CXO News and Press, Concho Resources Inc. From 09/11/20

Concho Resources Inc. (NYSE: CXO) today announced that Jack Harper, President, will present at the Raymond James 16 th Annual North American Equities Conference. The presentation will begin at 7:50 AM CT on Tuesday, September 15, 2020. A live audio webcast of the presentation will be a...

Shale oil producers are stockpiling federal drilling permits in the Permian Basin, a move analysts attribute to a hedge against a win by Democratic candidate Joe Biden. More news on: Apache Corporation, BP p.l.c., Callon Petroleum Company, Energy stocks news, News on the U.S. economy, ...

Crescent Point Energy's ( CPG ) stock has seen better days. Since the oil price crash in 2014, it is down 95%, substantially underperforming the energy equities indices ( XLE ) ( XOP ) and the oil price index ( USL ): Data by YCharts Despite full senior management and board turnover, ac...

Concho is expected to generate combined Free Cash Flows of $1.5 billion in 2020 and 2021 We estimate Concho Resources ( CXO ), one of the leading Exploration & Production players in the Permian shale oil basin, to build upon a robust H1 2020 and generate $1.5 billion of cumulative free...

The big E&P news of yesterday was Occidental Petroleum (OXY) selling land grant assets in Wyoming, Colorado, and Utah to Orion Mine Finance for $1,333mm. Set to close later this year, the deal will move 4.5mm acres of mineral acres (subsurface) and 1mm surface fee acres located in the Gr...

Concho Resources (NYSE: CXO )   +2.3% pre-market after Morgan Stanley upgrades shares to Overweight from Equal Weight with a $64 price target, seeing opportunities amid energy sector headwinds. More news on: Concho Resources Inc., Occidental Petroleum Corporation, Noble Energy, In...

Concho Resources Inc. (NYSE: CXO) (the “Company”) today released its inaugural 2020 Sustainability Report. The report outlines Concho’s approach to sustainability, details the Company’s environmental, social, governance and safety performance and includes an upda...

Oil companies have a poor track record as  dividend stocks . The shareholder payout is usually the first thing to go when crude oil prices take a tumble, which has happened frequently in recent years. Now most income investors  have sworn off the sector because it's become an...

Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has priced an offering of a total of $500 million aggregate principal amount of senior unsecured notes due 2031 (the “notes”). The notes will bear interest at a ra...

Concho Resources (CXO) has recently reported blowout quarterly results, marked by an earnings beat and free cash flows, and I believe the Midland, Texas-based oil producer will likely continue doing well in the future. The improvement in oil prices will lift the company's earnings, and it lo...