COP vs. ENB: ConocoPhillips vs. Enbridge Stock Comparison

September 7, 2026

How do ConocoPhillips (COP) and Enbridge (ENB) 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 Enbridge (ENB) both belong to the Oil, Gas & Consumable Fuels industry, though COP is classified under Oil & Gas Exploration & Production while ENB falls under Oil & Gas Storage & Transportation.

Company profile comparison for ConocoPhillips (COP) and Enbridge (ENB)
Profile Item	COP	ENB
Name	ConocoPhillips	Enbridge 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	Oil & Gas Storage & Transportation
Market Capitalization	161.29 billion USD	109.40 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	March 15, 1984
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COP

ENB

GSPC

ConocoPhillips (COP) vs. Enbridge (ENB), 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 Enbridge (ENB). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ConocoPhillips (COP) and Enbridge (ENB)
Metric	COP	ENB
Total Return (1Y)	44.61%	8.21%
Total Return (3Y, Annualized)	6.47%	18.82%
Total Return (5Y, Annualized)	23.31%	11.11%

Risk Profile

Drawdown History

COP

ENB

GSPC

ConocoPhillips (COP) vs. Enbridge (ENB), 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 Enbridge (ENB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ConocoPhillips (COP) and Enbridge (ENB)
Metric	COP	ENB
Volatility (1Y, Annualized)	30.43%	17.28%
Beta (5Y)	0.23	0.59
Max Drawdown (5Y)	-36.30%	-28.31%
Avg. Volume (3M)	7.03M	4.39M

Risk-Adjusted Performance

Risk-Return Positioning

COP and ENB 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 Enbridge (ENB)
Metric	COP	ENB
Sharpe Ratio (1Y)	1.33	0.24
Sortino Ratio (1Y)	1.98	0.34

Profitability

ROE (TTM)

Both ConocoPhillips (COP) at 14.18% and Enbridge (ENB) at 9.22% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

COP

Energy industry group

14.18%

Max: 42.10%
Q3: 20.91%
COP: 14.18%
Median: 11.24%
Q1: 1.52%
Min: -26.68%

ENB

Energy industry group

9.22%

Max: 42.10%
Q3: 20.91%
Median: 11.24%
ENB: 9.22%
Q1: 1.52%
Min: -26.68%

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

Net Margin (TTM)

Both ConocoPhillips (COP) at 14.40% and Enbridge (ENB) at 7.34% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

COP

Energy industry group

14.40%

Max: 54.76%
Q3: 22.09%
COP: 14.40%
Median: 8.01%
Q1: 0.05%
Min: -31.11%

ENB

Energy industry group

7.34%

Max: 54.76%
Q3: 22.09%
Median: 8.01%
ENB: 7.34%
Q1: 0.05%
Min: -31.11%

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

Operating Margin (TTM)

Both ConocoPhillips (COP) at 31.51% and Enbridge (ENB) at 10.16% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

COP

Energy industry group

31.51%

Max: 83.65%
Q3: 43.89%
COP: 31.51%
Median: 22.45%
Q1: 8.51%
Min: -9.47%

ENB

Energy industry group

10.16%

Max: 83.65%
Q3: 43.89%
Median: 22.45%
ENB: 10.16%
Q1: 8.51%
Min: -9.47%

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

Profitability Metrics

Profitability metrics for ConocoPhillips (COP) and Enbridge (ENB)
Metric	COP	ENB
ROE (TTM)	14.18%	9.22%
ROA (TTM)	7.53%	3.29%
Net Margin (TTM)	14.40%	7.34%
Operating Margin (TTM)	31.51%	10.16%
Gross Margin (TTM)	47.57%	32.59%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% sits in the top revenue growth quartile, while ConocoPhillips (COP) at 7.67% is closer to the peer norm — faster top-line expansion for ENB.

ConocoPhillips (COP) vs. Enbridge (ENB): A comparison of their Revenue Growth across different time periods.

EPS Growth

Enbridge (ENB) at 37.61% 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 ENB.

ConocoPhillips (COP) vs. Enbridge (ENB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ConocoPhillips (COP) and Enbridge (ENB)
Metric	COP	ENB
Revenue Growth (YoY)	7.67%	21.92%
Revenue Growth (3Y CAGR)	-9.11%	6.94%
EPS Growth (YoY)	-18.69%	37.61%
EPS Growth (3Y CAGR)	-24.18%	36.00%

Financial Strength

Current Ratio (MRQ)

ConocoPhillips (COP) at 1.54 keeps current ratio within its industry’s typical mid-range, while Enbridge (ENB) at 0.72 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ENB.

