Concho Resources Inc.

Concho Resources Inc. today announced that Tim Leach, Chairman and Chief Executive Officer, will present at the Bernstein 36th Annual Strategic Decisions Virtual Conference. The presentation will begin at 9:00 AM CT on Thursday, May 28, 2020. A live audio webcast of the presentation and the slide presentation will be available on the “Events & Presentations” page under the “Investors” section of the Company’s website at [...]

Concho Resources Inc. today reported financial and operating results for first-quarter 2020. First-Quarter 2020 Highlights Delivered oil production volumes of 209 MBopd, exceeding the high end of the Company’s guidance range. Generated cash flow from operating activities of $836 million. Operating cash flow before working capital changes was $744 million, exceeding capital expenditures of $556 million and resulting in [...]

Concho Resources Inc. announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s outstanding common stock. The quarterly dividend is payable June 26, 2020, to stockholders of record at the close of business on May 8, 2020. Concho Resources Inc. Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and [...]

Concho Resources Inc. will host a conference call on Friday, May 1, 2020 at 8:00 AM CT to discuss first-quarter 2020 financial and operating results. The Company plans to announce first-quarter 2020 results on Thursday, April 30, 2020, after close of trading. Conference Call Information: Dial-in: 263-8298 Intl. dial-in: 219-0007 Participant Passcode: 7526676 To access the live webcast, visit the Company’s website at [...]

Within the context of a dynamic environment and a substantial decrease in oil and natural gas prices, Concho Resources Inc. is prioritizing its strong balance sheet and capital returns to shareholders. The Company has reduced its 2020 capital program to approximately $2 billion from the $2.6 to $2.8 billion range previously announced. The revised capital range is approximately 25% lower than the Company’s prior [...]

Concho Resources Inc. today reported financial and operating results for fourth-quarter and full-year 2019. Highlights Fourth Quarter Delivered oil production volumes of 215 MBopd, exceeding the high end of the Company's guidance range. Completed the New Mexico Shelf divestiture, enabling Concho to achieve its debt-reduction target and repurchase $250 million of shares during the quarter. Generated cash flow from [...]

AUSTIN, Texas and Enverus, the leading energy SaaS and data analytics company, and Concho Resources today announced they will bring to market a new product, Audit Analytics, which enables energy companies to reduce costs by identifying erroneous overbilling in high volume shale operations. Audit Analytics builds on Concho's proprietary vendor auditing program that it developed using data created by OpenInvoice and [...]

Concho Resources Inc. will host a conference call on Wednesday, February 19, 2020 at 8:00 AM CT to discuss fourth-quarter and full-year 2019 financial and operating results. The Company plans to announce fourth-quarter and full-year 2019 results on Tuesday, February 18, 2020, after close of trading. Conference Call Information: Dial-in: 263-8298 Intl. dial-in: 219-0007 Participant Passcode: 8389804 To access the live [...]

Concho Resources Inc. today announced that Will Giraud, Executive Vice President and Chief Operating Officer, is scheduled to present at the Bank of America Merrill Lynch Global Energy Conference in Miami, on Thursday, November 14, 2019 at 10:15 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 [...]

Concho Resources Inc. today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation to purchase up to two million shares of Concho common stock at a price of $62.85 per share in cash. TRC Capital’s offer price is approximately 4.51% lower than the $65.82 closing share price of Concho’s common stock on October 25, 2019, the last trading day [...]