Advancing Responsible Development

Concho’s mission is to build long-term shareholder value through the exploration, development and acquisition of oil and natural gas resources. We do so by operating a large, long-life, low-cost resource base in the Permian Basin that spans approximately 800,000 gross acres. Given the depth and quality of our portfolio, we strategize and plan for multi-year time horizons. To create long-term value, we believe that we need to prioritize environmental stewardship of our operations to protect the air, water and land in the areas where we operate. We believe this is key to making us a better, more competitive company while operating with the support of our stakeholders and the communities where we work.

Our approach to environmental stewardship is detailed in the following sections of our 2020 Sustainability Report: