Concho Resources (CXO) Tops Q4 EPS by 24c; To Raises Dividend 60%

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Go back to Concho Resources (CXO) Tops Q4 EPS by 24c; To Raises Dividend 60%

Concho Resources Inc. Reports Fourth-Quarter and Full-Year 2019 Results, Provides 2020 Outlook and Increases Dividend

February 18, 2020 4:05 PM EST

Delivers Strong Results for Fourth-Quarter 2019

Provides 2020 Outlook for Oil Production Growth on Lower Capital Spending Year over Year

Increases Dividend 60%

MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the Company or Concho) today reported financial and operating results for fourth-quarter and full-year 2019.

Highlights

Fourth Quarter

Delivered oil production volumes of 215 MBopd, exceeding the high end of the Company's guidance range. Completed the New Mexico Shelf divestiture, enabling Concho... More