Concho Resources Inc. (NYSE: CXO) announced that its Board of Directors declared a quarterly dividend of $0.20 per share on the Company’s outstanding common stock. The quarterly dividend is payable December 18, 2020, to stockholders of record at the close of business on November 6, 2020.

Concho Resources Inc.

Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing and producing oil and natural gas resources. We are working today to deliver a better tomorrow for our shareholders, people and communities. For more information about Concho, visit www.concho.com.

INVESTOR RELATIONS Megan P. Hays Vice President of Investor Relations & Public Affairs 432.685.2533

Michael Healey Manager of Investor Relations 432.818.1387

MEDIA Mary T. Starnes Manager of Public Affairs & Corporate Responsibility Strategy 432.221.0477

Concho Resources (NYSE:CXO)
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