COP
StockConocoPhillips
Bigger than its usual dip. Not yet rare.
ConocoPhillips is 19.3% off its high — deeper than its 6.6% average pullback, but it has been through 202 drawdowns before. Not historically significant yet — we'll say so if that changes.
Elevated
Current Drawdown
-19.3%
Days in Drawdown
102
Avg Max Drawdown
6.6%
Avg Length
71
Drawdown Severity Score™
3.5
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.
Valuation vs Its Own History
Data as of July 8, 2026 · updated daily
Where today's valuation sits within COP's own multi-year range. A lower percentile means today's ratio is lower than more of its past readings. This is context, not a recommendation.
Price to Sales
20 years of daily history
Price to Sales history
EV to EBITDA
20 years of daily history
EV to EBITDA history · log scale
ConocoPhillips (COP) Analysis: Current Drawdown Insights
ConocoPhillips is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-09, the stock is trading at $108.02, which represents a 19.3% decline from its all-time high of $133.80. This drawdown has persisted for 102 days.
Based on its full tracked price history, ConocoPhillips typically experiences drawdowns averaging 6.6% in depth, with an average duration of 71 days. ConocoPhillips has gone through 202 total drawdown events in its tracked history. The largest drawdown on record for ConocoPhillips was 70.7%, beginning in 2018. The longest drawdown duration on record was 1687 days.
The Drawdown Severity Score™ for ConocoPhillips currently stands at 3.49. 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 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.
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 is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 202 tracked pullbacks (65 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2026-03-29 | Ongoing | 102 days | -19.3% | $133.80 | $108.02 | n/a |
| 2026-03-25 | 2026-03-26 | 2 days | -0.3% | $129.35 | $128.93 | $133.25 |
| 2024-04-08 | 2026-03-20 | 712 days | -36.3% | $126.44 | $80.54 | $126.92 |
| 2022-11-08 | 2024-04-01 | 510 days | -29.0% | $121.15 | $85.98 | $121.85 |
| 2022-11-04 | 2022-11-07 | 4 days | -1.1% | $120.15 | $118.80 | $121.15 |
| 2022-11-02 | 2022-11-03 | 2 days | -1.0% | $114.72 | $113.58 | $120.15 |
| 2022-10-31 | 2022-11-01 | 2 days | -0.8% | $114.18 | $113.21 | $114.72 |
| 2022-10-25 | 2022-10-26 | 2 days | -1.0% | $112.35 | $111.28 | $113.64 |
| 2022-10-14 | 2022-10-21 | 8 days | -4.0% | $110.20 | $105.84 | $111.77 |
| 2022-06-08 | 2022-10-13 | 128 days | -33.0% | $107.29 | $71.91 | $110.20 |
| 2022-06-06 | 2022-06-07 | 2 days | -0.6% | $103.28 | $102.63 | $107.29 |
| 2022-06-02 | 2022-06-03 | 2 days | -0.7% | $101.20 | $100.51 | $103.28 |
| 2022-05-31 | 2022-06-01 | 2 days | -2.0% | $100.20 | $98.24 | $101.20 |
| 2022-05-09 | 2022-05-23 | 15 days | -9.7% | $93.74 | $84.61 | $95.32 |
| 2022-03-28 | 2022-05-06 | 40 days | -14.8% | $93.29 | $79.49 | $93.74 |
| 2022-03-22 | 2022-03-23 | 2 days | -1.0% | $89.18 | $88.32 | $90.58 |
| 2022-03-08 | 2022-03-21 | 13 days | -6.4% | $87.89 | $82.29 | $89.18 |
| 2022-03-03 | 2022-03-04 | 2 days | -0.6% | $85.08 | $84.54 | $87.02 |
| 2022-02-14 | 2022-02-28 | 15 days | -6.2% | $81.16 | $76.14 | $82.32 |
| 2022-02-10 | 2022-02-11 | 2 days | -1.1% | $80.26 | $79.36 | $81.16 |
| 2022-02-08 | 2022-02-09 | 2 days | -1.7% | $80.25 | $78.86 | $80.26 |
| 2022-02-03 | 2022-02-07 | 5 days | -1.5% | $79.62 | $78.47 | $80.25 |
| 2022-01-28 | 2022-02-01 | 5 days | -1.2% | $77.42 | $76.52 | $79.04 |
| 2022-01-19 | 2022-01-27 | 9 days | -5.5% | $75.56 | $71.43 | $77.42 |
| 2022-01-13 | 2022-01-14 | 2 days | -0.9% | $72.88 | $72.21 | $74.90 |
| 2022-01-05 | 2022-01-06 | 2 days | -1.7% | $66.46 | $65.32 | $67.78 |
| 2021-10-27 | 2022-01-04 | 70 days | -10.4% | $65.93 | $59.07 | $66.46 |
| 2021-10-21 | 2021-10-25 | 5 days | -1.9% | $65.07 | $63.85 | $65.50 |
