COP vs. MPC: ConocoPhillips vs. Marathon Petroleum Stock Comparison

November 11, 2026

How do ConocoPhillips (COP) and Marathon Petroleum (MPC) 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 Marathon Petroleum (MPC) both belong to the Oil, Gas & Consumable Fuels industry, though COP is classified under Oil & Gas Exploration & Production while MPC falls under Oil & Gas Refining & Marketing.

Company profile comparison for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Profile Item	COP	MPC
Name	ConocoPhillips	Marathon Petroleum Corp.
Country/Region	United States	United States
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 Refining & Marketing
Market Capitalization	161.12 billion USD	101.49 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	June 24, 2011
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COP

MPC

GSPC

ConocoPhillips (COP) vs. Marathon Petroleum (MPC), 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 Marathon Petroleum (MPC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Metric	COP	MPC
Total Return (1Y)	62.02%	104.94%
Total Return (3Y, Annualized)	9.29%	42.97%
Total Return (5Y, Annualized)	16.40%	45.42%

Risk Profile

Drawdown History

COP

MPC

GSPC

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

Risk Metrics

Risk profile metrics for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Metric	COP	MPC
Volatility (1Y, Annualized)	31.63%	37.53%
Beta (5Y)	0.19	0.56
Max Drawdown (5Y)	-36.30%	-44.75%
Avg. Volume (3M)	6.60M	2.56M

Risk-Adjusted Performance

Risk-Return Positioning

COP and MPC 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 Marathon Petroleum (MPC)
Metric	COP	MPC
Sharpe Ratio (1Y)	1.83	2.68
Sortino Ratio (1Y)	2.70	4.10

Profitability

ROE (TTM)

Marathon Petroleum (MPC) at 60.46% clears its industry range for ROE, a sharper capital-efficiency signal than ConocoPhillips (COP) at 17.66%, which is closer to a typical peer reading.

COP

Energy industry group

17.66%

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

MPC

Energy industry group

60.46%

MPC: 60.46%
Max: 53.85%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both ConocoPhillips (COP) at 16.76% and Marathon Petroleum (MPC) at 8.34% 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%

MPC

Energy industry group

8.34%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
MPC: 8.34%
Q1: 0.07%
Min: -27.38%

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both ConocoPhillips (COP) at 30.05% and Marathon Petroleum (MPC) at 17.98% 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%

MPC

Energy industry group

17.98%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
MPC: 17.98%
Q1: 6.94%
Min: -24.52%

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Metric	COP	MPC
ROE (TTM)	17.66%	60.46%
ROA (TTM)	8.98%	13.75%
Net Margin (TTM)	16.76%	8.34%
Operating Margin (TTM)	30.05%	17.98%
Gross Margin (TTM)	49.01%	16.20%

Growth

Revenue Growth

Both ConocoPhillips (COP) at 7.67% and Marathon Petroleum (MPC) at -4.44% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Marathon Petroleum (MPC) at 31.15% 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 MPC.

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Metric	COP	MPC
Revenue Growth (YoY)	7.67%	-4.44%
Revenue Growth (3Y CAGR)	-9.11%	-9.23%
EPS Growth (YoY)	-18.69%	31.15%
EPS Growth (3Y CAGR)	-24.18%	-22.24%

Financial Strength

Current Ratio (MRQ)

Both ConocoPhillips (COP) at 1.52 and Marathon Petroleum (MPC) at 1.45 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

MPC

Energy industry group

1.45

Max: 3.64
Q3: 2.21
MPC: 1.45
Median: 1.41
Q1: 0.88
Min: 0.24

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

ConocoPhillips (COP) at 0.35 carries an industry-typical debt-to-equity mix, while Marathon Petroleum (MPC) at 1.15 uses more debt funding than most peers.

COP

Energy industry group

0.35

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

MPC

Energy industry group

1.15

Max: 1.75
MPC: 1.15
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Metric	COP	MPC
Current Ratio (MRQ)	1.52	1.45
Debt / Equity (MRQ)	0.35	1.15
Net Debt / EBITDA	0.45	0.88

Dividends

Dividend Yield (TTM)

Both ConocoPhillips (COP) at 2.48% and Marathon Petroleum (MPC) at 1.09% 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%

MPC

Energy industry group

1.09%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
MPC: 1.09%
Q1: 0.00%
Min: 0.00%

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both ConocoPhillips (COP) at 35.41% and Marathon Petroleum (MPC) at 7.93% 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%

MPC

Energy industry group

7.93%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
MPC: 7.93%
Q1: 0.00%
Min: 0.00%

ConocoPhillips (COP) vs. Marathon Petroleum (MPC): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Metric	COP	MPC
Dividend Yield (TTM)	2.48%	1.09%
Dividend Payout Ratio (TTM)	35.41%	7.93%

Valuation

P/E Ratio (TTM)

Marathon Petroleum (MPC) at 7.39 sits in the cheaper P/E ratio quartile, while ConocoPhillips (COP) at 14.36 is closer to its industry’s usual earnings multiple — a discount for MPC, though growth and earnings durability still matter.

COP

Energy industry group

14.36

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

MPC

Energy industry group

7.39

Max: 39.54
Q3: 21.72
Median: 12.19
Q1: 7.71
MPC: 7.39
Min: 2.99

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

P/S Ratio (TTM)

Marathon Petroleum (MPC) at 0.58 sits in the cheaper P/S ratio quartile while ConocoPhillips (COP) at 2.34 prices around its industry’s middle — MPC 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

MPC

Energy industry group

0.58

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
MPC: 0.58
Min: 0.00

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

P/B Ratio (MRQ)

Both look rich against book: ConocoPhillips (COP) at 2.44 sits in the upper P/B ratio quartile, and Marathon Petroleum (MPC) at 4.42 prices even higher, above its industry range.

COP

Energy industry group

2.44

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

MPC

Energy industry group

4.42

MPC: 4.42
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for ConocoPhillips (COP) and Marathon Petroleum (MPC)
Metric	COP	MPC
P/E Ratio (TTM)	14.36	7.39
P/S Ratio (TTM)	2.34	0.58
P/B Ratio (MRQ)	2.44	4.42
Free Cash Flow Yield (TTM)	7.12%	16.00%