COP

Stock

ConocoPhillips

Price

$109.88

as of Feb 23, 2026

All Time High: $126.44

🟡

Moderately Elevated

Current Drawdown

-13.1%

Days in Drawdown

659

Avg Max Drawdown

6.4%

Avg Length

68

Drawdown Severity Score™

2.4

COP - Price & High Water Mark

COP - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

ConocoPhillips (COP) Analysis: Current Drawdown Insights

ConocoPhillips is currently experiencing an unusual drawdown opportunity. As of 2026-02-23, the stock is trading at $109.88, which represents a 13.1% decline from its all-time high of $126.44. This drawdown has persisted for 659 days.

Based on comprehensive historical analysis spanning 14 years, ConocoPhillips typically experiences drawdowns averaging 6.4% in depth, with an average duration of 68 days. ConocoPhillips has gone through 200 total drawdown events in the last 14 years. The largest drawdown for ConocoPhillips in the last 14 years was 70.7%. The longest drawdown duration in its history was 1524 days.

The Drawdown Severity Score™ for ConocoPhillips currently stands at 2.38. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 2.0 and 3.0 indicates a moderately elevated drawdown that's starting to exceed normal ranges—worth monitoring for potential opportunities.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns—periods when the price declines from all-time highs before recovering. By analyzing ConocoPhillips's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that may represent a buying opportunity.

📜 Historical Drawdown Events

Current drawdown shown in blue. Complete record of all 200 historical pullbacks below.

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2024-05-05Ongoing659 days-13.1%$126.44$109.88
2022-11-082024-04-01510 days-29.0%$121.15$85.98$121.85
2022-11-042022-11-074 days-1.1%$120.15$118.80$121.15
2022-11-022022-11-032 days-1.0%$114.72$113.58$120.15
2022-10-312022-11-012 days-0.8%$114.18$113.21$114.72
2022-10-252022-10-262 days-1.0%$112.35$111.28$113.64
2022-10-142022-10-218 days-4.0%$110.20$105.84$111.77
2022-06-082022-10-13128 days-33.0%$107.29$71.91$110.20
2022-06-062022-06-072 days-0.6%$103.28$102.63$107.29
2022-06-022022-06-032 days-0.7%$101.20$100.51$103.28
2022-05-312022-06-012 days-2.0%$100.20$98.24$101.20
2022-05-092022-05-2315 days-9.7%$93.74$84.61$95.32
2022-03-282022-05-0640 days-14.8%$93.29$79.49$93.74
2022-03-222022-03-232 days-1.0%$89.18$88.32$90.58
2022-03-082022-03-2113 days-6.4%$87.89$82.29$89.18
2022-03-032022-03-042 days-0.6%$85.08$84.54$87.02
2022-02-142022-02-2815 days-6.2%$81.16$76.14$82.32
2022-02-102022-02-112 days-1.1%$80.26$79.36$81.16
2022-02-082022-02-092 days-1.7%$80.25$78.86$80.26
2022-02-032022-02-075 days-1.5%$79.62$78.47$80.25
2022-01-282022-02-015 days-1.2%$77.42$76.52$79.04
2022-01-192022-01-279 days-5.5%$75.56$71.43$77.42
2022-01-132022-01-142 days-0.9%$72.88$72.21$74.90
2022-01-052022-01-062 days-1.7%$66.46$65.32$67.78
2021-10-272022-01-0470 days-10.4%$65.93$59.07$66.46
2021-10-212021-10-255 days-1.9%$65.07$63.85$65.50
2021-10-112021-10-199 days-2.3%$64.13$62.68$64.47
2018-10-022021-10-081103 days-70.7%$62.49$18.33$64.13
2018-09-262018-10-016 days-1.1%$61.09$60.44$62.49
2014-07-242018-09-241524 days-60.7%$60.19$23.64$60.27
2014-07-172014-07-226 days-1.7%$59.64$58.65$59.68
2014-07-072014-07-1610 days-2.0%$59.44$58.28$59.64
2014-07-022014-07-032 days-0.3%$59.24$59.07$59.44
2014-06-242014-07-018 days-1.5%$59.23$58.34$59.24
2014-06-022014-06-054 days-0.6%$55.00$54.68$55.07
2014-05-292014-05-302 days-0.0%$54.74$54.73$55.00
2014-05-222014-05-276 days-0.1%$54.03$53.96$54.38
2014-05-142014-05-218 days-0.7%$53.63$53.23$54.03
2014-05-082014-05-125 days-1.4%$53.26$52.51$53.47
2014-04-212014-05-0111 days-1.0%$50.99$50.48$51.16
2013-10-302014-04-16169 days-14.6%$50.16$42.82$50.31
2013-10-282013-10-292 days-0.2%$49.97$49.85$50.16
2013-10-212013-10-255 days-1.4%$49.54$48.84$49.97
2013-10-152013-10-162 days-0.1%$48.55$48.50$49.23
2013-09-232013-10-1018 days-2.1%$47.43$46.44$47.96
2013-09-122013-09-132 days-0.5%$46.20$45.95$46.22
2013-09-102013-09-112 days-0.3%$46.01$45.87$46.20
2013-08-162013-09-0420 days-3.1%$45.17$43.77$45.20
2013-08-052013-08-1511 days-1.7%$44.91$44.16$45.17
2013-07-242013-08-0210 days-2.0%$44.17$43.31$44.91
2013-07-222013-07-232 days-0.3%$44.09$43.98$44.17

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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