• ConocoPhillips average price/book ratio for 2024 was 2.47, a 5.36% decline from 2023.
• ConocoPhillips average price/book ratio for 2023 was 2.61, a 8.3% decline from 2022.
• ConocoPhillips average price/book ratio for 2022 was 2.41, a 43.45% increase from 2021.

Price/book ratio can be defined as