Concho Resources (CXO) Tops Q1 EPS by 12c

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Go back to Concho Resources (CXO) Tops Q1 EPS by 12c

Concho Resources Inc. Reports First Quarter 2015 Results and Raises Full-Year 2015 Production Growth Target

May 4, 2015 4:30 PM EDT

MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported financial and operating results for first quarter 2015.

Highlights

Concho delivered record quarterly production of 11.9 million Boe, or 132.2 MBoepd, exceeding the high end of the Companys guidance. Concho achieved 38% crude oil production growth over the same quarter a year ago and 9% crude oil growth over the fourth quarter of 2014. Concho raised its 2015 total production growth target to 18% to 22%. Capital expenditures are expected to range between $1.8 billion to... More