Concho Resources (CXO) Reports Q1 Loss of $0.05

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Go back to Concho Resources (CXO) Reports Q1 Loss of $0.05

Concho Resources Inc. Reports First Quarter 2016 Results

May 4, 2016 4:31 PM EDT

MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported financial and operating results for the first quarter of 2016.

Highlights

Delivered quarterly production of 12.7 million Boe, or 139.5 MBoepd, exceeding the high end of the Companys guidance. Executed a disciplined capital program within cash flow and further strengthened the Companys balance sheet, with a cash position of approximately $0.5 billion at quarter end. Achieved per-unit lease operating expense below the low end of the Companys guidance.... More