COP

Energy industry group

1.54

Max: 4.12
Q3: 2.27
COP: 1.54
Median: 1.46
Q1: 0.90
Min: 0.24

ENB

Energy industry group

0.72

Max: 4.12
Q3: 2.27
Median: 1.46
Q1: 0.90
ENB: 0.72
Min: 0.24

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

Debt / Equity (MRQ)

ConocoPhillips (COP) at 0.36 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.63 uses more debt funding than most peers.

COP

Energy industry group

0.36

Max: 2.00
Q3: 0.98
Median: 0.56
COP: 0.36
Q1: 0.27
Min: 0.00

ENB

Energy industry group

1.63

Max: 2.00
ENB: 1.63
Q3: 0.98
Median: 0.56
Q1: 0.27
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ConocoPhillips (COP) and Enbridge (ENB)
Metric	COP	ENB
Current Ratio (MRQ)	1.54	0.72
Debt / Equity (MRQ)	0.36	1.63
Net Debt / EBITDA	0.58	6.33

Dividends

Dividend Yield (TTM)

Enbridge (ENB) at 7.58% delivers top-quartile income for its industry, while ConocoPhillips (COP) at 2.43% pays a more typical yield — both are credible income propositions, ENB the richer one.

COP

Energy industry group

2.43%

Max: 7.75%
Q3: 3.24%
COP: 2.43%
Median: 1.40%
Q1: 0.00%
Min: 0.00%

ENB

Energy industry group

7.58%

Max: 7.75%
ENB: 7.58%
Q3: 3.24%
Median: 1.40%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile ConocoPhillips (COP) reports 43.65%, ranking against industry peers normally.

COP

Energy industry group

43.65%

Max: 123.08%
Q3: 52.71%
COP: 43.65%
Median: 26.57%
Q1: 0.00%
Min: 0.00%

ENB

Energy industry group

147.68%

ENB: 147.68%
Max: 123.08%
Q3: 52.71%
Median: 26.57%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ConocoPhillips (COP) and Enbridge (ENB)
Metric	COP	ENB
Dividend Yield (TTM)	2.43%	7.58%
Dividend Payout Ratio (TTM)	43.65%	147.68%

Valuation

P/E Ratio (TTM)

Both ConocoPhillips (COP) at 17.76 and Enbridge (ENB) at 26.79 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

17.76

Max: 53.58
Q3: 27.49
COP: 17.76
Median: 15.20
Q1: 9.32
Min: 2.53

ENB

Energy industry group

26.79

Max: 53.58
Q3: 27.49
ENB: 26.79
Median: 15.20
Q1: 9.32
Min: 2.53

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

P/S Ratio (TTM)

On P/S ratio, both ConocoPhillips (COP) at 2.50 and Enbridge (ENB) at 1.31 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

COP

Energy industry group

2.50

Max: 5.30
Q3: 3.07
COP: 2.50
Median: 1.91
Q1: 1.06
Min: 0.00

ENB

Energy industry group

1.31

Max: 5.30
Q3: 3.07
Median: 1.91
ENB: 1.31
Q1: 1.06
Min: 0.00

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

P/B Ratio (MRQ)

On P/B ratio, both ConocoPhillips (COP) at 2.47 and Enbridge (ENB) at 2.60 are valued close to their industries’ norm against book — neither stands out from peers.

COP

Energy industry group

2.47

Max: 4.75
Q3: 2.75
COP: 2.47
Median: 1.87
Q1: 1.32
Min: 0.01

ENB

Energy industry group

2.60

Max: 4.75
Q3: 2.75
ENB: 2.60
Median: 1.87
Q1: 1.32
Min: 0.01

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

Valuation Metrics

Valuation metrics for ConocoPhillips (COP) and Enbridge (ENB)
Metric	COP	ENB
P/E Ratio (TTM)	17.76	26.79
P/S Ratio (TTM)	2.50	1.31
P/B Ratio (MRQ)	2.47	2.60
Free Cash Flow Yield (TTM)	4.77%	-0.97%