$CXO News

Last published 4y ago

4y agoCOP CXO MNRL WTTRBrigham Minerals, Inc. Announces the Appointment of Gayle Burleson and Stacy Hock to and the Resignation of Howard Keenan From the Board of DirectorsBusiness WireBrigham Minerals, Inc. (NYSE:MNRL) ("Brigham Minerals," "Brigham," or the "Company"), a leading mineral and royalty interest acquisition company, today announced that based on the recommendation of the Nominating & Governance Committee and the unanimous
5y agoCXOConcho Resources Inc (CXO) Q4 2020 Earnings Call TranscriptEarnings Call TranscriptsCXO earnings call for the period ending December 31, 2020.
5y agoCXO YETI HTH COP+1Trimble Set to Join S&P 500; YETI Holdings to Join S&P MidCap 400; Hilltop Holdings to Join S&P SmallCap 600PR NewswireS&P MidCap 400 constituent Trimble Inc. (NASD:TRMB) will replace Concho Resources Inc. (NYSE:CXO) in the S&P 500, S&P SmallCap 600 constituent YETI...
5y agoCOP CXOConocoPhillips Completes Acquisition of Concho ResourcesBusiness WireHOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies.
5y agoCOP CXOConocoPhillips Commences Exchange Offers and Concho Resources Inc. Commences Consent SolicitationsBusiness WireHOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that, in connection with the anticipated acquisition of Concho Resources Inc. (“Concho”) (NYSE: CXO) by ConocoPhillips, ConocoPhillips has commenced offers to eligible holders to exchange (each an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Concho as set forth in the table bel ...
5y agoCXO COPConoco Warns of 500 Houston Job Cuts as Concho Deal NearsBloombergConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc.
5y agoCXO CIT OSB FBMMoore Kuehn Encourages FBM, CIT, OSB, and CXO Investors to Contact Law FirmGlobeNewswireNEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a securities litigation law firm located on Wall Street in downtown New York City, is investigating potential claims concerning whether...
6y agoCVX COP CXORenting a Slice of U.S. Oil’s Hot Spot Is 70% Cheaper After RoutBloombergThe price to drill an acre of land in the biggest U.S. shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.
6y agoCXO CGIX CBMG RESIMoore Kuehn Encourages CGIX, CXO, CBMG, and RESI Investors to Contact Law FirmGlobeNewswireNEW YORK, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Moore Kuehn, PLLC, a securities litigation law firm located on Wall Street in downtown New York City, is investigating potential claims concerning whether...
6y agoCXOConcho Resources Inc. Declares Quarterly DividendBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s outstanding common stock. The quarterly dividend is payable December 18, 2020, to stockholders of record at the close of business on November 6, 2020.
6y agoCXOConcho Resources Inc. Reports Third-Quarter 2020 ResultsBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced third-quarter 2020 results, reporting a net loss of $61 million, or $0.31 per share. Adjusted net income (non-GAAP), which excludes certain non-cash and special items, for third-quarter 2020 was $282 million, or $1.43 per share.
6y agoCEQP WPX CXO ARCrestwood Announces Third Quarter 2020 Financial and Operating Results and Provides Preliminary 2021 OutlookBusiness WireHOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) today reported its financial and operating results for the three months ended September 30, 2020.
6y agoCXO COP PE PXD+5Natural Gas Giant EQT to Pursue Takeover Of CNX ResourcesBloombergEQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as M&A accelerates in the distressed shale patch.
6y agoNTN CXO AMAG RESIMoore Kuehn Encourages NTN, CXO, AMAG, and RESI Investors to Contact Law FirmPR NewswireMoore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims...
6y agoCVX OXY CXO COP+2Pioneer to Buy Parsley for $4.5 Billion in Latest Shale MergerBloombergPioneer Natural Resources Co. agreed to buy Permian Basin peer Parsley Energy Inc. for $4.5 billion in stock, the latest in a flurry of mergers that’s quickly reshaping the beleaguered U.S. shale oil industry.
6y agoC JPM CXO COP+3Texas Oil Deal Talks Must Navigate Potential Father-Son ConflictBloombergThe latest merger talks between two Permian shale producers will have to deal with an unusual family dynamic that has raised concerns about a potential conflict of interest.
6y agoWPX DVN CVX OXY+4Pioneer Said to Be in Talks to Buy Rival Shale Driller ParsleyBloombergPioneer Natural Resources Co. is in talks to buy rival U.S. shale driller Parsley Energy Inc., according to a person familiar with the matter.
