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 2026-04-11.
ConocoPhillips · Energy
$122.55
-21.4% upside to fair value
Grade D
VS
SLB N.V. · Energy
$51.92
-20.2% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
SLB has more upside to fair value
(-20.2%).
SLB trades at a lower forward P/E
(18.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
COP |
SLB |
| Current Price |
$122.55 |
$51.92 |
| Fair Value Estimate |
$96.36 |
$41.43 |
| Upside to Fair Value |
-21.4%
|
-20.2%
|
| Market Cap |
$149.8B |
$77.9B |
| Forward P/E |
19.3x
|
18.6x
|
| EV / EBITDA |
5.8x
|
9.2x
|
| Price / Sales |
2.5x
|
2.2x
|
| Price / FCF |
8.9x
|
16.1x
|
| Revenue Growth YoY |
+7.5%
|
-1.6%
|
| Gross Margin |
24.6%
|
18.21%
|
| Operating Margin |
19.6%
|
15.28%
|
| Return on Equity |
12.39%
|
12.83%
|
| Dividend Yield |
3.41% |
2.21% |
| FCF Yield |
10.9%
|
6.21%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
ConocoPhillips is the largest U.S. independent exploration and production company, operating approximately 2.4 million barrels of oil equivalent per day across its Lower 48, Alaska, Canada, and international segments. The company completed its transformative $22.5 billion Marathon Oil acquisition in late 2024 and is on track for $2 billion in cost synergies by the end of 2026. Full-year 2025 reve…
SLB is the world's largest oilfield services company with $35.7B in FY2025 revenue, operating across four divisions: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The company completed the ChampionX acquisition in 2025 and is pursuing a digital transformation and AI-driven strategy. At $51.92, SLB trades at 2.18x P/S (in the fair range of the 5-year di…
Accumulation Zones
| Metric |
COP |
SLB |
| Zone Low |
$72.27 |
$34.00 |
| Zone High |
$81.91 |
$39.00 |
| In Buy Zone? |
No
|
No
|