COP vs. TRP: ConocoPhillips vs. TC Energy Stock Comparison

November 11, 2026

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

Company profile comparison for ConocoPhillips (COP) and TC Energy (TRP)
Profile Item	COP	TRP
Name	ConocoPhillips	TC Energy Corporation
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	161.12 billion USD	64.51 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	September 20, 1982
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COP

TRP

GSPC

ConocoPhillips (COP) vs. TC Energy (TRP), 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 TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for ConocoPhillips (COP) and TC Energy (TRP)
Metric	COP	TRP
Total Return (1Y)	62.02%	24.67%
Total Return (3Y, Annualized)	9.29%	26.02%
Total Return (5Y, Annualized)	16.40%	9.85%

Risk Profile

Drawdown History

COP

TRP

GSPC

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

Risk Metrics

Risk profile metrics for ConocoPhillips (COP) and TC Energy (TRP)
Metric	COP	TRP
Volatility (1Y, Annualized)	31.63%	19.39%
Beta (5Y)	0.19	0.64
Max Drawdown (5Y)	-36.30%	-38.98%
Avg. Volume (3M)	6.60M	2.56M

Risk-Adjusted Performance

Risk-Return Positioning

COP and TRP 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 TC Energy (TRP)
Metric	COP	TRP
Sharpe Ratio (1Y)	1.83	1.05
Sortino Ratio (1Y)	2.70	1.61

Profitability

ROE (TTM)

Both ConocoPhillips (COP) at 17.66% and TC Energy (TRP) at 12.15% 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%

TRP

Energy industry group

12.15%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TRP: 12.15%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

TC Energy (TRP) at 25.05% retains a top-quartile share of revenue as profit, ahead of ConocoPhillips (COP) at 16.76%, which keeps about the industry-typical share.

COP

Energy industry group

16.76%

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

TRP

Energy industry group

25.05%

Max: 56.92%
TRP: 25.05%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

TC Energy (TRP) at 41.66% operates in the top operating margin quartile, ahead of ConocoPhillips (COP) at 30.05%, which runs around its industry’s norm.

COP

Energy industry group

30.05%

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

TRP

Energy industry group

41.66%

Max: 71.31%
TRP: 41.66%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for ConocoPhillips (COP) and TC Energy (TRP)
Metric	COP	TRP
ROE (TTM)	17.66%	12.15%
ROA (TTM)	8.98%	3.70%
Net Margin (TTM)	16.76%	25.05%
Operating Margin (TTM)	30.05%	41.66%
Gross Margin (TTM)	49.01%	70.07%

Growth

Revenue Growth

Both ConocoPhillips (COP) at 7.67% and TC Energy (TRP) at 10.66% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both ConocoPhillips (COP) at -18.69% and TC Energy (TRP) at -26.19% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for ConocoPhillips (COP) and TC Energy (TRP)
Metric	COP	TRP
Revenue Growth (YoY)	7.67%	10.66%
Revenue Growth (3Y CAGR)	-9.11%	7.38%
EPS Growth (YoY)	-18.69%	-26.19%
EPS Growth (3Y CAGR)	-24.18%	72.24%

Financial Strength

Current Ratio (MRQ)

ConocoPhillips (COP) at 1.52 keeps current ratio within its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRP.

COP

Energy industry group

1.52

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

TRP

Energy industry group

0.57

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRP: 0.57
Min: 0.24

ConocoPhillips (COP) vs. TC Energy (TRP): 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 TC Energy (TRP) at 1.68 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

TRP

Energy industry group

1.68

Max: 1.75
TRP: 1.68
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ConocoPhillips (COP) and TC Energy (TRP)
Metric	COP	TRP
Current Ratio (MRQ)	1.52	0.57
Debt / Equity (MRQ)	0.35	1.68
Net Debt / EBITDA	0.45	6.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while ConocoPhillips (COP) at 2.48% pays a more typical yield — both are credible income propositions, TRP 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%

TRP

Energy industry group

5.57%

Max: 8.57%
TRP: 5.57%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

ConocoPhillips (COP) vs. TC Energy (TRP): 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 TC Energy (TRP) at 93.87% 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%

TRP

Energy industry group

93.87%

Max: 133.24%
TRP: 93.87%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ConocoPhillips (COP) and TC Energy (TRP)
Metric	COP	TRP
Dividend Yield (TTM)	2.48%	5.57%
Dividend Payout Ratio (TTM)	35.41%	93.87%

Valuation

P/E Ratio (TTM)

ConocoPhillips (COP) at 14.36 is near its industry’s usual P/E ratio, while TC Energy (TRP) at 23.19 sits in the richer quartile — TRP needs stronger growth or earnings quality to justify the premium.

COP

Energy industry group

14.36

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

TRP

Energy industry group

23.19

Max: 39.54
TRP: 23.19
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

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

P/S Ratio (TTM)

ConocoPhillips (COP) at 2.34 is priced about in line with its industry on P/S ratio, while TC Energy (TRP) at 4.03 sits in the pricier quartile — TRP costs more per dollar of sales.

COP

Energy industry group

2.34

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

TRP

Energy industry group

4.03

Max: 5.40
TRP: 4.03
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Both ConocoPhillips (COP) at 2.44 and TC Energy (TRP) at 3.54 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

COP

Energy industry group

2.44

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

TRP

Energy industry group

3.54

Max: 4.21
TRP: 3.54
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for ConocoPhillips (COP) and TC Energy (TRP)
Metric	COP	TRP
P/E Ratio (TTM)	14.36	23.19
P/S Ratio (TTM)	2.34	4.03
P/B Ratio (MRQ)	2.44	3.54
Free Cash Flow Yield (TTM)	7.12%	0.77%