COPCONOCOPHILLIPS
Petroleum Refining
- Revenue
- $51.8B
- 4.9% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $185.0B
- Employees
- 9,900
- $5M revenue each
- Net debt / EBITDA
- —
- $16.3B net debt
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo248% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo46% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo0% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$5M · 44th pctBottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 9th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$185.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$145M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $34.6B | $61.0B | $48.5B | $49.4B | $51.8B | 4.9% |
| Net income | $8.1B | $18.7B | $11.0B | $9.2B | $8.0B | 14% |
| Operating cash flow | $17.0B | $28.3B | $20.0B | $20.1B | $19.8B | 1.6% |
| Capex | $5.3B | $10.2B | — | — | — | |
| Stock-based comp | $304M | $377M | $334M | $268M | $336M | 25% |
| Buybacks | $3.6B | $9.3B | $5.4B | $5.5B | $5.0B | 8.1% |
| Dividends | $2.4B | $5.7B | $5.6B | $3.6B | $4.0B | 9.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $500K · 1
- Open-market sells, 12 mo
- $146M · 15
- Net
- −$145M
Pay vs performance
No pay-versus-performance disclosure yet.