Concho Resources (CXO) Tops Q2 EPS by 67c
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Concho Resources Inc. Reports Second-Quarter 2020 Results
July 29, 2020 4:05 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) today reported financial and operating results for second-quarter 2020.
Second-Quarter 2020 Highlights
Generated cash flow from operating activities of $689 million. Operating cash flow before working capital changes (non-GAAP) totaled $550 million, exceeding capital expenditures of $312 million and resulting in $238 million of free cash flow (non-GAAP). Delivered oil production volumes of 200 MBopd. Demonstrated excellent cost control, driving an increase in the Companys full-year 2020 operating and G&A cost reduction target to more than $135... More