CXO News and Press, Concho Resources Inc. From 09/06/19

Shares of Concho Resources (NYSE: CXO) got crushed in August, plunging 25.1%, according to data provided by S&P Global Market Intelligence . Fueling the sell-off in the Permian Basin-focused oil producer was its poorly received second-quarter results . Concho Resources earned an adjus...

The following slide deck was published by Concho Resources Inc. in conjunction with this Read more ...

Volatile crude oil ( USO +4.4% ) followed three days of losses with a big rebound , helped by today's broad market pickup on amid easing tensions in Hong Kong and data showing China's services sector expanded at the fastest pace in three months as new orders rose; WTI settled +4.3% to $...

Shares of Concho Resources (NYSE: CXO) cratered last month after the company posted disappointing second-quarter results. Not only did the Permian Basin -focused oil producer miss analysts' earnings expectations, but it also cut its full-year forecast and reported disappointing results fo...

Concho Resources (NYSE: CXO ) agrees to sell its assets in the New Mexico Shelf to Spur Energy Partners for $925M, and plans to use some of the proceeds to help initiate a $1.5B common stock repurchase plan. More news on: Concho Resources Inc., Energy stocks news, Read more ...

Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has entered into a definitive agreement to sell its assets in the New Mexico Shelf (the “Shelf”) to an affiliate of Spur Energy Partners LLC for $925 million. ...

The market became gravely concerned when Vicki Hollub, CEO of Occidental Petroleum (NYSE: OXY) , came in, guns blazing with an offer to pay $76 per share for Anadarko   Petroleum (NYSE: APC) and backed by $10 billion from Warren Buffett. Hollub seemed tenaciously set on acquiring Ana...

This hasn’t been a great year for shale oil drillers in general and Concho Resources ( CXO ), in particular. The Midland, Texas-based oil producer has struggled with declining profits and weak cash flows, and things could get even worse in the coming quarters. The decline in commodity...

Like many U.S. exploration and production (E&P) companies, Concho ( CXO ) has suffered a significant decline in share price over the past 12 months as a result of weak profitability and declining growth. I believe Concho has become moderately undervalued as a result of excessively negative...

The Delaware and Midland basins focused E&P company Concho Resources ( CXO ) presented its 1H19 results on July 31; since then, the share price was under pressure, as half-year financials were worthy of concern, while the US market sentiment was sorely tested by inverted yield curve and ...