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Concho's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Concho Resources engages in the acquisition, development and exploration of oil and natural gas properties.

Concho is hea... Read more

Based on data from Concho's latest SEC filings

Annual Revenue

Based on data from Concho's latest SEC filings

Employees

Timothy A. Leach's photo - Chairman & CEO of Concho

Chairman & CEO

Timothy A. Leach

CEO Approval Rating

74/100

OVERVIEW

Founded:

2004

Headquarters:

Midland, Texas

Status:

PublicNYSECXO

Industry Sector:

Oil & Gas Drilling

SIC Code:

1381NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is International Western Petroleum a competitor of Concho?

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Trending News for Concho and Concho's Competitors

April 8, 2020

MarketScreener

EOG Resources : Schedules Conference Call and Webcast of First Quarter 2020 Results for May 8, 2020

(marketscreener.com) HOUSTON, April 8, 2020 /PRNewswire/ -- EOG Resources, Inc. will host a conferenc... See more »

April 7, 2020

Seeking Alpha

Parsley willing to cut oil production 20% if deal reached, CEO says

See more »

April 8, 2020

Global Legal Chronicle

Pioneer Natural Resources' $905 Million 364-day Revolving Credit Facility

Bracewell LLP advised Pioneer Natural Resources on the deal. Pioneer Natural Resources acted as borro... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Devon Energy is seen as one of Concho's top competitors. Devon Energy was founded in 1971, and is headquartered in Oklahoma City, Oklahoma. Devon Energy operates in the Oil & Gas Exploration, Production, Sales industry. Devon Energy generates $5.8B more revenue vs. Concho.

Parsley Energy is a top competitor of Concho. Parsley Energy was founded in 2008, and its headquarters is in Austin, Texas. Like Concho, Parsley Energy also operates in the Oil & Gas Drilling industry. Parsley Energy has 1,007 fewer employees than Concho.

Pioneer Natural Resources is Concho's #3 rival. Pioneer Natural Resources was founded in Irving, Texas} in 1997. Pioneer Natural Resources competes in the Integrated Oil & Gas industry. Compared to Concho, Pioneer Natural Resources generates $4.5B more revenue.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Timothy A. Leach

Chairman & CEO

- -
1,503
$240.2M
$466M
1

David A. Hager

President & CEO

66/100
5,000
$1.1B
$6.2B
2

Matt Gallagher

President & CEO

80/100
527
$925M
$2B
3

Scott D. Sheffield

CEO

72/100
3,177
- -
$38.8B
4

CEO

- -
- -
5

Vicki A. Hollub

President & CEO

69/100
11,000
- -
$18.9B
6

Patrick Norris

CEO

69/100
2
$508K
$ < 1M
7

Jason Pigott

President & CEO

77/100
340
$297.5M
$837.3M
8

William R. Thomas

Chairman & CEO

75/100
2,800
- -
$17.4B
9

Christian S. Kendall

President & CEO

63/100
847
- -
$1.3B
10

Michael K. Wirth

Chairman & CEO

90/100
48,600
- -
$146.5B
The top 10 competitors in Concho's competitive set are Devon Energy, Parsley Energy, Pioneer Natural Resources, Unit, Occidental, International Western Petroleum, Laredo, EOG, Denbury and Chevron. Together they have raised over 2.3B between their estimated 71.2K employees. Concho has 1,503 employees and is ranked 6th among it's top 10 competitors. The top 10 competitors average 7,379.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$466M

Concho's revenue is the ranked 9th among it's top 10 competitors. The top 10 competitors average 23.2B. Over the last four quarters, Concho's revenue has decreased by 24.9%. Specifically, in Q4 2019's revenue was $127M; in Q3 2019, it was $92M; in Q2 2019, it was $78M; in Q1 2019, Concho's revenue was $169M.

