ConocoPhillips vs. EOG: 1 of These Energy Stocks Is Cheaper and Pays You More. Which One?

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That's what makes ConocoPhillips and EOG Resources worth putting side by side. Both are well-known oil and gas producers, both have posted strong gains this year, and both have reasons to stay on investors’ radar.Dear IBM Stock Fans, Mark Your Calendars for April 22Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!The question is: Which one looks more compelling today?Let’s start with ConocoPhillips, the larger and more diversified company in this matchup. It is one of the biggest independent oil and gas producers in the world, with operations across major energy-producing regions. Put simply, ConocoPhillips makes money by finding and producing oil and natural gas on a large scale.COP stock is up 32% year to date, trading around $123.Then there is EOG Resources, the smaller, more focused of the two. It is a major oil and gas producer best known for its shale operations in the United States. EOG makes money the same way as ConocoPhillips, but it is often seen as the more focused and efficient operator of the two. Currently trading at around $136, EOG stock is up 30% year-to-date.So far, these two companies look equal, at least in terms of performance. Now, let’s dive deeper.ConocoPhillips is built around the upstream side of the energy business, meaning it makes money by exploring for, producing, transporting, and marketing oil and natural gas. Its advantage is scale. The company has a broad portfolio spanning multiple major producing regions, providing geographic diversification and greater exposure to certain asset types.Meanwhile, EOG Resources also operates on the upstream side, but its model is more focused on generating strong returns from a core portfolio of oil and gas assets, particularly in U.S. shale. Rather than relying on global breadth, EOG is better known for running a tighter operation and getting more from the wells it develops.While both companies make money from producing oil and gas, ConocoPhillips offers more scale and diversification, while EOG is the more focused operator.Continuing, let’s look at what the latest quarterly figures say.MetricConocoPhillipsEOG ResourcesSales $14.19 billion$5.64 billionNet Income$1.44 billion$701 millionOperating Cash Flow$19.8 billion$10 billionPrice-to-Earnings (Forward)18x11xThe first thing that stands out is scale. ConocoPhillips is operating on a much larger level, with $14.19 billion in sales in the latest quarter, compared with $5.64 billion for EOG. The same goes for earnings, where ConocoPhillips reported $1.44 billion in net income, while EOG reported $701 million.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 71,675.66 -1,114.91 (-1.53%)ETH-USD Ethereum USD 2,216.65 -19.94 (-0.89%)CL=F Crude Oil May 26 96.57 -1.30 (-1.33%)XRP-USD XRP USD 1.33 -0.02 (-1.27%)BTC-CAD Bitcoin CAD 99,224.20 -1,543.44 (-1.53%)PortfolioSign in to access your portfolioSign inTop gainersOGN Organon & Co. 8.83 +1.92 (+27.79%)XNDU Xanadu Quantum Technologies Limited 8.96 +1.31 (+17.12%)ALAB Astera Labs, Inc. 149.05 +19.59 (+15.13%)MANE Veradermics, Incorporated 68.80 +8.82 (+14.70%)TTMI TTM Technologies, Inc. 121.49 +13.96 (+12.98%)Top losersFSLY Fastly, Inc. 23.07 -6.39 (-21.69%)AKAM Akamai Technologies, Inc. 91.35 -18.26 (-16.66%)FICO Fair Isaac Corporation 922.37 -149.98 (-13.99%)SEZL Sezzle Inc. 59.71 -9.42 (-13.62%)NET Cloudflare, Inc. 166.99 -26.06 (-13.50%)Most activeNVDA NVIDIA Corporation 188.63 +4.69 (+2.55%)PLTR Palantir Technologies Inc. 128.06 -2.48 (-1.90%)HOLX Hologic, Inc. 76.01 0.00 (0.00%)INTC Intel Corporation 62.38 +0.66 (+1.07%)NOK Nokia Oyj 9.46 -0.09 (-0.94%)Top economic eventsEarnings eventsMy earnings eventsEarnings events