Is it safe?
Can COP take a bad year?
ConocoPhillips carries $15.6B of net debt at 0.38× EBITDA: a load its earnings can carry.
$15.6B
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.38×
Net debt / EBITDA · 0.48× a year ago · the load is coming down
- Interest cover
- 36.8×
Interest cover · operating profit covers the interest bill several times over
- Annualised volatility
- 32%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $23.3B
- Cash and short-term investments
- $7.69B
- Net debt
- $15.6B
- EBITDA, trailing twelve months
- $41.1B
- Operating profit, trailing twelve months
- $29.3B
- Debt / equity
- 0.36×
- Total debt / EBITDA
- 0.57×
- Annualised volatilitytwo years of daily moves
- 32%
- Worst drawdown on file
- −71%
- Below its 52-week high
- −3.2%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.