Concho Resources (CXO) Misses Q4 EPS by 19c
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Concho Resources Inc. Reports Fourth-Quarter and Full-Year 2018 Results; Updates 2019 Outlook
February 19, 2019 4:05 PM ESTDelivers Strong 2018 Results from Large-Scale Development Efficiencies
Provides Updated 2019 Outlook Reinforcing Focus on Free Cash Flow Growth
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported results for fourth-quarter and full-year 2018.
2018 Highlights
Delivered full-year production of 263 MBoepd (64% oil), in-line with the high-end of the Companys guidance range. Generated $2.6 billion of cash from operating activities, exceeding $2.5 billion of cash used in investing activities for additions to oil and natural gas properties.... More