Concho Resources (CXO) Tops Q1 EPS by 6c
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Concho Resources Inc. Reports First-Quarter 2020 Results; Updates 2020 Outlook
April 30, 2020 4:02 PM EDTDelivers Strong Results for First-Quarter 2020
Further Reducing 2020 Capital Plans, Reinforcing Strong Financial Position
MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) today reported financial and operating results for first-quarter 2020.
First-Quarter 2020 Highlights
Delivered oil production volumes of 209 MBopd, exceeding the high end of the Companys guidance range. Generated cash flow from operating activities of $836 million. Operating cash flow before working capital changes (non-GAAP) was $744 million, exceeding capital expenditures of $556 million and resulting in $188 million... More