Concho Resources Inc.

Concho Resources Inc. will host a conference call on Wednesday, October 30, 2019 at 8:00 AM CT to discuss third-quarter 2019 financial and operating results. The Company plans to announce results for the third quarter of 2019 on Tuesday, October 29, 2019, after close of trading. Conference Call Information: Dial-in: 263-8298 Intl. dial-in: 219-0007 Participant Passcode: 5785506 To access the live webcast, visit the [...]

Concho Resources Inc. today announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners LLC for $925 million. In addition, the Company’s board of directors authorized the initiation of a repurchase program of up to $1.5 billion of the Company’s shares of common stock. Tim Leach, Chairman and Chief Executive Officer, commented [...]

Concho Resources Inc. today announced that Tim Leach, Chairman and Chief Executive Officer, is scheduled to present at the Barclays CEO Energy-Power Conference in New York City, on Wednesday, September 4, 2019 at 9:05 AM ET. A live audio webcast of the presentation will be available on the “Events & Presentations” page under the “Investors” section of the Company’s website at www.concho.com [...]

Concho Resources Inc. today reported financial and operating results for second-quarter 2019. Second-Quarter 2019 Highlights Exceeded second-quarter guidance with production of 329 MBoepd. Delivered strong execution towards full-year 2019 capital program. Reported a net loss of $97 million, or $0.48 per share. Adjusted net income totaled $139 million, or $0.69 per share. Generated $717 million of adjusted EBITDAX . See [...]

Concho Resources Inc. and Solaris Water Midstream, LLC announced today the formation of a strategic joint venture focused on optimizing produced water logistics at scale in the Northern Delaware Basin. The joint venture includes a long-term produced water management agreement between Concho and Solaris Water. This press release features multimedia. View the full release here [...]

Concho Resources Inc. announced that its Board of Directors declared a quarterly dividend of $0.125 per share on the Company’s outstanding common stock. The quarterly dividend is payable September 30, 2019, to stockholders of record at the close of business on August 9, 2019. Concho Resources Inc. Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on [...]

Concho Resources Inc. will host a conference call on Thursday, August 1, 2019 at 8:00 AM CT to discuss second-quarter 2019 financial and operating results. The Company plans to announce results for the second quarter of 2019 on Wednesday, July 31, 2019, after close of trading. Conference Call Information: Dial-in: 263-8298 Intl. dial-in: 219-0007 Participant Passcode: 7577052 To access the live webcast, visit the [...]

Concho Resources Inc. today reported financial and operating results for first-quarter 2019. First-Quarter 2019 Highlights Achieved record oil production of 210 MBopd, a 46% increase over first-quarter 2018 and 6% over fourth-quarter 2018. Delivered total production of 328 MBoepd, exceeding the high end of the Company’s quarterly guidance range. Reduced per unit controllable cash costs year-over-year, with a 7 [...]

Concho Resources Inc. announced that its Board of Directors declared a quarterly dividend of $0.125 per share on the Company’s outstanding common stock. The quarterly dividend is payable June 28, 2019, to stockholders of record at the close of business on May 10, 2019. Concho Resources Inc. Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on [...]

Concho Resources Inc. and Frontier Midstream Solutions IV, LLC announced today that Concho and Frontier have executed an agreement to create Beta Crude Connector, LLC . Concho and Frontier will each own a 50% equity interest in BCC, with Frontier serving as operator. BCC will build and provide crude oil gathering, transportation and storage services in the Northern Midland Basin, supporting continued oil production growth [...]