• ConocoPhillips average price/book ratio for 2023 was 2.62, a 8.26% decline from 2022.
• ConocoPhillips average price/book ratio for 2022 was 2.42, a 44.05% increase from 2021.
• ConocoPhillips average price/book ratio for 2021 was 1.68, a 55.56% increase from 2020.

Price/book ratio can be defined as