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.

ConocoPhillips

America’s largest independent oil explorer, ConocoPhillips (NYSE: COP) is betting big on shale as it seeks to acquire rival Concho Resources Inc (NYSE: CXO), according to Bloomberg. What Happened: The coronavirus pandemic has dented oil demand, which led to a crash in crude oil prices in March 2020.

Concho Resources Rallies On Report Of M&A Interest From ConocoPhillips

Concho Resources (CXO) is seeing major gains to CXO stock on Wednesday following M&A news concerning ConocoPhillips (COP). The post M&A News: Concho Resources Stock Soars 13% on Possible ConocoPhillips Deal appeared first on InvestorPlace.

M&A News: Concho Resources Stock Soars 13% on Possible ConocoPhillips Deal

In yet another one of those rumors that leave a lot of people scratching their heads, Bloomberg reported Wednesday morning that unnamed sources say that independent oil and gas producer ConocoPhillips (NYSE: COP) is talking to Concho Resources Inc.

Will ConocoPhillips’ Acquisition of Concho Resources Happen?

ConocoPhillips is in talks to buy Concho Resources , Bloomberg News reported, citing people familiar with the matter. The report said the deal may come in the next weeks, and would represent a big shale bet at a time when oil prices are depressed.

ConocoPhillips in talks to buy Concho Resources: report

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Concho Resources (CXO) ends the second quarter with cash and cash equivalents worth $320 million, improving sequentially from $165 million.

Here's Why Concho Resources (CXO) is Investor Favorite Now

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MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) will host a conference call on Thursday, October 29, 2020 at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2020 financial and operating results. The Company plans to announce third-quarter 2020 results on Wednesday, October 28, 2020, after close of trading. Conference Call Information: Dial-in: (844) 263-8298 Intl. dial-in: (478) 219-0007 Participant Passcode: 4263756 To access the live webcast, visit the Company’s website at

Concho Resources Inc. Schedules Third-Quarter 2020 Results Conference Call for Thursday, October 29, 2020

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Concho Resources' (CXO) cost-reduction and cash-saving efforts are expected to lift its bottom line and cash flows.

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MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced that the Company will participate in the following virtual investor conferences: Conference Date Conference Presentation Time September 3, 2020 Simmons Energy Gleneagles Conference 1:30 PM CT September 8, 2020 Barclays CEO Energy-Power Conference 1:25 PM CT The Company’s presentation for the Simmons conference will be available on the Company’s website after market close on September 1, 2020, and the Company’s pr

Concho Resources Inc. to Participate in Upcoming Conferences

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

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Concho Resources' 9.2% 2020 Prospective FCF Yield Offers 50%+ Upside

Concho Resources (CXO) could produce exceptional returns because of its solid growth attributes.

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Over the past few years, oil and gas producers have not only worked tirelessly to cut costs to a bare minimum but also have looked for innovative ways to churn out more hydrocarbons.

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MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) today released its inaugural 2020 Sustainability Report.

Concho Resources Inc. Publishes Inaugural 2020 Sustainability Report

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has priced an offering of a total of $500 million aggregate principal amount of senior unsecured notes due 2031 (the “notes”).

Concho Resources Inc. Announces Pricing of Senior Unsecured Notes

Concho Resources (CXO) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Concho Resources (CXO) is an Incredible Growth Stock: 3 Reasons Why

Concho Resources, Inc. (CXO) CEO Tim Leach on Q2 2020 Results - Earnings Call Transcript

As part of its efforts to reduce costs and boost margins, Concho (CXO) succeeds in trimming its controllable expenses by 25% year over year to $7.49 per Boe in Q2.

News for Concho Resources Stock (CXO)