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September 5, 2017MMMM d, yyy September 2017 Investor Presentation
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Steve Beal

Steve Beal, Director

Steven L. Beal has served as a director of Concho since 2006 and currently serves as the Chairman of the Reserves Committee as well as a member of the Audit Committee and the Nominating & Governance Committee. Mr. Beal was a consultant to Concho from 2009 to 2013. Mr. Beal was the President and Chief Operating Officer of Concho from its formation in 2004 until his retirement in 2009. Previously, Mr. Beal was a director and the Executive Vice President and Chief Financial Officer of Concho Oil & Gas Corp. from its formation in 2001 until he became its President and Chief Operating Officer in 2002, a position he held until its sale in 2004.

Prior to Concho Oil & Gas Corp., Mr. Beal was a director and the Vice President and Chief Financial Officer of Concho Resources Inc., a predecessor company to Concho, from its formation in 1997 until its sale in 2001.

From 1988 until 1997, Mr. Beal was employed by Parker & Parsley Petroleum Company in a variety of capacities, including serving as its Senior Vice President and Chief Financial Officer and as a member of Parker & Parsley Petroleum Company’s Executive Committee. From 1981 until 1988, Mr. Beal was employed by the accounting firm of Price Waterhouse (now Price Waterhouse Cooper). Mr. Beal is also a director of First Financial Bankshares, Inc.

He is a graduate of the University of Texas with a Bachelor of Business Administration in Accounting.

Concho Resources Inc. is an independent exploration and production company engaged in the acquisition, development and exploration of oil and natural gas properties. Concho’s operations are concentrated in the Permian Basin of Southeast New Mexico and West Texas.