OverviewSuggest Edit

Concho is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's operations are focused in the Permian Basin of Southeast New Mexico and West Texas.
TypePublic
Founded2004
HQMidland, TX, US
Websiteconcho.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2019)1,453(-3%)
Job Openings39
Revenue (FY, 2019)$4.6 B(+11%)
Share Price (Jan 2021)$65.6
Cybersecurity ratingAMore

Key People/Management at Concho Resources

Tim Leach

Tim Leach

Chairman of the Board and Chief Executive Officer
Steve Beal

Steve Beal

Director
Jack Harper

Jack Harper

President
Tucker Bridwell

Tucker Bridwell

Director
Will Giraud

Will Giraud

Executive Vice President and Chief Operating Officer
Bill Easter

Bill Easter

Director
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Concho Resources Office Locations

Concho Resources has offices in Midland, Artesia, Dallas, Houston and in 1 other location
Midland, TX, US (HQ)
600 W Illinois Ave
Artesia, NM, US
2208 W Main St
Dallas, TX, US
3141 Hood St #500
Houston, TX, US
First City Tower, 1001 Fannin St
Santa Fe, NM, US
1048 Paseo De Peralta
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Concho Resources Financials and Metrics

Concho Resources Revenue

Concho Resources's revenue was reported to be $4.59 b in FY, 2019
USD

Revenue (Q3, 2020)

725.0m

Market capitalization (22-Jan-2021)

12.9b

Closing stock price (22-Jan-2021)

65.6

Cash (30-Sept-2020)

402.0m

EV

16.3b
Concho Resources's current market capitalization is $12.9 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

972.6m1.7b1.9b2.3b2.7b1.8b1.7b2.6b4.2b4.6b

Revenue growth, %

15%(32%)(9%)

General and administrative expense

64.3m96.3m133.8m169.8m204.2m230.7m225.6m244.0m311.0m326.0m

R&D expense

7.6m58.8m77.5m59.0m65.0m201.0m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

215.7m240.5m360.8m446.2m454.5m507.8m432.8m497.5m472.1m562.8m652.9m661.0m704.7m700.3m413.5m537.4m463.5m283.6m396.3m430.5m612.0m567.0m627.0m947.0m945.0m1.2b1.1b1.1b1.1b922.0m430.0m725.0m

Cost of goods sold

156.0m

Gross profit

1.0b

Gross profit Margin, %

87%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

384.0k342.0k2.9m21.0k21.0k228.6m53.3m70.0m

Accounts Receivable

198.1m223.8m250.6m204.0m331.0m466.0m584.0m

Prepaid Expenses

12.5m19.3m18.5m37.8m38.9m35.0m59.0m61.0m

Inventories

16.3m14.0m35.0m30.0m
USDQ2, 2010

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2 x
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Concho Resources Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Concho Resources Online and Social Media Presence

Embed Graph

Concho Resources News and Updates

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Concho Resources Inc. – CXO

NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Concho Resources Inc. (“Concho” or the “Company”) (NYSE: CXO). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Concho Resources Inc. (CXO)

LOS ANGELES, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming September 28, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Concho Resources Inc. ("Concho" …

CXO Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Concho Resources Inc. Investors of Class Action and Encourages Shareholders to Contact the Firm

NEW YORK, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Concho Resources Inc. ("Concho" or the "Company") (NYSE: CXO) and certain of its officers, on behalf of shareholders who …

CXO Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Concho Resources Inc. Shareholders of Class Action and Encourages Investors to Contact the Firm

NEW YORK, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Concho Resources Inc. ("Concho" or the "Company") (NYSE: CXO) and certain of its officers, on behalf of shareholders who pu…

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Concho Resources Inc. - CXO

NEW YORK, Aug. 3, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Concho Resources Inc. ("Concho" or the "Company") (NYSE: CXO). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The...

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Concho Resources Inc. Merger

WILMINGTON, Del., Oct. 19, 2020 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating Concho Resources Inc. (“Concho”) (NYSE: CXO) regarding possible breaches of fiduciary duties and other violations of law related to Concho’s agreement to be acquired by ConocoPhillips …
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Concho Resources Frequently Asked Questions

  • When was Concho Resources founded?

    Concho Resources was founded in 2004.

  • Who are Concho Resources key executives?

    Concho Resources's key executives are Tim Leach, Steve Beal and Jack Harper.

  • How many employees does Concho Resources have?

    Concho Resources has 1,453 employees.

  • What is Concho Resources revenue?

    Latest Concho Resources annual revenue is $4.6 b.

  • What is Concho Resources revenue per employee?

    Latest Concho Resources revenue per employee is $3.2 m.

  • Who are Concho Resources competitors?

    Competitors of Concho Resources include OQ, EOG Resources and POLARIS Laboratories.

  • Where is Concho Resources headquarters?

    Concho Resources headquarters is located at 600 W Illinois Ave, Midland.

  • Where are Concho Resources offices?

    Concho Resources has offices in Midland, Artesia, Dallas, Houston and in 1 other location.

  • How many offices does Concho Resources have?

    Concho Resources has 6 offices.