Concho Resources Inc.

Concho Resources Inc. today announced third-quarter 2020 results, reporting a net loss of $61 million, or $0.31 per share. Adjusted net income , which excludes certain non-cash and special items, for third-quarter 2020 was $282 million, or $1.43 per share. Tim Leach, Chairman and Chief Executive Officer, commented, "Despite the challenging market environment, Concho delivered excellent results that demonstrate the [...]

The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. Concho Resources Merger Announcement: October 16, 2020 Transaction Details: Under the terms of the merger, each share of Concho common stock will be exchanged for a fixed ratio of 1.46 shares of Conoco common stock. To [...]

Concho Resources Inc. will host a conference call on Thursday, October 29, 2020 at 8:00 AM CT 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: 263-8298 Intl. dial-in: 219-0007 Participant Passcode: 4263756 To access the live webcast, visit the Company’s [...]

Concho Resources Inc. today announced that Jack Harper, President, will present at the Raymond James 16th Annual North American Equities Conference. The presentation will begin at 7:50 AM CT on Tuesday, September 15, 2020. 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. The webcast will be archived and [...]

Concho Resources Inc. 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 [...]

Concho Resources Inc. today released its inaugural 2020 Sustainability Report. The report outlines Concho’s approach to sustainability, details the Company’s environmental, social, governance and safety performance and includes an update to the Company’s 2019 Climate Risk Report. The 2020 Sustainability Report is available at www.concho.com/sustainability. Tim Leach, Chairman and Chief Executive Officer, commented, “At [...]

Concho Resources Inc. 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 will bear interest at a rate of 2.40% per annum and will be issued at 99.761% of par. The notes offering is expected to close on August 24, 2020, subject to the satisfaction of customary closing conditions. Concho intends to use the net proceeds from this [...]

Solaris Water Midstream, LLC announced today the company has expanded its existing joint venture with Concho Resources Inc. . Solaris Water and Concho have extended and increased the scope of their long-term produced water management agreement, which previously covered all of Concho’s acreage in Eddy County, New Mexico, to also include all of Concho’s acreage in Lea County, New Mexico. Under the terms of the agreement [...]

Concho Resources Inc. today reported financial and operating results for second-quarter 2020. Second-Quarter 2020 Highlights Generated cash flow from operating activities of $689 million. Operating cash flow before working capital changes totaled $550 million, exceeding capital expenditures of $312 million and resulting in $238 million of free cash flow . Delivered oil production volumes of 200 MBopd. Demonstrated [...]

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 September 28, 2020, to stockholders of record at the close of business on August 7, 2020. Concho Resources Inc. Concho Resources is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely [...]