Concho Resources (CXO) Update - April 28

dan_s · Post by **dan_s** » Tue Apr 28, 2020 4:07 pm

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.

~75% of Concho's 2020 oil is hedged at more than $57/bbl. The MTM adjustment might exceed their revenues in Q1. They are scheduled to release Q1 results on April 30.