CXO Stock - Concho Resources Inc.

CXO Stock Chart

CXO Profile

Concho Resources Inc. (CXO) is an independent oil and natural gas company that focuses on exploration, development, and production activities in the Permian Basin region of western Texas and southeastern New Mexico. The company's operations are primarily focused on unconventional shale plays, including the Wolfcamp, Bone Spring, and Avalon formations.

As of its last market close, CXO had a market capitalization of approximately $11.7 billion USD. The company had a trailing twelve-month revenue of approximately $2.8 billion USD and a net income of approximately $314 million USD. CXO's stock price had a 52-week range of $46.02 - $102.47 USD and was trading at approximately $70.03 USD at the time of its last market close.

Concho Resources is focused on improving operational efficiency and reducing costs, while also optimizing its portfolio of assets to maximize shareholder value. The company has also been investing in technology and innovation to improve its drilling and completion techniques.

Investing in CXO carries risks, including risks associated with fluctuations in commodity prices, changes in regulations, and the performance of the underlying assets. Additionally, Concho Resources is subject to geopolitical risks, including risks associated with changes in political and economic conditions in the areas where it operates. Investors should carefully consider these risks before making any investment decisions.

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