COP vs. TS: ConocoPhillips vs. Tenaris Stock Comparison

November 11, 2026

How do ConocoPhillips (COP) and Tenaris (TS) 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 Tenaris (TS) both fall under the Energy industry group, but COP is classified in Oil, Gas & Consumable Fuels while TS is classified in Energy Equipment & Services.

ConocoPhillips (COP) trades as ordinary local shares, while Tenaris (TS) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for ConocoPhillips (COP) and Tenaris (TS)
Profile Item	COP	TS
Name	ConocoPhillips	Tenaris S.A. American Depositary Shares
Country/Region	United States	Luxembourg
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Energy Equipment & Services
GICS Sub-Industry	Oil & Gas Exploration & Production	Oil & Gas Equipment & Services
Market Capitalization	161.12 billion USD	29.71 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	December 16, 2002
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

COP

GSPC

ConocoPhillips (COP) vs. Tenaris (TS), 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 Tenaris (TS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for ConocoPhillips (COP) and Tenaris (TS)
Metric	COP	TS
Total Return (1Y)	62.02%	49.29%
Total Return (3Y, Annualized)	9.29%	24.84%
Total Return (5Y, Annualized)	16.40%	22.48%

Risk Profile

Drawdown History

COP

GSPC

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

Risk Metrics

Risk profile metrics for ConocoPhillips (COP) and Tenaris (TS)
Metric	COP	TS
Volatility (1Y, Annualized)	31.63%	29.07%
Beta (5Y)	0.19	0.88
Max Drawdown (5Y)	-36.30%	-33.71%
Avg. Volume (3M)	6.60M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

COP and TS 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 Tenaris (TS)
Metric	COP	TS
Sharpe Ratio (1Y)	1.83	1.55
Sortino Ratio (1Y)	2.70	2.30

Profitability

ROE (TTM)

Both ConocoPhillips (COP) at 17.66% and Tenaris (TS) at 11.86% 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%

TS

Energy industry group

11.86%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TS: 11.86%
Q1: 2.03%
Min: -29.09%

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

Net Margin (TTM)

Both ConocoPhillips (COP) at 16.76% and Tenaris (TS) at 16.24% 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%

TS

Energy industry group

16.24%

Max: 56.92%
Q3: 22.92%
TS: 16.24%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

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

Operating Margin (TTM)

Both ConocoPhillips (COP) at 30.05% and Tenaris (TS) at 19.26% 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%

TS

Energy industry group

19.26%

Max: 71.31%
Q3: 33.75%
TS: 19.26%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

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

Profitability Metrics

Profitability metrics for ConocoPhillips (COP) and Tenaris (TS)
Metric	COP	TS
ROE (TTM)	17.66%	11.86%
ROA (TTM)	8.98%	6.69%
Net Margin (TTM)	16.76%	16.24%
Operating Margin (TTM)	30.05%	19.26%
Gross Margin (TTM)	49.01%	38.54%

Growth

Revenue Growth

Both ConocoPhillips (COP) at 7.67% and Tenaris (TS) at -4.33% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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

EPS Growth

Both ConocoPhillips (COP) at -18.69% and Tenaris (TS) at 1.11% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for ConocoPhillips (COP) and Tenaris (TS)
Metric	COP	TS
Revenue Growth (YoY)	7.67%	-4.33%
Revenue Growth (3Y CAGR)	-9.11%	0.62%
EPS Growth (YoY)	-18.69%	1.11%
EPS Growth (3Y CAGR)	-24.18%	-5.38%

Financial Strength

Current Ratio (MRQ)

ConocoPhillips (COP) at 1.52 keeps current ratio within its industry’s typical mid-range, while Tenaris (TS) at 3.25 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets 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

TS

Energy industry group

3.25

Max: 3.64
TS: 3.25
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

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

Debt / Equity (MRQ)

Tenaris (TS) at 0.03 keeps leverage in the lower industry quartile, while ConocoPhillips (COP) at 0.35 runs a more typical debt-to-equity mix.

COP

Energy industry group

0.35

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

TS

Energy industry group

0.03

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
TS: 0.03
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for ConocoPhillips (COP) and Tenaris (TS)
Metric	COP	TS
Current Ratio (MRQ)	1.52	3.25
Debt / Equity (MRQ)	0.35	0.03
Net Debt / EBITDA	0.45	-0.90

Dividends

Dividend Yield (TTM)

Both ConocoPhillips (COP) at 2.48% and Tenaris (TS) at 2.11% 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%

TS

Energy industry group

2.11%

Max: 8.57%
Q3: 3.58%
TS: 2.11%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Both ConocoPhillips (COP) at 35.41% and Tenaris (TS) at 45.64% 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%

TS

Energy industry group

45.64%

Max: 133.24%
Q3: 53.31%
TS: 45.64%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for ConocoPhillips (COP) and Tenaris (TS)
Metric	COP	TS
Dividend Yield (TTM)	2.48%	2.11%
Dividend Payout Ratio (TTM)	35.41%	45.64%

Valuation

P/E Ratio (TTM)

Both ConocoPhillips (COP) at 14.36 and Tenaris (TS) at 15.09 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

TS

Energy industry group

15.09

Max: 39.54
Q3: 21.72
TS: 15.09
Median: 12.19
Q1: 7.71
Min: 2.99

ConocoPhillips (COP) vs. Tenaris (TS): 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 Tenaris (TS) at 2.44 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

TS

Energy industry group

2.44

Max: 5.40
Q3: 2.85
TS: 2.44
Median: 1.69
Q1: 0.88
Min: 0.00

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

P/B Ratio (MRQ)

Both ConocoPhillips (COP) at 2.44 and Tenaris (TS) at 3.53 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

TS

Energy industry group

3.53

Max: 4.21
TS: 3.53
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

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

Valuation Metrics

Valuation metrics for ConocoPhillips (COP) and Tenaris (TS)
Metric	COP	TS
P/E Ratio (TTM)	14.36	15.09
P/S Ratio (TTM)	2.34	2.44
P/B Ratio (MRQ)	2.44	3.53
Free Cash Flow Yield (TTM)	7.12%	6.50%