6y agoDVN WPX CVX COP+2Cut-Price Deals Show Shale’s Rapid Decline From Debt-Fueled BoomBloombergThere is no more dramatic sign of the U.S. shale industry’s fall from grace than one of the best in the business being sold off for less than a third of its peak value.
6y agoCXOOil Extends Drop With OPEC+ Warning of Precarious Market OutlookBloombergOil slid toward $40 a barrel in New York with OPEC+ warning of a precarious outlook for the market as a resurgent virus hits consumption.
6y agoCXO COP HAL AZN-GB+11Stocks making the biggest moves in the premarket: Concho Resources, Halliburton, AstraZeneca & moreCNBCThe stocks making the biggest moves in premarket trading include Concho Resources, Halliburton, AstraZeneca, and more.
6y agoWPX DVN OXY CVX+2Conoco to Buy Concho for $9.7 Billion, Creating Permian GiantBloombergConocoPhillips agreed to buy Concho Resources Inc. for $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field.
6y agoCOP CXOConocoPhillips to Acquire Concho Resources in All-Stock TransactionBusiness WireHOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exch ...
6y agoWPX DVN OXY CVX+2Conoco Closing in on Concho in Year’s Biggest Oil DealBloombergConocoPhillips is nearing a deal to acquire Concho Resources Inc., according to people familiar with the matter, in what could be the largest shale industry deal since the collapse in energy demand earlier this year.
6y agoMS COP CXO BAC+2Asia Stocks to Track U.S. Drop; Dollar Declines: Markets WrapBloombergStocks in Asia looked set to follow their U.S. peers lower after Treasury Secretary Steven Mnuchin played down the chances of striking a stimulus deal before next month’s election. The dollar retreated and Treasuries were steady.
6y agoBAC UNH GS PNC+12Stocks making the biggest moves premarket: Bank of America, UnitedHealth, Goldman SachsCNBCThese are the stocks posting the largest moves before the bell.
6y agoCVX OXY COP CXOConocoPhillips in Talks to Buy Concho Resources in Big Shale BetBloombergConocoPhillips is in talks to acquire rival Concho Resources Inc., according to people familiar with the matter, as the largest independent energy producer looks to make a bold bet on U.S. shale during an historic industry downturn.
6y agoEOG DVN CXOThe Crown Jewel of the Shale Patch Braces for a Biden BanBloombergSoldiering on in the aftermath of the crude price crash, New Mexico’s oil workers say their biggest fear is the outcome of November’s election
6y agoCXOConcho Resources Inc. Schedules Third-Quarter 2020 Results Conference Call for Thursday, October 29, 2020Business WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) will host a conference call on Thursday, October 29, 2020 at 8:00 AM CT (9:00 AM ET) to discuss third-quarter 2020 financial and operating results. The Company plans to announce third-quarter 2020 results on Wednesday, October 28, 2020, after close of trading.
6y agoCXOConcho Resources Inc. to Present at the Raymond James North American Equities ConferenceBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced that Jack Harper, President, will present at the Raymond James 16th Annual North American Equities Conference. The presentation will begin at 7:50 AM CT on Tuesday, September 15, 2020.
6y agoCXOConcho Resources Inc. to Participate in Upcoming ConferencesBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced that the Company will participate in the following virtual investor conferences:
6y agoCXOConcho Resources Inc. Publishes Inaugural 2020 Sustainability ReportBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) today released its inaugural 2020 Sustainability Report. The report outlines Concho’s approach to sustainability, details the Company’s environmental, social, governance and safety performance and includes an update to the Company’s 2019 Climate Risk Report. The 2020 Sustainability Report is available at www.concho. ...
6y agoCXOConcho Resources Inc. Announces Pricing of Senior Unsecured NotesBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has priced an offering of a total of $500 million aggregate principal amount of senior unsecured notes due 2031 (the “notes”). The notes will bear interest at a rate of 2.40% per annum and will be issued at 99.761% of par. The notes offering is expected to close on August 24, 2020 ...
6y agoBAC XOM CVX CPE+2Permian Shale Chiefs Signal End of Output Growth -- For NowBloombergAmerica’s most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth: drilling just to ward off production drops.
