While several oil companies are filing for bankruptcy, Concho Resources decided to raise dividends and to buy back shares.
Wise decision? If we look at the balance sheet, we can see that they have no debt to repay before 2025.
It seems that they are well prepared for low oil prices. Here's the full analysis of Concho Resources first quarter earnings: https://ishfaaqpeerally.teachable.com/courses/662813/lectures/16704038 Join my private investing group on Facebook for more: https://www.facebook.com/groups/IshfaaqInvesting/
YouTube channel: https://www.youtube.com/user/mip130916?sub_confirmation=1
eToro Popular Investor: https://www.etoro.com/people/ishfaaqpeerally