Concho Resources
| Company type | Public company |
|---|---|
| NYSE: CXO | |
| Industry | Petroleum industry |
| Founded | 2004 |
| Founder | Timothy A. Leach |
| Defunct | January 15, 2021 |
| Fate | Acquired by ConocoPhillips |
| Headquarters | Midland, Texas |
Key people | Timothy A. Leach, Chairman and CEO Jack F. Harper, CFO |
Production output | 331 thousand barrels of oil equivalent (2,030,000 GJ) per day (2019) |
| Revenue | US$4.592 billion (2019) |
| US$−987 million (2019) | |
| US$−705 million (2019) | |
| Total assets | US$24.732 billion (2019) |
| Total equity | US$17.782 billion (2019) |
Number of employees | 1,453 (2019) |
| Website | www |
| Footnotes / references | |
Concho Resources Inc. was a company engaged in hydrocarbon exploration, incorporated and organized in Delaware and headquartered in Midland, Texas, with operations exclusively in the Permian Basin. In 2021, the company was acquired by ConocoPhillips.
As of December 31, 2019, the company had 1,002 million barrels of oil equivalent (6.13×109 GJ) of estimated proved reserves, of which 63% was petroleum and natural gas liquids and 37% was natural gas. Of these reserves, 55% were in the Delaware Basin and 45% were in the Midland Basin.