Published on 16 Mar 2024 on Simply Wall St. via Yahoo Finance
Are Strong Financial Prospects The Force That Is Driving The Momentum In ConocoPhillips' NYSE:COP) ...
Most readers would already be aware that ConocoPhillips' (NYSE:COP) stock increased significantly by 9.0% over the past month. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. Specifically, we decided to study ConocoPhillips' ROE in this article.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
View our latest analysis for ConocoPhillips