocoPhillips Valuation or Volatility modules.
  
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 130.55 B10 Years Trend
Slightly volatile
   Market Cap   
       Timeline  

ConocoPhillips Market Capitalization Regression Statistics

Arithmetic Mean73,528,897,571
Geometric Mean60,171,978,222
Coefficient Of Variation36.04
Mean Deviation21,546,193,698
Median86,022,290,628
Standard Deviation26,502,424,721
Sample Variance702378516.1T
Range93.5B
R-Value0.81
Mean Square Error255477129.8T
R-Squared0.66
Significance0.0002
Slope4,822,601,750
Total Sum of Squares9833299225.4T

ConocoPhillips Market Capitalization History

202490.3 B
202386 B
201795.6 B
201662.3 B
201157.7 B
20102.1 B

About ConocoPhillips Financial Statements

ConocoPhillips shareholders use historical fundamental indicators, such as Market Capitalization, to determine how well the company is positioned to perform in the future. Although ConocoPhillips investors may analyze each financial statement separately, they are all interrelated. The changes in ConocoPhillips' assets and liabilities, for example, are also reflected in the revenues and expenses on on ConocoPhillips' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas , and natural gas liquids worldwide. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas. ConocoPhillips operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 9400 people.

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.

Moving together with 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

Additional Tools for ConocoPhillips Stock Analysis

When running ConocoPhillips' price analysis, check to measure ConocoPhillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConocoPhillips is operating at the current time. Most of ConocoPhillips' value examination focuses on studying past and present price action to predict the probability of ConocoPhillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConocoPhillips' price. Additionally, you may evaluate how the addition of ConocoPhillips to your portfolios can decrease your overall portfolio volatility.