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ConocoPhillips vs Sunoco LP: COP and SUN compared
ConocoPhillips is the larger company: $19.4B of revenue in its latest quarter (Q3 2026) against $18.0B for Sunoco LP (Q3 2026). Sunoco LP is growing faster (+199% against +29% a year earlier). ConocoPhillips is more profitable, with an operating margin of 30.8% against 4.1%.
Where the money goes: COP and SUN
ConocoPhillips (COP) · Q3 2026
ConocoPhillips, Q3 2026: revenue $19.4B (+29% year over year), operating margin 30.8%, net earnings $4.0B, operating cash flow $7.2B. The chart follows the revenue to costs, profit and cash.
Sunoco LP (SUN) · Q3 2026
Sunoco LP, Q3 2026: revenue $18.0B (+199% year over year), operating margin 4.1%, net earnings $499M, operating cash flow $696M. The chart follows the revenue to costs, profit and cash.
| ConocoPhillips (COP) | Sunoco LP (SUN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $19.4B | $18.0B |
| Revenue growth, Y/Y | +29% | +199% |
| Operating margin | 30.8% | 4.1% |
| Net earnings | $4.0B | $499M |
| Net margin | 20.6% | 2.8% |
| Operating cash flow | $7.2B | $696M |
| Free cash flow | $4.1B | $489M |
| Market value | $163.0B | $11.6B |
| P/E | 14.1× | 10.0× |
| Analysts’ mean target | $152.00 | $83.43 |
Where the revenue comes from
ConocoPhillips
- Lower 48: $13.2B (68%)
- EMENA: $2.6B (13%)
- Alaska Segment: $1.8B (9%)
- Canada Operating Segment: $1.2B (6%)
Sunoco LP
- Sales revenue: $17.5B (97%)
- Pipeline throughput: $175M (1%)
- Other: $155M (1%)
- Refinery throughput: $117M (1%)
Questions
Which is bigger, ConocoPhillips or Sunoco LP?
ConocoPhillips is the larger company: $19.4B of revenue in its latest quarter (Q3 2026) against $18.0B for Sunoco LP (Q3 2026).
Is ConocoPhillips or Sunoco LP growing faster?
Sunoco LP is growing faster (+199% against +29% a year earlier).
Which is more profitable, ConocoPhillips or Sunoco LP?
ConocoPhillips is more profitable, with an operating margin of 30.8% against 4.1%.
More: ConocoPhillips earnings · how ConocoPhillips makes money · Sunoco LP earnings · how Sunoco LP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.