| Concho Resources is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of oil and natural gas properties. Co.'s operations are primarily focused in the Permian Basin of West Texas and Southeast New Mexico. We show 41 historical shares outstanding datapoints in our CXO shares outstanding history coverage, used to compute CXO market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CXO market cap history over the course of time is important for investors
interested in comparing CXO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CXO versus a peer is one thing; comparing
CXO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CXO can fluctuate over the course of history.
With this page we aim to empower investors researching CXO by allowing them to research the CXO market cap history.