Concho Resources (CXO) Misses Q1 EPS by 6c
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Concho Resources Inc. Reports First-Quarter 2019 Results
April 30, 2019 4:05 PM EDTAchieves Record Oil Production
Raises Full-Year 2019 Production Growth Outlook
Maintains Capital Expenditure Plans
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported financial and operating results for first-quarter 2019.
First-Quarter 2019 Highlights
Achieved record oil production of 210 MBopd, a 46% increase over first-quarter 2018 and 6% over fourth-quarter 2018. Delivered total production of 328 MBoepd, exceeding the high end of the Companys quarterly guidance range. Reduced per unit controllable cash costs year-over-year, with a 7%... More