ConocoPhillips (COP) vs Equinor ASA (EQNR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Equinor ASA (EQNR) has outperformed ConocoPhillips (COP) over the past year, gaining 63.9% versus a gain of 36.3%. Over five years, COP leads with a +75.1% price change compared with +52.7% for EQNR. ConocoPhillips is the larger company by market cap ($155.98 billion vs $98.58 billion), about 1.6 times the size.
On valuation, Equinor ASA trades at a lower forward P/E (8.8x vs 13.4x for ConocoPhillips). Equinor ASA offers the higher dividend yield (3.70% vs 2.54%). ConocoPhillips converts more of its revenue into profit, with a net margin of 13.6% versus 4.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | COP | EQNR |
|---|---|---|
| Share price | $129.84 | $41.61 |
| Market cap | $155.98B | $98.58B |
| 1-day change | +0.38% | -3.26% |
| YTD return | +38.70% | +76.09% |
| 1-year return | +36.34% | +63.88% |
| 5-year return | +75.13% | +52.70% |
| P/E ratio (TTM) | 17.20 | 11.37 |
| Forward P/E | 13.42 | 8.78 |
| EPS (TTM) | $7.55 | $3.66 |
| Dividend yield | 2.54% | 3.70% |
| Annual dividend | $3.30 | $1.54 |
| Revenue (latest FY) | $58.94B | $106.46B |
| Revenue growth (YoY) | +7.67% | +2.59% |
| Net income (latest FY) | $7.99B | $5.04B |
| Gross margin | 62.13% | 48.18% |
| Operating margin | — | 23.81% |
| Net margin | 13.55% | 4.74% |
| 52-week high | $141.62 | $45.84 |
| 52-week low | $85.57 | $22.26 |
| Distance from 52-week high | -8.32% | -9.23% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +13.12% | -6.68% |
| Average volume | 6.62M | 3.46M |
| Shares outstanding | 1.20B | 2.37B |
| Employees | 9,600 | 23,545 |
| Sector | Energy | Energy |
| Industry | Integrated oil Companies | Integrated oil Companies |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- EQNR has outperformed COP by 27.5 percentage points over the past year.
- ConocoPhillips trades at a higher earnings multiple (17.2x vs 11.4x trailing P/E).
- Equinor ASA offers a meaningfully higher dividend yield (3.70% vs 2.54%).
- ConocoPhillips is more profitable, keeping 13.6 cents of every revenue dollar as net income versus 4.7 cents for Equinor ASA.
- ConocoPhillips grew revenue faster in its latest fiscal year (+7.67% vs +2.59%).
About ConocoPhillips
COP stock →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.
Energy · Integrated oil Companies · 9,600 employees
About Equinor ASA
EQNR stock →Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments.
Energy · Integrated oil Companies · 23,545 employees
COP vs EQNR FAQ
Which is bigger, ConocoPhillips or Equinor ASA?
ConocoPhillips (COP) is larger, with a market capitalization of $155.98B compared with $98.58B for Equinor ASA (EQNR).
Which stock has performed better over the past year, COP or EQNR?
EQNR returned +63.88% over the past 12 months, compared with +36.34% for COP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, COP or EQNR?
EQNR has the lower trailing P/E at 11.4, versus 17.2 for COP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, ConocoPhillips or Equinor ASA?
Equinor ASA has the higher yield at 3.70%, compared with 2.54% for ConocoPhillips.
Are ConocoPhillips and Equinor ASA in the same industry?
Yes. Both are classified in the Integrated oil Companies industry within the Energy sector.