• ConocoPhillips average price/book ratio for 2024 was 2.45, a 5.41% decline from 2023.
• ConocoPhillips average price/book ratio for 2023 was 2.59, a 8.37% decline from 2022.
• ConocoPhillips average price/book ratio for 2022 was 2.39, a 43.98% increase from 2021.

Price/book ratio can be defined as