ConocoPhillips management check
COP · Energy · Oil & Gas Exploration & Production · CEO Mr. Lance
Filings as of
3 good · 4 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $279, against $286 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of -0.16 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.3% of net income$23.5m of reported pay in fiscal 2025, against $8.0bn of net income.
- Watch
Do they own the stock?
Insiders are selling3 insiders sold $3.5m in the last six months and none bought.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +2.0% a year over the last three fiscal years. Stock-based pay was 0.6% of revenue in the latest year.
- Good
Is leadership stable?
8 leadership filings in 3 yearsCEO in the pay table: Mr. Lance. 8 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Energy.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 47 | 64 | |
| Pay for performance | 42 | 65 | |
| CEO cost | 94 | 66 | |
| Skin in the game | — | — | 49 |
| Dilution | 25 | 58 | |
| Stable leadership | 85 | 73 | |
| Clean books | 100 | 100 |
Closest peers
Others in Oil & Gas Exploration & Production, by management score. ConocoPhillips is 12th of 20 in its sector.
Pay versus performance
From the proxy statement filed March 30, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Lance | $23.5m | $22.8m | $7.0m | $279 | $286 | $8.0bn |
| 2024 | — | $23.1m | $12.3m | $7.8m | $286 | $261 | $9.2bn |
| 2023 | — | $20.8m | $35.6m | $7.0m | $325 | $251 | $11.0bn |
| 2022 | — | $20.0m | $74.7m | $6.1m | $317 | $274 | $18.7bn |
| 2021 | — | $23.9m | $59.9m | $7.4m | $186 | $159 | $8.1bn |
The board says pay is tied most to AdjustedROCE. Its other key measures: Absolute Adjusted ROCE, Capital, Operating and Overhead Costs, Production, HSE, Strategic and Operational Milestones.
Insiders and the CEO's stake
3 insiders sold $3.5m in the last six months and none bought.
- SoldKelly Brunetti RoseSVP & General Counsel$2.0mAug 20, 2026
- SoldAndrew D LundquistSenior Vice President$1.3mAug 21, 2026
- SoldSharmila MulliganDirector$235kJun 10, 2026
Leadership and governance on file
- Aug 11, 2026Leadership change8-K 5.02
- Jun 23, 2026Leadership change8-K 5.02
- Jul 1, 2025Leadership change8-K 5.02
- May 8, 2025Leadership change8-K 5.02
- Jan 28, 2025Leadership change8-K 5.02
- Sep 3, 2024Leadership change8-K 5.02
- Jul 2, 2024Leadership change8-K 5.02
- Feb 15, 2024Leadership change8-K 5.02
- Aug 3, 2023Leadership change8-K 5.02
- May 18, 2023Leadership change8-K 5.02
- Nov 3, 2022Leadership change8-K 5.02
- Sep 14, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 14, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $50.1bn returned to owners in buybacks and dividends, 91% of net income, and $1.6bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $34.6bn | $61.0bn | $48.5bn | $49.4bn | $51.8bn |
| Net income | $8.1bn | $18.7bn | $11.0bn | $9.2bn | $8.0bn |
| Stock-based pay | $304.0m | $377.0m | $334.0m | $268.0m | $336.0m |
| Buybacks | $3.6bn | $9.3bn | $5.4bn | $5.5bn | $5.0bn |
| Dividends | $2.4bn | $5.7bn | $5.6bn | $3.6bn | $4.0bn |
| Diluted shares | 1328m | 1278m | 1206m | 1181m | 1253m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.