Acquisitions

No recent acquisitions found related to Concho

Concho Funding History

Since Concho was founded in 2004, it has participated in 1 round of funding. In total Concho has raised $240.2M. Concho's funding round was on Aug 2007 for a total of $240.2M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Aug 2007
$240.2M

Total Funding: $240.2M

Since Concho was founded in 2004, it has participated in 1 round of funding. In total Concho has raised $240.2M. Concho's funding round was on Aug 2007 for a total of $240.2M

Investments

No recent investments found related to Concho

Concho News

March 30, 2020Seeking Alpha

3 Reasons Why Concho Resources Can Weather The Storm

See more »
March 17, 2020Reuters

Hess, Concho, Callon join Exxon in tightening budget amid oil crash

U.S. producers Hess Corp, Concho Resources Inc and Callon Petroleum Co on Tuesday followed oil major ... See more »
March 17, 2020Reuters

Concho Resources cuts annual capital spending by 25%

Oil and gas producer Concho Resources Inc said on Tuesday it has reduced its capital expenditure for ... See more »
March 2, 2020Seeking Alpha

All Set To Face A Tough Oil Market

See more »
February 19, 2020Reuters

Shares in shale firms Concho, Diamondback, Devon rise on dividend hike 'fireworks'

Shares in U.S. shale producers Concho Resources, Devon Energy and Diamondback Energy rose on Wednesda... See more »
February 18, 2020Reuters

UPDATE 1-Concho Resources profit beats estimates on higher output in Permian basin

Concho Resources Inc posted quarterly profit above Wall Street estimates on Tuesday, as the U.S. oil ... See more »
February 18, 2020Reuters

UPDATE 2-Concho, Devon to spend less in 2020 as investors press for returns

Shale producers Concho Resources Inc and Devon Energy Corp reined in spending plans for the year as i... See more »

Concho Press Releases

January 4, 2019Business Wire

Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2018 Results Conference Call for Wednesday, February 20, 2019

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the "Company" or "Concho") will h... See more »
June 14, 2018StreetInsider

Concho Resources Inc. Announces Pricing of Senior Unsecured Notes

Concho Resources Inc. (NYSE: CXO) (“Concho” or the “Company”) today announced that it has priced an o... See more »
April 2, 2018MarketersMedia

Concho's Quarterly Revenue Surged 49%; Adjusted EPS Zoomed 230%

Stock Monitor: Kimbell Royalty Partners Post Earnings ReportingLONDON, UK / ACCESSWIRE / April 02, 20... See more »
December 12, 2017Business Wire

Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2017 Results Conference Call for Wednesday, February 21, 2018

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2017 Re... See more »
August 23, 2017Blackbird

Concho Resources Inc. Schedules Third Quarter 2017 Results Conference Call for Wednesday, November 1, 2017

MIDLAND, Texas-(BUSINESS WIRE)-Concho Resources Inc. (NYSE: CXO) (the "Company" or "Concho") will hos... See more »
August 21, 2017MarketersMedia

Concho's Revenue Soared 43%; Adjusted EPS Rocketed 100%

Research Desk Line-up: Enerplus Post Earnings CoverageLONDON, UK / ACCESSWIRE / August 21, 2017 / Pro... See more »
August 2, 2017STREETINSIDER

Concho Resources Inc. Reports Second Quarter 2017 Results

Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) today reported financial and operating ... See more »

Concho Videos

Headquarters

600 West Illinois Avenue One Concho Center

Midland, Texas79701

432-683-7443

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

Concho Resources engages in the acquisition, development and exploration of oil and natural gas properties. Concho was founded in 2004. Concho's headquarters is located in Midland, Texas, USA 79701. It has raised 240.2M in 1 round. The latest round wa...

CEO

Concho's Chairman & CEO, Timothy A. Leach, currently has an approval rating of 74%. Concho's primary competitors are Devon Energy, Parsley Energy & Pioneer Natural Resources.

Website

concho.com

Frequently Asked Questions about Concho

  1. When was Concho founded?

    Concho was founded in 2004

  2. Who is Concho's CEO?

    Concho's CEO is Timothy A. Leach

  3. How much revenue does Concho generate?

    Concho generates $466M in revenue

  4. How much funding does Concho have?

    Concho has historically raised $240.2M in funding

  1. Where is Concho's headquarters?

    Concho's headquarters is in Midland Texas, USA

  2. How many employees does Concho have?

    Concho has 1,503 employees

  3. What sector does Concho operate in?

    Concho is in Oil & Gas Drilling

  4. Who are Concho's competitors?

    Concho's top competitors are Devon Energy, Parsley Energy, Pioneer Natural Resources
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