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$137.35+0.23%
as of market close, Sep 11, 2026
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ConocoPhillips drawdown: at its all-time high

ConocoPhillips is trading at its all-time high (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
at the high
100.0% of ATH
All-time high
$137.35
Sep 11, 2026
Time below the high
0 days
since Sep 11, 2026
Worst-ever drawdown
−73.9%
Mar 18, 2020
Longest underwater
7.5 yrs
between all-time highs
Today's level first reached
today
a fresh record

% of all-time high since 1981#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%40%60%80%
COP close · log5.0010.0020.0050.00100
1990200020102020

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Jul 23, 2014Mar 18, 2020−73.9%5.7 yrsJan 18, 20227.5 yrs
Jun 17, 2008Mar 2, 2009−63.3%8 moOct 17, 20135.3 yrs
Dec 20, 1984Jul 28, 1986−53.6%1.6 yrsAug 3, 19872.6 yrs
Aug 3, 1987Nov 20, 1987−44.2%4 moApr 8, 19888 mo
Dec 31, 1981Aug 18, 1982−41.4%8 moFeb 15, 19842.1 yrs
Nov 7, 2022Apr 8, 2025−38.7%2.4 yrsSep 1, 20263.8 yrs
Sep 20, 1999Feb 24, 2000−35.9%5 moMay 31, 20008 mo
May 18, 2001Oct 9, 2002−33.9%17 moJan 26, 20042.7 yrs

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 1981: how far ConocoPhillips stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is ConocoPhillips from its all-time high?
ConocoPhillips is currently at (or within half a percent of) its all-time high, set Sep 11, 2026.
What was the biggest ConocoPhillips drawdown ever?
The deepest decline on record in our data (since 1981) took ConocoPhillips 73.9% below its prior high, bottoming Mar 18, 2020. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from COP; no free deep history exists for ConocoPhillips — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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