COP vs. CVE: ConocoPhillips vs. Cenovus Energy Stock Comparison

November 11, 2026

How do ConocoPhillips (COP) and Cenovus Energy (CVE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ConocoPhillips (COP) and Cenovus Energy (CVE) both belong to the Oil, Gas & Consumable Fuels industry, though COP is classified under Oil & Gas Exploration & Production while CVE falls under Integrated Oil & Gas.

Company profile comparison for ConocoPhillips (COP) and Cenovus Energy (CVE)
Profile Item	COP	CVE
Name	ConocoPhillips	Cenovus Energy Inc.
Country/Region	United States	Canada
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production	Integrated Oil & Gas
Market Capitalization	161.12 billion USD	49.61 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	November 17, 2009
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COP

CVE

GSPC

ConocoPhillips (COP) vs. Cenovus Energy (CVE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ConocoPhillips (COP) and Cenovus Energy (CVE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ConocoPhillips (COP) and Cenovus Energy (CVE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
Total Return (1Y)	62.02%	60.99%
Total Return (3Y, Annualized)	9.29%	19.41%
Total Return (5Y, Annualized)	16.40%	18.63%

Risk Profile

Drawdown History

COP

CVE

GSPC

ConocoPhillips (COP) vs. Cenovus Energy (CVE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ConocoPhillips (COP) and Cenovus Energy (CVE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
Volatility (1Y, Annualized)	31.63%	37.47%
Beta (5Y)	0.19	0.43
Max Drawdown (5Y)	-36.30%	-53.51%
Avg. Volume (3M)	6.60M	6.90M

Risk-Adjusted Performance

Risk-Return Positioning

COP and CVE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
Sharpe Ratio (1Y)	1.83	1.51
Sortino Ratio (1Y)	2.70	2.20

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while ConocoPhillips (COP) at 17.66% is closer to the peer norm — stronger capital efficiency for CVE.

COP

Energy industry group

17.66%

Max: 53.85%
Q3: 24.79%
COP: 17.66%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

CVE

Energy industry group

27.44%

Max: 53.85%
CVE: 27.44%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both ConocoPhillips (COP) at 16.76% and Cenovus Energy (CVE) at 15.42% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

COP

Energy industry group

16.76%

Max: 56.92%
Q3: 22.92%
COP: 16.76%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

CVE

Energy industry group

15.42%

Max: 56.92%
Q3: 22.92%
CVE: 15.42%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both ConocoPhillips (COP) at 30.05% and Cenovus Energy (CVE) at 26.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

COP

Energy industry group

30.05%

Max: 71.31%
Q3: 33.75%
COP: 30.05%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

CVE

Energy industry group

26.58%

Max: 71.31%
Q3: 33.75%
CVE: 26.58%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
ROE (TTM)	17.66%	27.44%
ROA (TTM)	8.98%	12.05%
Net Margin (TTM)	16.76%	15.42%
Operating Margin (TTM)	30.05%	26.58%
Gross Margin (TTM)	49.01%	33.92%

Growth

Revenue Growth

ConocoPhillips (COP) at 7.67% is around its peer norm for revenue growth, while Cenovus Energy (CVE) at -8.62% drops into the bottom quartile, signaling weaker demand or pricing momentum.

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while ConocoPhillips (COP) at -18.69% is closer to the peer norm — faster per-share earnings growth for CVE.

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
Revenue Growth (YoY)	7.67%	-8.62%
Revenue Growth (3Y CAGR)	-9.11%	-9.75%
EPS Growth (YoY)	-18.69%	28.74%
EPS Growth (3Y CAGR)	-24.18%	-12.42%

Financial Strength

Current Ratio (MRQ)

Both ConocoPhillips (COP) at 1.52 and Cenovus Energy (CVE) at 1.64 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

COP

Energy industry group

1.52

Max: 3.64
Q3: 2.21
COP: 1.52
Median: 1.41
Q1: 0.88
Min: 0.24

CVE

Energy industry group

1.64

Max: 3.64
Q3: 2.21
CVE: 1.64
Median: 1.41
Q1: 0.88
Min: 0.24

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both ConocoPhillips (COP) at 0.35 and Cenovus Energy (CVE) at 0.33 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

COP

Energy industry group

0.35

Max: 1.75
Q3: 0.93
Median: 0.54
COP: 0.35
Q1: 0.30
Min: 0.00

CVE

Energy industry group

0.33

Max: 1.75
Q3: 0.93
Median: 0.54
CVE: 0.33
Q1: 0.30
Min: 0.00

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
Current Ratio (MRQ)	1.52	1.64
Debt / Equity (MRQ)	0.35	0.33
Net Debt / EBITDA	0.45	0.35

Dividends

Dividend Yield (TTM)

Both ConocoPhillips (COP) at 2.48% and Cenovus Energy (CVE) at 3.04% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

COP

Energy industry group

2.48%

Max: 8.57%
Q3: 3.58%
COP: 2.48%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

CVE

Energy industry group

3.04%

Max: 8.57%
Q3: 3.58%
CVE: 3.04%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both ConocoPhillips (COP) at 35.41% and Cenovus Energy (CVE) at 22.84% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

COP

Energy industry group

35.41%

Max: 133.24%
Q3: 53.31%
COP: 35.41%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

CVE

Energy industry group

22.84%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
CVE: 22.84%
Q1: 0.00%
Min: 0.00%

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
Dividend Yield (TTM)	2.48%	3.04%
Dividend Payout Ratio (TTM)	35.41%	22.84%

Valuation

P/E Ratio (TTM)

Both ConocoPhillips (COP) at 14.36 and Cenovus Energy (CVE) at 10.56 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

COP

Energy industry group

14.36

Max: 39.54
Q3: 21.72
COP: 14.36
Median: 12.19
Q1: 7.71
Min: 2.99

CVE

Energy industry group

10.56

Max: 39.54
Q3: 21.72
Median: 12.19
CVE: 10.56
Q1: 7.71
Min: 2.99

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 sits in the cheaper P/S ratio quartile while ConocoPhillips (COP) at 2.34 prices around its industry’s middle — CVE costs less per dollar of sales, though read it alongside growth and margins.

COP

Energy industry group

2.34

Max: 5.40
Q3: 2.85
COP: 2.34
Median: 1.69
Q1: 0.88
Min: 0.00

CVE

Energy industry group

0.88

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
CVE: 0.88
Min: 0.00

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Cenovus Energy (CVE) at 1.98 is valued about in line with its industry on P/B ratio, while ConocoPhillips (COP) at 2.44 carries an above-peer premium to book — COP is pricier on assets.

COP

Energy industry group

2.44

Max: 4.21
COP: 2.44
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

CVE

Energy industry group

1.98

Max: 4.21
Q3: 2.38
CVE: 1.98
Median: 1.51
Q1: 1.08
Min: 0.01

ConocoPhillips (COP) vs. Cenovus Energy (CVE): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for ConocoPhillips (COP) and Cenovus Energy (CVE)
Metric	COP	CVE
P/E Ratio (TTM)	14.36	10.56
P/S Ratio (TTM)	2.34	0.88
P/B Ratio (MRQ)	2.44	1.98
Free Cash Flow Yield (TTM)	7.12%	20.71%