| 2021-10-11 | 2021-10-19 | 9 days | -2.3% | $64.13 | $62.68 | $64.47 |
| 2018-10-02 | 2021-10-08 | 1103 days | -70.7% | $62.49 | $18.33 | $64.13 |
| 2018-09-26 | 2018-10-01 | 6 days | -1.1% | $61.09 | $60.44 | $62.49 |
| 2014-07-24 | 2018-09-24 | 1524 days | -60.7% | $60.19 | $23.64 | $60.27 |
| 2014-07-17 | 2014-07-22 | 6 days | -1.7% | $59.64 | $58.65 | $59.68 |
| 2014-07-07 | 2014-07-16 | 10 days | -2.0% | $59.44 | $58.28 | $59.64 |
| 2014-07-02 | 2014-07-03 | 2 days | -0.3% | $59.24 | $59.07 | $59.44 |
| 2014-06-24 | 2014-07-01 | 8 days | -1.5% | $59.23 | $58.34 | $59.24 |
| 2014-06-02 | 2014-06-05 | 4 days | -0.6% | $55.00 | $54.68 | $55.07 |
| 2014-05-29 | 2014-05-30 | 2 days | -0.0% | $54.74 | $54.73 | $55.00 |
| 2014-05-22 | 2014-05-27 | 6 days | -0.1% | $54.03 | $53.96 | $54.38 |
| 2014-05-14 | 2014-05-21 | 8 days | -0.7% | $53.63 | $53.23 | $54.03 |
| 2014-05-08 | 2014-05-12 | 5 days | -1.4% | $53.26 | $52.51 | $53.47 |
| 2014-04-21 | 2014-05-01 | 11 days | -1.0% | $50.99 | $50.48 | $51.16 |
| 2013-10-30 | 2014-04-16 | 169 days | -14.6% | $50.16 | $42.82 | $50.31 |
| 2013-10-28 | 2013-10-29 | 2 days | -0.2% | $49.97 | $49.85 | $50.16 |
| 2013-10-21 | 2013-10-25 | 5 days | -1.4% | $49.54 | $48.84 | $49.97 |
| 2013-10-15 | 2013-10-16 | 2 days | -0.1% | $48.55 | $48.50 | $49.23 |
| 2013-09-23 | 2013-10-10 | 18 days | -2.1% | $47.43 | $46.44 | $47.96 |
| 2013-09-12 | 2013-09-13 | 2 days | -0.5% | $46.20 | $45.95 | $46.22 |
| 2013-09-10 | 2013-09-11 | 2 days | -0.3% | $46.01 | $45.87 | $46.20 |
| 2013-08-16 | 2013-09-04 | 20 days | -3.1% | $45.17 | $43.77 | $45.20 |
| 2013-08-05 | 2013-08-15 | 11 days | -1.7% | $44.91 | $44.16 | $45.17 |
| 2008-06-18 | 2013-01-29 | 1687 days | -62.3% | $39.53 | $14.88 | $39.88 |
| 2007-07-16 | 2008-05-08 | 298 days | -20.3% | $36.45 | $29.06 | $36.73 |
| 2006-04-24 | 2006-12-14 | 235 days | -21.9% | $28.48 | $22.25 | $29.19 |
| 2005-09-30 | 2006-04-18 | 201 days | -18.7% | $27.55 | $22.39 | $27.75 |
| 2001-05-21 | 2003-12-18 | 942 days | -31.7% | $11.73 | $8.02 | $11.94 |
| 2000-09-19 | 2001-05-17 | 241 days | -20.8% | $11.38 | $9.02 | $11.45 |
| 1999-09-21 | 2000-05-31 | 254 days | -34.9% | $9.37 | $6.11 | $9.71 |
| 1998-03-24 | 1999-04-29 | 401 days | -25.1% | $8.27 | $6.19 | $8.44 |
| 1997-01-22 | 1997-07-28 | 187 days | -19.2% | $7.13 | $5.76 | $7.15 |
| 1994-11-01 | 1995-03-31 | 151 days | -18.3% | $5.25 | $4.29 | $5.26 |
| 1993-10-05 | 1994-10-26 | 387 days | -26.8% | $5.03 | $3.68 | $5.04 |
| 1990-08-07 | 1992-08-14 | 739 days | -25.2% | $3.72 | $2.79 | $3.73 |
| 1989-08-28 | 1990-07-19 | 326 days | -24.6% | $3.40 | $2.57 | $3.42 |
| 1987-08-04 | 1988-04-08 | 249 days | -43.6% | $1.95 | $1.10 | $2.01 |
| 1985-12-09 | 1986-12-29 | 386 days | -29.6% | $1.22 | $0.86 | $1.23 |
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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Or explore current drawdowns:
ConocoPhillips (COP) is trading at $108.02 as of Jul 9, 2026. It is 19.3% below its high of $133.80. The drawdown has lasted 102 days. Severity score: 3.5 (Elevated).
COP Price History and Drawdown Data
Latest price
$108.02
High-water mark
$133.80
Current drawdown
-19.3%
Days in drawdown
102
This COP page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior ConocoPhillips drawdowns.
What History Says About COP
ConocoPhillips has dropped 30%+ from its high 8 times in its tracked history. These events lasted an average of 825 days with an average max drop of -46.6%.
The current drawdown of -19.3% has lasted 102 days, which is within the typical range for comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Oct 2018 to Oct 2021 | -70.7% | 1103 days |
| Jun 2008 to Jan 2013 | -62.3% | 1687 days |
| Jul 2014 to Sep 2018 | -60.7% | 1524 days |
| Aug 1987 to Apr 1988 | -43.6% | 249 days |
| Apr 2024 to Mar 2026 | -36.3% | 712 days |
| Sep 1999 to May 2000 | -34.9% | 254 days |
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