COP vs. OKE: ConocoPhillips vs. ONEOK Stock Comparison

November 11, 2026

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

Company profile comparison for ConocoPhillips (COP) and ONEOK (OKE)
Profile Item	COP	OKE
Name	ConocoPhillips	ONEOK, Inc.
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 Storage & Transportation
Market Capitalization	161.12 billion USD	53.71 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	October 1, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COP

OKE

GSPC

ConocoPhillips (COP) vs. ONEOK (OKE), 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

Loading price history…

Trailing total returns for ConocoPhillips (COP) and ONEOK (OKE). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for ConocoPhillips (COP) and ONEOK (OKE)
Metric	COP	OKE
Total Return (1Y)	62.02%	33.00%
Total Return (3Y, Annualized)	9.29%	16.19%
Total Return (5Y, Annualized)	16.40%	11.76%

Risk Profile

Drawdown History

COP

OKE

GSPC

ConocoPhillips (COP) vs. ONEOK (OKE), 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

Loading price history…

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

Risk Metrics

Risk profile metrics for ConocoPhillips (COP) and ONEOK (OKE)
Metric	COP	OKE
Volatility (1Y, Annualized)	31.63%	27.56%
Beta (5Y)	0.19	0.79
Max Drawdown (5Y)	-36.30%	-42.17%
Avg. Volume (3M)	6.60M	3.38M

Risk-Adjusted Performance

Risk-Return Positioning

COP and OKE 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 ONEOK (OKE)
Metric	COP	OKE
Sharpe Ratio (1Y)	1.83	1.04
Sortino Ratio (1Y)	2.70	1.50

Profitability

ROE (TTM)

Both ConocoPhillips (COP) at 17.66% and ONEOK (OKE) at 15.02% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

COP

Energy industry group

17.66%

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

OKE

Energy industry group

15.02%

Max: 53.85%
Q3: 24.79%
OKE: 15.02%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

Both ConocoPhillips (COP) at 16.76% and ONEOK (OKE) at 9.42% 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%

OKE

Energy industry group

9.42%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
OKE: 9.42%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

Both ConocoPhillips (COP) at 30.05% and ONEOK (OKE) at 12.71% 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%

OKE

Energy industry group

12.71%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
OKE: 12.71%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for ConocoPhillips (COP) and ONEOK (OKE)
Metric	COP	OKE
ROE (TTM)	17.66%	15.02%
ROA (TTM)	8.98%	5.46%
Net Margin (TTM)	16.76%	9.42%
Operating Margin (TTM)	30.05%	12.71%
Gross Margin (TTM)	49.01%	25.20%

Growth

Revenue Growth

ONEOK (OKE) at 54.99% clears its industry range for revenue growth, far stronger top-line momentum than ConocoPhillips (COP) at 7.67%, which is closer to a typical peer reading.

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

EPS Growth

Both ConocoPhillips (COP) at -18.69% and ONEOK (OKE) at 4.84% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for ConocoPhillips (COP) and ONEOK (OKE)
Metric	COP	OKE
Revenue Growth (YoY)	7.67%	54.99%
Revenue Growth (3Y CAGR)	-9.11%	14.53%
EPS Growth (YoY)	-18.69%	4.84%
EPS Growth (3Y CAGR)	-24.18%	12.17%

Financial Strength

Current Ratio (MRQ)

ConocoPhillips (COP) at 1.52 keeps current ratio within its industry’s typical mid-range, while ONEOK (OKE) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for OKE.

COP

Energy industry group

1.52

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

OKE

Energy industry group

0.84

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
OKE: 0.84
Min: 0.24

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

Debt / Equity (MRQ)

Both ConocoPhillips (COP) at 0.35 and ONEOK (OKE) at 0.88 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

OKE

Energy industry group

0.88

Max: 1.75
Q3: 0.93
OKE: 0.88
Median: 0.54
Q1: 0.30
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ConocoPhillips (COP) and ONEOK (OKE)
Metric	COP	OKE
Current Ratio (MRQ)	1.52	0.84
Debt / Equity (MRQ)	0.35	0.88
Net Debt / EBITDA	0.45	3.68

Dividends

Dividend Yield (TTM)

ONEOK (OKE) at 4.96% delivers top-quartile income for its industry, while ConocoPhillips (COP) at 2.48% pays a more typical yield — both are credible income propositions, OKE the richer one.

COP

Energy industry group

2.48%

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

OKE

Energy industry group

4.96%

Max: 8.57%
OKE: 4.96%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

ConocoPhillips (COP) at 35.41% pays out a band-typical share of earnings, while ONEOK (OKE) at 65.84% distributes more than its industry norm — less retained, thinner cover.

COP

Energy industry group

35.41%

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

OKE

Energy industry group

65.84%

Max: 133.24%
OKE: 65.84%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ConocoPhillips (COP) and ONEOK (OKE)
Metric	COP	OKE
Dividend Yield (TTM)	2.48%	4.96%
Dividend Payout Ratio (TTM)	35.41%	65.84%

Valuation

P/E Ratio (TTM)

Both ConocoPhillips (COP) at 14.36 and ONEOK (OKE) at 13.23 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

OKE

Energy industry group

13.23

Max: 39.54
Q3: 21.72
OKE: 13.23
Median: 12.19
Q1: 7.71
Min: 2.99

ConocoPhillips (COP) vs. ONEOK (OKE): 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 2.34 and ONEOK (OKE) at 1.24 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

COP

Energy industry group

2.34

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

OKE

Energy industry group

1.24

Max: 5.40
Q3: 2.85
Median: 1.69
OKE: 1.24
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

ONEOK (OKE) at 2.30 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

OKE

Energy industry group

2.30

Max: 4.21
Q3: 2.38
OKE: 2.30
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for ConocoPhillips (COP) and ONEOK (OKE)
Metric	COP	OKE
P/E Ratio (TTM)	14.36	13.23
P/S Ratio (TTM)	2.34	1.24
P/B Ratio (MRQ)	2.44	2.30
Free Cash Flow Yield (TTM)	7.12%	1.44%