COP vs SLB: Which Is the Better Buy?
Side-by-side comparison of ConocoPhillips and SLB N.V. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-05-01.
ConocoPhillips · Energy
$125.78
-2.1% upside to fair value
Grade C
VS
SLB N.V. · Energy
$56.15
+45.0% upside to fair value
Grade B
QuantHub Verdict
SLB has more upside to fair value
(+45.0%).
COP trades at a lower forward P/E
(21.0x).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
COP |
SLB |
| Current Price |
$125.78 |
$56.15 |
| Fair Value Estimate |
$123.15 |
$81.42 |
| Upside to Fair Value |
-2.1%
|
+45.0%
|
| Market Cap |
$153.3B |
$84.3B |
| Forward P/E |
21.0x
|
24.3x
|
| EV / EBITDA |
7.5x
|
17.5x
|
| Price / Sales |
2.6x
|
2.4x
|
| Price / FCF |
8.4x
|
17.6x
|
| Revenue Growth YoY |
-2.5%
|
+2.7%
|
| Gross Margin |
33.1%
|
13.6%
|
| Operating Margin |
25.4%
|
11.5%
|
| Return on Equity |
11.3%
|
12.2%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
11.96%
|
5.69%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
ConocoPhillips is a leading independent oil and gas exploration and production company with a strong focus on low-cost shale assets and sustainability initiatives. The company benefits from a durable competitive position due to its cost advantage and early ESG leadership, but faces near-term earnings pressure as revenue declined 2.5% and earnings fell 23.4% in the most recent quarter year-over-ye…
SLB N.V. is the world's largest oilfield services company operating primarily in the energy sector with a focus on oil and gas equipment and services. The company benefits from a diversified revenue base across well construction, production systems, reservoir characterization, and digital integration, with fiscal year 2024 revenues totaling over $37 billion. Despite modest revenue growth of 2.7% …
Accumulation Zones
| Metric |
COP |
SLB |
| Zone Low |
$92.36 |
$61.06 |
| Zone High |
$104.68 |
$69.21 |
| In Buy Zone? |
No
|
Yes
|