Concho Resources Inc. Declares Quarterly Dividend

Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) announced that its Board of Directors declared a quarterly dividend of $0.125 per share on the Company’s outstanding common stock. The quarterly dividend is payable June 28, 2019, to stockholders of record at the close of business on May 10, 2019.

Concho Resources Inc.

Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on acquiring, exploring, developing and producing oil and natural gas resources. Concho is at the forefront of applying advanced technology and large-scale development to safely and efficiently maximize resource recovery while delivering attractive, long-term economic returns. We are working today to deliver a better tomorrow for our shareholders, people and communities. For more information about Concho, visit www.concho.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190430006058/en/

INVESTOR RELATIONSMegan P. HaysVice President of Investor Relations and Public Affairs432.685.2533

MEDIAMary T. StarnesManager of Public Affairs432.221.0477

Concho Resources (NYSE:CXO)
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