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, US
Websiteconcho.com
Employee Ratings4.8

Latest Updates

Employees (est.) (Feb 2019)1,203
Job Openings92
Revenue (FY, 2018)$4.2 B(+61%)
Share Price (Mar 2019)$103.6

Key People/Management at Concho Resources

Tim Leach

Tim Leach

Chairman of the Board and Chief Executive Officer
Jack Harper

Jack Harper

President
Will Giraud

Will Giraud

Executive Vice President and Chief Operating Officer
Brenda Schroer

Brenda Schroer

Senior Vice President, Chief Financial Officer and Treasurer
Clay Bateman

Clay Bateman

Senior Vice President of Assets
Gayle Burleson

Gayle Burleson

Senior Vice President of Business Development and Land
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Concho Resources Office Locations

Concho Resources has offices in Midland, Santa Fe, Houston and Artesia
Midland, US (HQ)
600 W Illinois Ave
Artesia, US
2208 W Main St
Houston, US
First City Tower, 1001 Fannin St
Santa Fe, 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 $4.15 b in FY, 2018
USD

Revenue (FY, 2018)

4.2b

Gross profit (FY, 2018)

3.6b

Gross profit margin (FY, 2018), %

85.8%

Net income (FY, 2018)

2.3b

EBIT (FY, 2018)

2.9b

Market capitalization (15-Mar-2019)

20.8b

Closing stock price (15-Mar-2019)

103.6
Concho Resources's current market capitalization is $20.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

2.3b2.7b1.8b1.6b2.6b4.2b

Revenue growth, %

15%(32%)(9%)

Cost of goods sold

590.0m

Gross profit

3.6b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

652.9m661.0m704.7m700.3m413.5m537.4m463.5m283.6m396.3m430.5m612.0m567.0m627.0m947.0m945.0m1.2b

Cost of goods sold

156.0m

Gross profit

1.0b

Gross profit Margin, %

87%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

21.0k21.0k228.6m53.3m

Accounts Receivable

Inventories

19.7m14.4m19.1m16.3m14.0m35.0m

Current Assets

520.9m1.2b1.3b546.5m592.0m1.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

251.0m538.2m65.9m(1.5b)956.0m2.3b

Depreciation and Amortization

772.6m979.7m1.2b1.2b1.1b1.5b

Inventories

509.0k2.4m(5.2m)1.9m(12.0m)

Accounts Payable

(18.5m)1.6m(17.7m)15.2m14.0m1.0m
Quarterly
USDY, 2018

Revenue/Employee

3.5m

Financial Leverage

1.4 x
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Concho Resources Online and Social Media Presence

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Concho Resources News and Updates

After-hours buzz: Devon Energy, Concho Resources, Cadence Design & more

See which stocks are posting big moves after the bell.

Concho Resources misses profit estimates, shares fall

Concho Resources Inc reported quarterly profit that missed Wall Street estimates on Tuesday, sending shares of the shale firm lower.

Concho Resources stock falls 5% after company misses views

Shares of Concho Resources Inc. fell nearly 5% in the extended session Tuesday after the oil and gas exploration and production company reported fourth-quarter earnings that missed Wall Street forecasts. Concho said it earned $1.5 billion, or $7.55 a share, in the quarter, compared with $267 millio…

WaterBridge Resources LLC Acquires Southern Delaware Produced Water Assets of Concho Resources Inc. and Commences Long-Term Produced Water Handling Contract

HOUSTON, Jan. 3, 2019 /PRNewswire/ -- WaterBridge Resources LLC (together with its subsidiaries, "WaterBridge") announced today that it has entered into a long-term produced water management services agreement with and has acquired the produced water assets of COG Operating LLC, a...

Shale Oil Market 2018 Global Analysis By Key Players – Royal Dutch Shell, Exxon Mobil, BP, Continental Resources, Concho Resources, Hess corporation

WiseGuyReports.Com Publish a New Market Research Report On –“ Shale Oil Market 2018 Global Analysis By Key Players – Royal Dutch Shell, Exxon Mobil, BP, Continental Resources, Concho Resources, Hess corporation”. Posted via Industry Today. Follow us on Twitter @IndustryToday
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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, Jack Harper and Will Giraud.

  • How many employees does Concho Resources have?

    Concho Resources has 1,203 employees.

  • What is Concho Resources revenue?

    Latest Concho Resources annual revenue is $4.2 b.

  • What is Concho Resources revenue per employee?

    Latest Concho Resources revenue per employee is $3.5 m.

  • Who are Concho Resources competitors?

    Competitors of Concho Resources include Cairn India, Lonestar Resources US and Parsley Energy.

  • 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, Santa Fe, Houston and Artesia.

  • How many offices does Concho Resources have?

    Concho Resources has 4 offices.