Revenue Growth: 41%
Profit Growth: 50%
Total Return: 35%
When times are good in the oil industry, they're really good. In this case, high prices have helped propel revenues at oil and natural gas company Concho Resources as its aggressive
expansion increased its production to 15.6 million barrels.
Last year Concho, a five-year-old company mostly built from acquisitions, drilled 662 new wells and made its largest purchase, taking on Marbob Energy for $1.65 billion. According to the
company's annual report, the deal makes Concho the most active driller in the Permian Basin, which stretches across west Texas into New Mexico. Says CEO Tim Leach: "In the last five or
ten years, through new technology, there's been more oil discovered out here than there has in the last 90 years."
Get stock quote: CXO
Revenue ($ millions):
$1134.2Net Income ($ millions):
L. Michael Cacace, Douglas G. Elam, Betsy Feldman, Kathleen Smyth, and Anne Vandermey, with Josh Dawsey, Mina Kimes, and Sam Silverman