ConocoPhillips COP

Competitive advantage analysis · energy

Corporate Default
Overall moat score
59/100
Moderate

Ranked against 92 peers in Oil & Gas E&P

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil … Full COP analysis →

Key strengths

  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.79), with robust interest coverage.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.94), demonstrating pricing resilience across cycles.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.37), suggesting weak customer stickiness.
  • Scale Without Profitability Despite scale, profitability lags peers (score 0.34), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
58
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where COP ranks in Oil & Gas E&P

ConocoPhillips ranks #29 of 93 scored companies in Oil & Gas E&P by moat score — the top 31%. The widest moat in the group is Texas Pacific Land Corporation (TPL) at 84/100.

# Company Moat score Rating
25 Woodside Energy Group Limited WDS 61/100 Moderate
26 Riley Exploration Permian, Inc. REPX 60/100 Moderate
27 California Resources Corporatio CRC 60/100 Moderate
28 Devon Energy Corporation DVN 60/100 Moderate
29 ConocoPhillips COP 59/100 Moderate
30 Civitas Resources, Inc. CIVI 58/100 Moderate
31 Ovintiv Inc. (DE) OVV 58/100 Moderate
32 Range Resources Corporation RRC 58/100 Moderate
33 PrimeEnergy Resources Corporati PNRG 55/100 Moderate

See every Commodities & Mining company ranked by moat score →

How COP scores on the Corporate Default defenses

Pricing Power

Score 58 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 74 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 39 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 67 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 69 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 47 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding COP's moat

What is ConocoPhillips's moat score?

ConocoPhillips (COP) scores 59 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #29 of 93 scored companies in Oil & Gas E&P, the top 31%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 92 companies in Oil & Gas E&P. Its strongest defense is Cost Advantage (74/100) and its weakest is Customer Stickiness (39/100).

How does ConocoPhillips compare with other Oil & Gas E&P companies?

ConocoPhillips ranks #29 of 93 scored companies in Oil & Gas E&P by moat score. The widest moat in Oil & Gas E&P is Texas Pacific Land Corporation (TPL) at 84/100. The companies ranked closest are Devon Energy Corporation (DVN) at 60 just above it and Civitas Resources, Inc. (CIVI) at 58 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 92 companies in Oil & Gas E&P. The defenses are then weighted to produce the overall score out of 100.

Why is ConocoPhillips scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for ConocoPhillips?

The Corporate Default template measures 6 defenses, and COP scores: Pricing Power (58), Cost Advantage (74), Customer Stickiness (39), Capital Efficiency (67), Resilience (69), Scale & Market Position (47). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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