What Are Concho Resources’s Profit Margin and Revenue Trends?



Concho Resources’s revenue and net profit margin

Concho Resources’s (CXO) 2Q16 revenue fell by ~13% YoY (year-over-year). Its YoY revenue growth was about -4.2% in 2Q15 and -7% in 1Q16.

In comparison, Concho Resources’s upstream peers Hess (HES) and Whiting Petroleum (WLL) saw approximate YoY revenue growths of -37% and -49%, respectively, in 2Q16.

These companies make up 6.6% of the iShares US Oil & Gas Exploration & Production ETF (IEO).

Concho Resources also saw a fall in its net profit margin. In 2Q16, it was -47%. It had been -19% in 2Q15 and -188% in 1Q16.

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