Concho Resources (CXO) Misses Q4 EPS by 11c, Offers Outlook

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/1/2026

1. INTC
2. AMZN
3. RDDT
4. PINS
5. COIN
6. FSLR
7. SYK
8. DASH
9. GILD
10. SBUX

Go back to Concho Resources (CXO) Misses Q4 EPS by 11c, Offers Outlook

Concho Resources Inc. Reports Fourth Quarter and Full-Year 2015 Results

February 24, 2016 4:30 PM EST

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

Highlights

Full-year 2015 production increased 28% year-over-year, with crude oil production up 31%. Exploration and development capital expenditures were $1.8 billion during 2015, down 28% from 2014. Year-end 2015 estimated proved reserves totaled 623.5 MMBoe. Reserves replaced at a ratio of 291%, excluding price revisions, and at a drill-bit finding and development cost of $11.66 per Boe. Total resource potential estimated at approximately 5... More