Concho Resources Inc.

Concho Resources Inc. today reported results for fourth-quarter and full-year 2018. 2018 Highlights Delivered full-year production of 263 MBoepd , in-line with the high-end of the Company’s guidance range. Generated $2.6 billion of cash from operating activities, exceeding $2.5 billion of cash used in investing activities for additions to oil and natural gas properties. Reported net income of $2.3 billion, or $13.25 [...]

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 March 29, 2019, to stockholders of record at the close of business on March 1, 2019. About Concho Resources Inc. Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on [...]

Concho Resources Inc. mourns the death of board member Ray Poage. “Ray was a friend and a colleague, and we are deeply saddened by his passing,” said Tim Leach, Chairman and Chief Executive Officer. “He was kind and generous with his support, and we will be continually grateful for Ray’s dedication, guidance and leadership as a member of the community and the Concho Board of Directors. Our thoughts [...]

Concho Resources Inc. will host a conference call on Wednesday, February 20, 2019 at 8:00 AM CT to discuss fourth quarter and full-year 2018 financial and operating results. The Company plans to announce fourth quarter and full-year 2018 results on Tuesday, February 19, 2019, after close of trading. Conference Call Information: Dial-in: 263-8298 Intl. dial-in: 219-0007 Participant Passcode: 5077474 To access the live [...]

Concho Resources Inc. today announced a series of leadership changes that enhance and expand the Company’s management team and position the Company for continued value creation. As previously disclosed and planned, Will Giraud has assumed the position of Executive Vice President and Chief Operating Officer, succeeding Joe Wright, who retired from the role at year-end 2018 and continues to serve on Concho’s [...]

Concho Resources Inc. today reported third-quarter 2018 results. Highlights Achieved production of 287 MBoepd, exceeding the high end of the Company’s guidance range. Delivered crude oil production of 185 MBopd. Generated cash flow from operating activities greater than capital expenditures, excluding acquisitions, year-to-date. Recorded a net loss of $199 million, or $1.05 per diluted share. Adjusted net income [...]

Concho Resources Inc. will host a conference call on Wednesday, October 31, 2018 at 8:00 AM CT to discuss third quarter 2018 financial and operating results. The Company plans to announce third quarter 2018 results on Tuesday, October 30, 2018, after close of trading. Conference Call Information: Dial-in: 263-8298 Intl. dial-in: 219-0007 Participant Passcode: 3856276 To access the live webcast, visit the Company’s [...]

Concho Resources Inc. today reported financial and operating results for second-quarter 2018. Second-Quarter 2018 Highlights Produced a record 229 MBoepd, in line with the high end of the Company’s guidance range. Increased oil production 26% year over year. Advanced large-scale development in the Northern Delaware Basin, with impressive results from the Company’s Wolfcamp development project. Delivered [...]

Concho Resources today announced that it has completed its acquisition of RSP Permian, Inc. The transaction creates the largest unconventional shale producer in the Permian Basin. Tim Leach, Chairman and Chief Executive Officer of Concho, commented, “We are excited to complete this transaction and welcome the RSP team to Concho. By combining two great companies focused on the highest quality resources in the Permian [...]

Concho Resources Inc. today announced that it has priced an offering of a total of $1,600 million aggregate principal amount of senior unsecured notes, consisting of $1,000 million aggregate principal amount of senior unsecured notes due 2028 and $600 million aggregate principal amount of senior unsecured notes due 2048 . The 2028 notes will bear interest at a rate of 4.300% per annum and will be issued at 99.660% of par [...]