$CXO beat estimates and consensus, driven by better-than-expected production, and they raised FY14 production guidance, as operational efficiencies and well performance continues to improve.
In the first quarter, Concho has been posting losses of roughly $100 million before the consideration of income taxes, at a time when WTI prices came in at $50 per barrel. The recent run-up towards the $60 mark might cut these losses to a range of $0-$50 million per quarter.
News 
Market Data 
Discover 
