• ConocoPhillips average price/book ratio for 2024 was 2.66, a 1.53% decline from 2023.
• ConocoPhillips average price/book ratio for 2023 was 2.62, a 8.26% increase from 2022.
• ConocoPhillips average price/book ratio for 2022 was 2.42, a 44.05% increase from 2021.

Price/book ratio can be defined as