CXO News and Press, Concho Resources Inc. From 03/09/20

Just a few weeks ago, it seemed there were deals to be had on a relative basis in upstream energy recently - key word being relative. Discounts to net asset value ("NAV"), recent public and private comps, and in comparison to the peer group matters not when the market goes from pricing in a ...

You have certainly heard the news: Russia refused to support deeper oil production cuts, Saudi Arabia decreased its official selling prices, and the OPEC/non-OPEC deal disintegrated. As a result, WTI oil ( USO ) prices have briefly visited sub-$30 levels, while Brent oil ( BNO ) traded clo...

Permian Basin producers are set to suffer in the wake of the oil price collapse, as more defaults and bankruptcies are all but certain . More news on: Occidental Petroleum Corporation, Chevron Corporation, Concho Resources Inc., Energy stocks news, Stocks on the move, Read more ...

Exxon ( XOM ) is finally slowing down their activity in the Permian basin in west Texas and SE New Mexico. This time last year, I identified problems with Exxon's Permian program, specifically higher spending and lower well productivity, and predicted that these problems might "drag down...

The oil sector has developed a reputation over the past few years as the place where investor capital goes to die. That's largely the result of oil companies focusing so much of their attention on growing production as fast as possible in previous years that they have incinerated billions of dol...

Oil futures (NYSEARCA: USO ) ended an up week on a downbeat note, pressured by a reported rift in the oil production alliance between Saudi Arabia and Russia, alongside renewed concerns about the potential toll of the coronavirus on energy demand. More news on: The United States Oil ETF,...

On February 18, Concho Resources Inc. ( CXO ), the U.S. exploration & production company that I previously covered in August 2019, published its Q4 and 2019 financials. It topped Wall Street's EPS and revenue estimations thanks to the resilient output from the Permian Basin that help...

Concho Resources   (NYSE: CXO) has spent the past few years driving down its costs so it could start generating free cash flow at lower oil prices. That strategy has started paying dividends, which was evident in the company's fourth-quarter report. As a result, it was able to give inv...

Image source: The Motley Fool. Concho Resources Inc   (NYSE: CXO) Q4 2019 Earnings Call Feb 19, 2020 , 9:00 a.m. ET Operator Continue reading

Concho Resources Inc. (CXO) Q4 2019 Earnings Conference Call February 19, 2020 9:00 AM ET Company Participants Megan Hays – Vice President-Investor Relations Tim Leach – Chairman and Chief Executive Officer Jack Harper – President Will Giraud – Chief...