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Concho Resources Inc (CXO.xnys) Profile
Concho Resources (Concho) is a fracking business focused on
exploring, developing, and extracting oil and gas assets in the Permian Basin, the hottest
energy resource region on the US mainland. It has around 549,000 net acres in Southeastern New
Mexico and West Texas, as well as over 255 net wells, the majority of which are underground. Its
proven reserves total over 1,000 million barrels of crude oil and natural gas. Concho produces
over 330 million barrels of crude oil equivalent per day, placing it among the leading
production in the area and the only company operating completely in the Permian. Employee (all
sites): 1,503. ConocoPhillips total assets for the quarter ending September 30, 2021 were
$87.304B Latest stock price $0.900 0.095 11.80% Last Updated: Jan 14,
2022 4:10 p.m. AEDT.
Concho Resources Inc (CXO.xnys) News
U.S. oil and gas producer ConocoPhillips (NYSE:COP) will quit Indonesia, selling its assets
there for $1.355 billion to domestic energy company Medco Energy International, and beef up in
Australia as it continues to reshape.
The offers come on the heels of ConocoPhillips' decision to double down on US shale with the
$9.5 billion acquisition of Royal Dutch Shell's (LON:RDSa) West Texas estates and the $13.3
billion acquisition of Concho Resources (NYSE:CXO), as well as its exit from Canada's oil sands,
US offshore, and British North Sea fields.
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Share CFD Trading FAQ
What is a Share CFD?
What is a Share CFD?
Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.
Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.
What is the difference between CFD and Shares?
What is the difference
between CFD and Shares?
Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.
While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.
What are the most traded share CFDs?
What are the most
traded share CFDs?
Supply and demand are the main two pillars of share price sharping. The economic situation of countries, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the share CFDs prices. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the foreign exchange but also excessive risks.
Thus, some well-performing companies offer more opportunities to traders due to their stable, smooth, and less volatile share price movement in the markets. Some of the top traded share CFDs represent the trending industries.
Technology companies such as Tesla Inc, Apple, Microsoft, and Facebook are some of the trader’s favorite shares to trade according to Investing.com. While some of the biotech representatives that have entered the top traded list of the global markets are Moderna, Pfizer, and Johnson & Johnson.
What factors should I consider when trading Share CFDs?
What factors should I
consider when trading
Share CFDs?
The main two driving forces of the forex currency market‘s volatility are supply and demand, placing the share CFDs trading amongst the most distinct volatility performers in the markets.
The economic situation of countries and unions, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the interest rate of currencies, economies, and companies. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the share CFDs.
For instance, the current global pandemic situation has resulted in traders’ interest turning towards pharmaceutical and biotech companies, delivery and transportation as well as streaming and production services.