Concho Resources

Concho Resources is an independent oil and natural gas company that acquires, develops, and explores oil and natural gas properties. The company delivers production growth from continuing operations of 20% and year-over-year crude oil growth of 25%. Concho nearly doubles its drilling locations, identifying approximately 22,000 locations at year-end. Concho produces 33.6 million barrels of oil equivalent with a capital budget of approximately $1.8 billion. Concho acquires the assets of Three Rivers Operating Company for approximately $1 billion, significantly adding to the Company’s positions in the core northern Delaware Basin play, the Midland Basin Wolfberry play, and the emerging southern Midland Basin horizontal Wolfcamp play. Concho partially funds the acquisition with a $520 million divestiture of non-core Permian Basin assets. It produces 29.8 million barrels of oil equivalent with a capital budget of approximately $1.5 billion. It was launched in Midland, Texas in 2004.

Concho Resources' (CXO) CEO Tim Leach on Q2 2019 Results - Earnings Call Transcript

Investors did not like the Permian Basin-focused driller’s approach.

Why Concho Resources Stock Is Cratering Today

Concho Resources' (CXO) operating expenses in Q2 skyrockets 106% from the prior-year quarter to $1,532 million owing to massive impairment charges, thereby denting profits.

Concho (CXO) Q2 Earnings Miss on Weak Fuel Prices, High Cost

Concho Resources (CXO) delivered earnings and revenue surprises of -6.76% and 0.88%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Concho Resources (CXO) Q2 Earnings Miss Estimates

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Top Permian Basin producers Concho Resources and Occidental Petroleum are set to report quarterly results after the market closes Wednesday.

These Permian Basin Powerhouses Will Report As Shale Hunkers Down

Two major areas of interest - output growth and oil price realizations -  are sending mixed signals with regard to Concho Resources' (CXO) results in the to-be reported quarter.

Key Factors to Impact Concho Resources (CXO) Q2 Earnings

Concho Resources (CXO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Concho Resources (CXO) Q2 Earnings Expected to Decline

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The federal government's EIA report revealed that crude inventories plunged by 9.5 million barrels for the week ending Jul 5, more than 4.5 times what energy analysts had expected.

Oil Gets a Lift from EIA Inventory Data, Storm Supply Risks

Concho Resources (NYSE:CXO), in our opinion, is one of the highest quality oil and gas producers in the U.S.

Bill Nygren Comments on Concho Resources

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According to the GuruFocus All-in-One Screener, the following companies are trading at a discount and have positive three- to five-year future earnings estimates.

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With the advent of advanced drilling technologies, oil producers are now competitive enough to produce higher volumes despite investing lower capital and employing lesser rigs.

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Concho Resources (CXO) reported earnings 30 days ago. What's next for the stock?

Why Is Concho Resources (CXO) Down 7.6% Since Last Earnings Report?

Concho Resources reported a dip in profits and negative free cash flows in the first quarter.

Concho Resources Will Get Better From Here

Concho Resources Inc. (CXO) CEO Timothy Leach on Q1 2019 Results - Earnings Call Transcript

Concho Resources (CXO) now expects 2019 oil output to grow 27-31% y/y versus prior forecast of 26-30%.

Concho (CXO) Misses on Q1 Earnings, Lifts Output Guidance

Concho Resources (CXO) delivered earnings and revenue surprises of -1.37% and 5.23%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Concho Resources (CXO) Q1 Earnings Lag Estimates

Two major areas of interest - output growth and oil price realizations - are sending mixed signals with regard to Concho Resources' (CXO) results in the upcoming quarter.

Key Factors to Impact Concho Resources' (CXO) Q1 Earnings

Oil Prices: Mixed Signals From the Oil Market Are Heightening Uncertainty

PDCE vs. CXO: Which Stock Is the Better Value Option?

Beta Crude Connector is going to aid in the transportation of Concho's (CXO) growing production in the Northern Midland Basin in the Permian play.

Concho-Frontier JV to Bet on Permian Midstream Start-Up

Concho Resources is investing in another midstream startup in the Permian Basin.

After 2 Huge Investment Windfalls, This Permian Basin Driller Is Going for the Trifecta

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Last Friday’s announcement that Chevron Corp. (NYSE: CVX) would pay $65 a share in cash and stock for Anadarko Petroleum Corp. (NYSE: APC) in a deal valued at $33 billion ($50 billion in enterprise value) appeared to come out of the blue.

US Shale Buyout Targets Are Everywhere, but Are There Buyers?

Concho Resources (CXO) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

Concho Resources (CXO) Looks Good: Stock Adds 8.8% in Session

If anything gets the Wall Street juices flowing, it’s a big acquisition, and the recently announced $33 billion purchase of Anadarko Petroleum Corp. by mega-cap integrated giant Chevron Corp. should be just the ticket.

News for Concho Resources Stock (CXO)