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Concho Resources Inc (CXO)

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Concho Resources Inc (CXO) Profile

Concho Resources (Concho) is a fracking business focused on exploring, developing, and extracting oil and gas assets in the Permian Basin, the hottest energy resource region on the US mainland. It has around 549,000 net acres in Southeastern New Mexico and West Texas, as well as over 255 net wells, the majority of which are underground. Its proven reserves total over 1,000 million barrels of crude oil and natural gas. Concho produces over 330 million barrels of crude oil equivalent per day, placing it among the leading production in the area and the only company operating completely in the Permian. Employee (all sites): 1,503. ConocoPhillips total assets for the quarter ending September 30, 2021 were $87.304B Latest stock price $0.900 0.095 11.80% Last Updated: Jan 14, 2022 4:10 p.m. AEDT.

Concho Resources Inc (CXO.xnys) News
U.S. oil and gas producer ConocoPhillips (NYSE:COP) will quit Indonesia, selling its assets there for $1.355 billion to domestic energy company Medco Energy International, and beef up in Australia as it continues to reshape.

The offers come on the heels of ConocoPhillips' decision to double down on US shale with the $9.5 billion acquisition of Royal Dutch Shell's (LON:RDSa) West Texas estates and the $13.3 billion acquisition of Concho Resources (NYSE:CXO), as well as its exit from Canada's oil sands, US offshore, and British North Sea fields.

Share CFD trading- FAQs

What is Share CFD trading?

A Contract for Difference (CFD) is a financial derivative that follows the price fluctuations of the underlying asset without the trader needing to own the asset. Share CFDs enable traders to speculate on a company’s share price movements in both directions.

How do I buy Share CFDs?

Traders can buy or sell CFDs on Shares through regulated brokers. FP Markets offers various types of trading accounts, a wide array of platforms, and advanced tools to help traders invest in Share CFDs. Beginner traders can test their trading ideas via our Demo account with virtual funds and minimal risk.

How to trade Share CFDs on MT5?

An Order on MT5 can be placed using various methods.



  • Click, on Tools in the Menu bar.
  • Double-click the asset you want to trade in the Market Watch window (or right-click and choose 'New order' from the context menu).

Watch our video for more information:



What is the best Share CFD trading platform?

Choosing the right trading platform depends on your individual needs as a trader. An FP Markets trading account gives you access to the MT4, MT5, cTrader, and TradingView platforms. Traders should choose the platform that suits their plans and learn its functions to be able to maximise its potential.

How do I trade Shares on TradingView?

1. Log in to TradingView

Use your existing account or create a new one.


2. Connect your FP Markets account

Go to the Trading Panel and select FP Markets to log in and link your account.


3. Search for a share

Use the search bar to find the share you want to trade (e.g., AAPL, TSLA).


4. Open the chart

Click the share symbol to open its chart.


5. Place your trade

Click “Buy” or “Sell” directly from the chart. Set your volume, stop loss, and take profit levels.


6. Manage your position

Monitor and adjust your open trades through the Trading Panel.



Watch the full tutorial here.

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