Market Overview

Concho Resources Inc. Declares Quarterly Dividend

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Concho Resources Inc. (NYSE:CXO) (the "Company" or "Concho")
announced that its Board of Directors declared a quarterly dividend of
$0.125 per share on the Company's outstanding common stock. The
quarterly dividend is payable March 29, 2019, to stockholders of record
at the close of business on March 1, 2019.

About Concho Resources Inc.

Concho Resources (NYSE:CXO) is one of the largest unconventional shale
producers in the Permian Basin, with operations focused on acquiring,
exploring, developing and producing oil and natural gas resources.
Concho is at the forefront of applying advanced technology and
large-scale development to safely and efficiently maximize resource
recovery while delivering attractive, long-term economic returns. We are
working today to deliver a better tomorrow for our shareholders, people
and communities. For more information about Concho, visit www.concho.com.

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