Concho Resources (CXO) Tops Q1 EPS by 20c

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Go back to Concho Resources (CXO) Tops Q1 EPS by 20c

Concho Resources Inc. Reports First Quarter 2017 Results

May 3, 2017 4:16 PM EDT

Delivered 13% Organic Crude Oil Growth Quarter-Over-Quarter

Raised Full-Year 2017 Production Growth Target to a Range of 21% - 25%

MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported financial and operating results for the first quarter of 2017.

First-Quarter 2017 Highlights

Delivered quarterly production of 181.4 MBoepd, exceeding the high end of the Companys guidance range. Raised full-year 2017 production outlook to a range of 21% - 25% annual growth and maintained capital expenditure outlook. Increased crude oil production to 113.6... More