CXO News and Press, Concho Resources Inc. From 09/16/19

Oil and gas tickers dominate pre-market gainers in the wake of surging crude oil prices following the attacks in Saudi Arabia over the weekend. More news on: The United States Oil ETF, LP, United States Brent Oil Fund, LP, Denbury Resources Inc., Energy stocks news, News on ETFs, Rea...

U.S. shale oil output should continue to grow rapidly before peaking near 2030 at 14.5M bbl/day from ~8M bbl/day currently, according to a bullish new analysis from research firm Rystad Energy. More news on: Chevron Corporation, Occidental Petroleum Corporation, Concho Resources Inc., En...

Crude oil prices ( USO -2.3% ) are firmly in the red after an OPEC technical meeting brings no decision on further production cuts despite a mounting global supply glut and weakening demand growth for crude, instead focusing on bringing Nigerian and Iraqi output down to agreed quotas. ...

Introduction Whilst a company shedding assets is fairly routine, I was rather surprised that Concho Resources ( CXO ) plans to use the proceeds from their recent sale to fund a share buyback program . This choice is downright reckless given their current situation and the outlook for t...

Shares of Pioneer Natural Resources (NYSE: PXD) fell 10.6% in August, according to data provided by S&P Global Market Intelligence . Among the issues weighing on the energy company last month were low oil prices, earnings , and concerns that production growth in the  Permian Bas...

Concho Resources ( CXO ) is one of the top E&Ps in North America, but has seen a recent setback with a less-than-thrilling Q2 earnings report and a crude oil price environment that hasn't been enough to provide investors with incremental reasons to buy. With oil fundamentals shifting more ...

Last week, the Permian oil producer Concho Resources ( CXO ) announced a definitive agreement to sell its New Mexico Shelf assets for C$925 million. Also, the board of directors authorized a repurchase program of up to $1.5 billion. These developments are taking place a few weeks after man...

Two $900+ million asset sales were announced on September 3rd, 2019. The producing oil and gas assets were sold by publicly traded companies, Concho Resources Inc. ( CXO ) of Midland, Texas and Crescent Point Energy Corp. ( CPG ) of Calgary, Alberta and were purchased by private equity backed ...

Leading energy companies ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) are no strangers to the merger-and-acquisition market. Both have made big splashes over the years, which has enabled them to grow to their current size. While they haven't completed a notable acquisition in a few y...

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...