About Concho Resources
Concho Resources is a company based in Midland (United States) founded in 2004 was acquired by ConocoPhillips in October 2020.. Concho Resources has raised $5.55 million across 5 funding rounds from investors including ConocoPhillips and Sowell & Co.. Concho Resources has completed 2 acquisitions, including RSP Permian and Three Rivers Operating Company. Concho Resources offers products and services including Crude Oil and Natural Gas.
- Headquarter Midland, United States
- Stage Public
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Conocophillips
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5.55 M (USD)
in 5 rounds
-
Latest Funding Round
$1.6 B (USD), Debt – Conventional
Jul 19, 2018
-
Investors
ConocoPhillips
& 1 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
RSP Permian
& 1 more
-
Acquired by
ConocoPhillips
(Oct 19, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Concho Resources
Concho Resources offers a comprehensive portfolio of products and services, including Crude Oil and Natural Gas. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Exploration and production of crude oil are carried out for energy markets
Exploration, production, and marketing of natural gas are conducted globally
Unlock access to complete
Unlock access to complete
Software Development Team
152 people
Leadership Team
56 people
Senior Team
32 people
Product Management Team
32 people
Operations Team
28 people
Legal and Compliance
21 people
Finance and Accounting
21 people
Staff Team
19 people
Unlock access to complete
Funding Insights of Concho Resources
Concho Resources has successfully raised a total of $5.55M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.6 billion completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $1.6B
-
First Round
First Round
(01 Jun 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Debt – Conventional - Concho Resources | Valuation |
investors |
|
| May, 2012 | Amount | Post-IPO - Concho Resources | Valuation |
investors |
|
| Oct, 2010 | Amount | Post-IPO - Concho Resources | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Concho Resources
Concho Resources has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include ConocoPhillips and Sowell & Co.. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Sowell & Co. is engaged in investment across multiple industries.
|
Founded Year | Domain | Location | |
|
Provider of integrated energy services
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Concho Resources
Concho Resources has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include RSP Permian and Three Rivers Operating Company. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Yacht charter, management, and sailing school services are offered.
|
2010 | ||||
|
Chemical dilution, dosing, and injection equipment is manufactured.
|
2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Concho Resources
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Concho Resources Comparisons
Competitors of Concho Resources
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Concho Resources
Frequently Asked Questions about Concho Resources
When was Concho Resources founded?
Concho Resources was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Concho Resources located?
Concho Resources is headquartered in Midland, United States. It is registered at Midland, Texas, United States.
Who is the current CEO of Concho Resources?
Tim Leach is the current CEO of Concho Resources.
Is Concho Resources a funded company?
Concho Resources is a funded company, having raised a total of $5.55M across 5 funding rounds to date. The company's 1st funding round was a Post-IPO of $300M, raised on Jun 01, 2006.
What does Concho Resources do?
Concho Resources was founded in 2004 as an independent entity in the oil and gas sector. Operations are focused on the exploration, development, production, transportation, and marketing of crude oil, natural gas, and related products. Activities span conventional and unconventional resources across international locations, including the United States base in Midland. The full value chain is managed, with emphasis placed on sustainability and environmental responsibility.
What products or services does Concho Resources offer?
Concho Resources offers Crude Oil and Natural Gas.
How many acquisitions has Concho Resources made?
Concho Resources has made 2 acquisitions, including RSP Permian, and Three Rivers Operating Company.
Who are Concho Resources's investors?
Concho Resources has 2 investors. Key investors include ConocoPhillips, and Sowell & Co..