CXO News and Press, Concho Resources Inc. From 04/30/20

Concho Resources (NYSE: CXO ): Q1 Non-GAAP EPS of $0.72 beats by $0.02 ; GAAP EPS of -$47.49 misses by $48.19 . More news on: Concho Resources Inc., Earnings news and commentary, Energy stocks news, Read more ...

Delivers Strong Results for First-Quarter 2020 Further Reducing 2020 Capital Plans, Reinforcing Strong Financial Position Concho Resources Inc. (NYSE: CXO) today reported financial and operating results for first-quarter 2020. First-Quarter 2020 Highlights Delive...

Crude oil prices have crashed and burned this year. At one point this week, the U.S. oil price benchmark, West Texas Intermediate (WTI), plummeted into  negative territory  as price speculators raced to unload positions before they had to take delivery of physical oil they couldn'...

Oil exploration and production companies led by Parsley Energy ( PE +9.7% ) with secured contracts to the Gulf Coast should be well positioned moving forward, assuming "their contract price agreements and volumetric commitments are not onerous," SunTrust analyst Neal Dingmann says. More ...

Energy ( XLE +3.1% ) is easily the day's strongest sector in a rising broader market, as WTI crude oil jumped as much as 40% after Pres. Trump said he ordered the U.S. military to destroy Iranian vessels if provoked. More news on: Energy Select Sector SPDR ETF, Halliburton Company, Dia...

The Texas Railroad Commission defers a decision on whether to mandate production cutbacks in the state and will revisit the issue on May 5. More news on: Pioneer Natural Resources Company, Parsley Energy, Inc., Chevron Corporation, Energy stocks news, Read more ...

Concho Resources Inc. (NYSE: CXO) will host a conference call on Friday, May 1, 2020 at 8:00 AM CT (9:00 AM ET) to discuss first-quarter 2020 financial and operating results. The Company plans to announce first-quarter 2020 results on Thursday, April 30, 2020, after close of trading. C...

The Oakmark Select Fund (OAKLX) was down 33% for the quarter, trailing the S&P 500 Index's negative 20% return, in a quarter in which the Russell 1000 Value Index underperformed the Russell 1000 Growth Index by 13%. As Bill Nygren pointed out in his quarterly commentary , what started out...

Deep divisions in the Texas oil industry came to the surface Tuesday as regulators heard advocates as well as opponents of a plan to cut the state's oil production by 1M bbl/day. More news on: Pioneer Natural Resources Company, Parsley Energy, Inc., Exxon Mobil Corporation, Energy stock...

Several years ago, I correctly forecast that deep water drillers are doomed . Now, it's the shale oil companies' turn. Investors need to run from shale stocks as fast as they can. We are about to see a massive wave of shale oil bankruptcies by thieving executives who have borrowed agains...