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.
Type
Public
HQ
Midland, US
Founded
2004
Size (employees)
1,085 (est)
Website
concho.com
Concho Resources was founded in 2004 and is headquartered in Midland, US
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Key People/Management at Concho Resources

Tim Leach

Tim Leach

Chairman of the Board and Chief Executive Officer
Will Giraud

Will Giraud

Executive Vice President
Joe Wright

Joe Wright

Director, Executive Vice President and Chief Operating Officer
Gayle Burleson

Gayle Burleson

Senior Vice President of Business Development
Travis Counts

Travis Counts

Senior Vice President, General Counsel and Corporate Secretary
Steve Guthrie

Steve Guthrie

Senior Vice President of Business Operations and Engineering
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Concho Resources Office Locations

Concho Resources has offices in Midland, Artesia, Houston, Santa Fe and in 1 other location
Midland, US (HQ)
600 W Illinois Ave
Artesia, US
2208 W Main St
Houston, US
2200 First City Tower 1001 Fannin St
Santa Fe, US
1048 Paseo De Peralta
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Concho Resources Financials and Metrics

Concho Resources Financials

Concho Resources's revenue was reported to be $2.59 b in FY, 2017
USD

Revenue (FY, 2017)

2.6 b

Net income (FY, 2017)

956 m

EBIT (FY, 2017)

1.1 b

Market capitalization (20-Apr-2018)

23 b
Concho Resources's current market capitalization is $23 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.3 b2.7 b1.8 b1.6 b2.6 b

Revenue growth, %

15%(32%)(9%)

General and administrative expense

225.6 m244 m

Operating expense total

225.6 m1.5 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

652.9 m661 m704.7 m700.3 m413.5 m537.4 m463.5 m283.6 m396.3 m430.5 m612 m567 m627 m

General and administrative expense

40.8 m47.8 m49.5 m52.8 m58.8 m60.9 m60.1 m53.8 m53.4 m53.5 m56 m60 m64 m

Operating expense total

542.9 m458.7 m616.6 m158.3 m344 m669.5 m138.7 m1.8 b765.4 m428 m(449 m)298 m704 m

EBIT

69.6 m(132 m)324.7 m(1.6 b)(369.1 m)2.6 m1.1 b269 m(77 m)
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

21 k21 k228.6 m53.3 m

Accounts Receivable

Inventories

19.7 m14.4 m19.1 m16.3 m14 m

Current Assets

520.9 m1.2 b1.3 b546.5 m592 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

22 k21 k365.5 m98.9 m21 k280 k20 k466.8 m481.2 m1.2 b771 m662 m

Inventories

19.9 m18.7 m14.1 m15.8 m14.4 m16.4 m21.7 m19.3 m16.3 m16.9 m14 m14 m15 m

Current Assets

607.7 m575.4 m1.1 b771 m1.2 b901.7 m1.1 b1.4 b1.1 b1.7 b1.4 b1.3 b535 m

Total Assets

9.5 b10 b10.8 b11 b12.2 b12.2 b12.5 b11.3 b10.9 b11.6 b13.3 b13.6 b13.5 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

251 m538.2 m65.9 m(1.5 b)956 m

Depreciation and Amortization

772.6 m979.7 m1.2 b1.2 b1.1 b

Inventories

509 k2.4 m(5.2 m)1.9 m

Accounts Payable

(18.5 m)1.6 m(17.7 m)15.2 m14 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

145.2 m91.3 m103.1 m408.3 m7.5 m(113 m)66.7 m(1 b)(1.3 b)(1.3 b)650 m802 m689 m

Depreciation and Amortization

557.8 m221.4 m458.8 m715.6 m267.2 m572 m901.5 m310.1 m591 m890.3 m283 m564 m848 m

Inventories

434 k1.1 m4.8 m3.1 m3 k(1.9 m)(7.2 m)(219 k)2.5 m1.6 m1 m(1 m)

Accounts Payable

4.4 m20.1 m36.6 m18.5 m3.1 m23.3 m4.1 m7.5 m7 m9.3 m7 m(2 m)7 m
USDY, 2017

Revenue/Employee

2.4 m

Financial Leverage

1.5 x
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