CXO News and Press, Concho Resources Inc. From 10/30/19

Concho Resources ( CXO +2.7% ) says it would consider moving rigs from New Mexico to Texas if the U.S. elects a president who favors a fracking ban on federal lands. More news on: Concho Resources Inc., Energy stocks news, Stocks on the move, Read more ...

The following slide deck was published by Concho Resources Inc. in conjunction with their 2019 Q3 earnings Read more ...

Concho Resources (NYSE: CXO ) +1.6% after-hours following below consensus Q3 earnings and a 6% Y/Y drop in revenues to $1.12B, as production rose 15% Y/Y to 330K boe/day and exceeded the high end of its guidance range. More news on: Concho Resources Inc., Energy stocks news, Earnings n...

Concho Resources (NYSE: CXO ): Q3 Non-GAAP EPS of $0.61 misses by $0.07 ; GAAP EPS of $2.78 beats by $2.10 . Revenue of $1.12B (-5.9% Y/Y) beats by $30M . Shares +0.9% . Press Release More news on: Concho Resources Inc., Earnings news and commentary, Energy stocks news,

Commodity stocks are not the place to be during recessions. Given enhanced expectations of an economic slowdown this year, many such companies are trading with significant discounts to their fair values. Additionally, the management of Concho Resources ( CXO ) had made a risky bet on an ex...

Synopsis There has been a relentless beat of negative news in 2019 about a slowing global economy, about a faltering US economy, about damaging trade wars, about the growth of electronic vehicle and so on. Because of the sensitivity of oil towards an economic slowdown, we have witnessed in...

By Bryce Bingham Oil production in the US has seen an explosion of growth over the last decade, which resulted in the US becoming the world's leading producer of oil last year. From 2010 to 2018, annual US crude production more than doubled, increasing from 5.5 million barrels per day (MMB...

The Oakmark Select Fund was down 3.4% for the quarter, trailing the S&P 500 Index's 1.7% return. For the fiscal year ending September 30, 2019, the Oakmark Select Fund decreased by 10.3% compared to a 4.3% gain for the S&P 500 Index. As shareholders of the Fund and as stewards of you...

Concho Resources ( CXO -1.9% ) dips deeper into the red after SunTrust downgrades shares to Hold from Buy with a $70 price target, chopped from $100, as analyst Neal Dingmann thinks the company's production results will fall short of consensus even though the company already has reduced ...

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...