Concho Resources Inc

Concho Resources Inc CXO

Dividend Summary


The previous Concho Resources Inc dividend was 20c and it went ex 12 months ago and it was paid 10 months ago.
There are typically 4 dividends per year (excluding specials).

Latest Dividends
Summary Previous dividend Next dividend
Status Paid
Type Quarterly
Per share 20c
Declaration date 27 Oct 2020 (Tue)
Ex-div date 05 Nov 2020 (Thu)
Pay date 18 Dec 2020 (Fri)

Enter the number of Concho Resources Inc shares you hold and we'll calculate your dividend payments:

Previous Payment
Next Payment
Forecast Accuracy
71%
Our premium tools have predicted Concho Resources Inc with 71% accuracy.
Dividend Yield Today
0.0%
The dividend yield is calculated by dividing the annual dividend payment by the prevailing share price
The table below shows the full dividend history for Concho Resources Inc
Status Type Decl. date Ex-div date Pay date Decl. Currency Forecast amount Decl. amount Accuracy
Paid Quarterly 27 Oct 2020 05 Nov 2020 18 Dec 2020 USD 20c 20c 😄
Paid Quarterly 28 Jul 2020 06 Aug 2020 28 Sep 2020 USD 20c 20c 😄
Paid Quarterly 28 Apr 2020 07 May 2020 26 Jun 2020 USD 10c 20c 😖
Paid Quarterly 18 Feb 2020 27 Feb 2020 27 Mar 2020 USD 12.5c 20c 😓
Paid Quarterly 29 Oct 2019 07 Nov 2019 20 Dec 2019 USD 12.5c 12.5c 😄
Paid Quarterly 30 Jul 2019 08 Aug 2019 30 Sep 2019 USD 12.5c 12.5c 😄
Paid Quarterly 30 Apr 2019 09 May 2019 28 Jun 2019 USD 12.5c
Paid Quarterly 19 Feb 2019 28 Feb 2019 29 Mar 2019 USD 12.5c
Year Amount Change
2006 0.0c
2007 0.0c
0%
2008 0.0c
0%
2009 0.0c
0%
2010 0.0c
0%
2011 0.0c
0%
2012 0.0c
0%
2013 0.0c
0%
2014 0.0c
0%
2015 0.0c
0%
2016 0.0c
0%
2017 0.0c
0%
2018 0.0c
0%
2019 50.0c
100%
2020 80.0c
60.0%

Concho Resources Inc Optimized Dividend Chart

The chart below shows the optimized dividends for this security over a rolling 12-month period.
Dividend Yield Today
0.0%
Optimized Yield
Sign Up Required
52 Week High
3.3% on 01 November 2020
52 Week Low
0.0% on 19 January 2021
Next Ex-Div-Date Countdown
Sign Up Required

About Concho Resources Inc

Concho Resources Inc., incorporated on February 22, 2006, is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The Company's four operating areas include the Northern Delaware Basin, the Southern Delaware Basin, the Midland Basin and the New Mexico Shelf. As of December 31, 2016, the Company's operations were focused in the Permian Basin, which underlies an area of Southeast New Mexico and West Texas approximately 250 miles wide and 300 miles long. The Permian Basin is an oil and natural gas producing region in the United States and is characterized by multiple producing horizons and enhanced recovery potential. The majority of the rigs running in the Permian Basin are drilling horizontal wells. As of December 31, 2016, the Company produced approximately 55.1 million barrels of oil equivalent (MMBoe) of oil and natural gas.

Commercial accumulations of hydrocarbons occur in multiple stratigraphic horizons, at depths ranging from less than 1,000 feet to over 25,000 feet. As of December 31, 2016, all of its 720 MMBoe total estimated proved reserves were located in its core operating areas and consisted of approximately 59.5 % oil and 40.5 % natural gas. As of December 31, 2016, the Company had estimated proved reserves in the Northern Delaware Basin area of 234.3 MMBoe. The Northern Delaware Basin is characterized by a thick, resource-rich hydrocarbon column that lends itself to multi-zone development. It leverages horizontal drilling and completion technologies to target multiple producing formations that comprise the Avalon Shale, Bone Spring and Wolfcamp. These formations produce from 6,500 feet to 13,500 feet for its targeted activity. During the year ended December 31, 2016, it commenced drilling or participated in the drilling of 80 (55 net) wells in this area.

As of December 31, 2016, the Company had estimated proved reserves in Southern Delaware Basin area of 108 MMBoe. Across its Southern Delaware Basin acreage position it primarily targets the Bone Spring and Wolfcamp formations, which generally range from 4,700 feet to 13,500 feet in depth. During the year ended December 31, 2016, it commenced drilling or participated in the drilling of 41 (30 net) wells in this area. At December 31, 2016, it had estimated proved reserves in Midland Basin area of 191.4 MMBoe. Its primary objectives in the Midland Basin area are the Spraberry and Wolfcamp formations, which are encountered at depths of 7,500 feet to 11,500 feet. On its Midland Basin assets, the Company is continuing to develop the Wolfcamp and Spraberry formations with horizontal drilling, utilizing multi-well pad sites and extended lateral development. During the year ended December 31, 2016, it commenced drilling or participated in the drilling of 86 (47 net) wells in this area.

As of December 31, 2016, the Company had estimated proved reserves in New Mexico Shelf area of 186.1 MMBoe. Within this area its primary objectives are the Yeso, San Andres and Grayburg formations, with producing depths ranging from approximately 900 feet to 7,500 feet. As of December 31, 2016, the Company continued its horizontal drilling of the Yeso formation. During the year ended December 31, 2016, it commenced drilling or participated in the drilling of 42 (38 net) wells in this area.

Sector
Oil & Gas Producers
Country
United States
Share Price
$65.60 (yesterday's closing price)
Shares in Issue
201 million
Market Cap
$13.2bn
CADI
The Consecutive Annual Dividend Increases - the number of years this company has been increasing its dividends
2
Market Indices
S&P 500
No articles found