6y agoQEP WPX CXOOil Buoyed by Shrinking American Stockpiles and Dovish FedBloombergOil held gains in Asia following the biggest drop in American crude stockpiles this year and as the Federal Reserve reaffirmed that it would do whatever it takes to shore up the U.S. economy in the face of the pandemic.
6y agoWPX QEP CXOShale Drillers Signal Bleak 2020 While Trump Champions Oil PatchBloombergShale explorers Concho Resources Inc., WPX Energy Inc. and QEP Resources Inc. signaled a grim rest of 2020 for the U.S. oil patch just hours after President Donald Trump arrived in the Permian Basin championing “American energy dominance.”
6y agoCXOSolaris Water Midstream Expands Water Infrastructure Joint Venture with Concho ResourcesBusiness WireHOUSTON--(BUSINESS WIRE)--Solaris Water Midstream, LLC ( “Solaris Water”) announced today the company has expanded its existing joint venture with Concho Resources Inc. (NYSE: CXO) (“Concho”).
6y agoCXOConcho Resources Inc. Reports Second-Quarter 2020 ResultsBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today reported financial and operating results for second-quarter 2020.
6y agoCXOConcho Resources Inc. Declares Quarterly DividendBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s outstanding common stock. The quarterly dividend is payable September 28, 2020, to stockholders of record at the close of business on August 7, 2020.
6y agoUBER LYFT VLO PBF+25Health Stocks Are Among Goldman’s Top Election Volatility PlaysBloombergU.S. equity investors are facing a turbulent four months as the presidential election heats up, and Goldman Sachs analysts scanned their coverage universe and found 38 stocks that investors can use to take advantage of that volatility with options.
6y agoMTDR OXY CXOOil Shock Upends State That Had Become Shale’s Newest PowerhouseBloombergAs Covid-19 shock waves reverberate across U.S. oil towns, perhaps nowhere is their speed and severity more apparent than in America’s newest shale powerhouse.
6y agoCXOConcho Resources Inc. Schedules Second-Quarter 2020 Results Conference Call for Thursday, July 30, 2020Business WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) will host a conference call on Thursday, July 30, 2020 at 8:00 AM CT (9:00 AM ET) to discuss second-quarter 2020 financial and operating results. The Company plans to announce second-quarter 2020 results on Wednesday, July 29, 2020, after close of trading.
6y agoCXOConcho Resources Inc. to Participate in Upcoming ConferencesBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced that the Company will participate in the following virtual conferences:
6y agoCXOConcho Resources Inc. to Present at the Bernstein Strategic Decisions Virtual ConferenceBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company”) today announced that Tim Leach, Chairman and Chief Executive Officer, will present at the Bernstein 36th Annual Strategic Decisions Virtual Conference. The presentation will begin at 9:00 AM CT on Thursday, May 28, 2020.
6y agoPXD PE CXO COP+3Permian Drillers Slash Output Even More After Oil’s CollapseBloombergDiamondback Energy Inc. and Centennial Resource Development Inc. became the latest Permian Basin shale producers to say they were curtailing output in response to a collapse in crude prices.
6y agoCXO PE XEC COP+4In Historic Oil Shutdown, Hard Part Is Picking Which Well ClosesBloombergTurns out shutting an oil well is easy, in many cases it can be done with a few taps on an iPhone. Figuring out which to shut, and for how long, is the hard part.
6y agoCXO CLR BKR COP+2The Great Shale Shut-In Has Begun, Making Good on Trump’s PledgeBloombergAmerican shale explorers are rapidly crimping production in the country’s most prolific oil fields as the worst price crash in history threatens the industry’s survival.
6y agoGS CXO COP CVX+1Oil Market Showing Signs of Life as Producers Plan Output CutsBloombergOil-output cuts across the U.S. have stemmed the freefall in prices. But whether the recent recovery is sustained will depend partly on whether producers make good on their commitments.
6y agoCXO CVX XOMExxon and Chevron Plot Permian Cuts With Shale Spending AxedBloombergExxon Mobil Corp. and Chevron Corp. are curbing production in the Permian Basin as shale spending bears the brunt of budget cuts spurred by a crash in crude prices.
6y agoCXOConcho Resources Inc. Reports First-Quarter 2020 Results; Updates 2020 OutlookBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today reported financial and operating results for first-quarter 2020.
6y agoCXOConcho Resources Inc. Declares Quarterly DividendBusiness WireMIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s outstanding common stock. The quarterly dividend is payable June 26, 2020, to stockholders of record at the close of business on May 8, 2020.