• ConocoPhillips average price/book ratio for 2023 was 2.63, a 7.79% increase from 2022.
• ConocoPhillips average price/book ratio for 2022 was 2.44, a 44.38% increase from 2021.
• ConocoPhillips average price/book ratio for 2021 was 1.69, a 56.48% increase from 2020.

Price/book ratio can be defined as