CXO News and Press, Concho Resources Inc. From 10/03/19

Chevron ( CVX +0.6% ) is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning its attempted takeover of Anadarko Petroleum earlier this year, Reuters reports. More news on: Chevron Corporation, Cimarex Energy Co., Concho Resources I...

Concho Resources ( CXO ) has started a buyback program and will also likely improve its financial health by eliminating near-term debt. Although the company has taken a positive step, it still has a long way to go. The Midland, Texas-based Concho Resources will rely on asset sales to fund th...

Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Wednesday, October 30, 2019 at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2019 financial and operating results. The Company plans to announce results for the third ...

Crude oil prices ( USO -1.6% ) slide for the third straight day , with WTI crude returning below its 50-day moving average ($56.06/bbl) and now just $1/bbl above the level seen on Sept. 13, the day before the attacks on Saudi Arabia's oil installations; November WTI -1.7% to $55.54/bbl,...

Crude oil prices are down but off earlier lows, as Saudi Arabia restores production more quickly than expected after the Sept. 14 attacks on its oil facilities and U.S. crude inventories recorded a surprise increase . More news on: The United States Oil ETF, LP, Cimarex Energy Co., E...

Continental Resources ( CLR -0.1% ) and Concho Resources ( CXO -0.1% ) are little changed even as Citigroup downgrades shares of both companies to Neutral from Buy on valuation, with the firm cutting its price target for CLR to $35 from $55 and for CXO to $81 from $119. More news on: C...

The Drilling Productivity Report produced from the EIA uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and na...

Monday was an unprecedented day in the oil market. Over the weekend, enemies of Saudi Arabia conducted a drone attack on key parts of the kingdom's oil infrastructure , halving its production output. The damage to its crude-oil processing facilities cut the global supply by about 5%, making it ...

Drone attacks on Saudi Arabia's oil infrastructure over the weekend shook the oil market to its core. The hit caused the leading oil producer to take half of its production offline. At more than 5 million barrels per day, that equated to 5% of global supplies disappearing from the market. I...

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...