Concho Resources (Concho Resources) Accounts Payable & Accrued Expense : $366 Mil (As of Sep. 2020)

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What is Concho Resources Accounts Payable & Accrued Expense?

Concho Resources's quarterly accounts payable & accrued expense declined from Mar. 2020 ($722 Mil) to Jun. 2020 ($415 Mil) and declined from Jun. 2020 ($415 Mil) to Sep. 2020 ($366 Mil).

Concho Resources's annual accounts payable & accrued expense increased from Dec. 2017 ($704 Mil) to Dec. 2018 ($1,131 Mil) but then declined from Dec. 2018 ($1,131 Mil) to Dec. 2019 ($979 Mil).

Concho Resources Accounts Payable & Accrued Expense Historical Data

The historical data trend for Concho Resources's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Concho Resources Accounts Payable & Accrued Expense Chart

Concho Resources Annual Data

Trend

Dec10

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Dec12

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Dec14

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Dec16

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Dec19

Accounts Payable & Accrued Expense

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580.72

649.00

704.00

1,131.00

979.00

Concho Resources Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															757.00	979.00	722.00	415.00	366.00

Concho Resources Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Concho Resources (Concho Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Concho Resources Inc (NYSE:CXO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

600 West Illinois Avenue, One Concho Center, Midland, TX, USA, 79701

Website

https://www.concho.com

Concho Resources is an independent oil and natural gas company with operations primarily in the Permian Basin of western Texas and southeastern New Mexico. At the end of 2019, it reported proved reserves of 1.0 billion barrels of oil equivalent. Net production averaged about 331 thousand boe per day in 2018, of which 63% was oil (with natural gas and natural gas liquids making up the remainder).

Executives

Steven L Beal	director	7220 MEADOW ROAD, DALLAS TX 75230
John P Surma	director
Steven D Gray	director	125 W. MISSOURI AVE., SUITE 450, MIDLAND TX 79701
E Joseph Wright	director	550 WEST TEXAS AVENUE, SUITE 1300, MIDLAND TX 79701
Tucker S Bridwell	director	400 PINE STE 1000, ABILENE TX 79601
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Steven H Pruett	officer: SVP of Corporate Development	C/O LEGACY RESERVES GP, LLC 303 W. WALL STREET, SUITE 1600 MIDLAND TX 79701
David W Copeland	officer: VP Gen. Counsel & Secretary	1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203
Yorktown Energy Partners V Lp	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown V Co Llc	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Energy Partners Vi Lp	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Yorktown Vi Associates Llc	other: See Remarks	410 PARK AVENUE, 19TH FLOOR, NEW YORK NY 10022
Easter William H Iii	director	370 17TH ST, STE 2500, DENVER CO 80202