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February 21, 2017MMMM d, yyy Q4 2016 Earnings Presentation
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Executive Officers

Tim Leach has been Chairman and Chief Executive Officer since Concho was formed in 2004. Tim was named President in 2009. Previously, Tim served as the Chairman of the Board and Chief Executive Officer of Concho Oil & Gas Corp. from its formation in 2001 until its sale in 2004. From 1997 to 2001, Tim was the Chairman and Chief Executive Officer of Concho Resources Inc., a predecessor company to Concho. Prior to founding Concho, Tim served in various positions with Parker & Parsley, including Executive Vice President.

Tim holds a Bachelor of Science in Petroleum Engineering from Texas A&M University and a Master of Business Administration from the University of Texas of the Permian Basin.

Tim is a member of the Texas A&M University Dwight Look College of Engineering Advisory Council. He also serves on the Board of Governors for Midland Memorial Foundation. Tim is on the Board of Directors of the Midland College Foundation, The Association of Former Students of Texas A&M University and the Scharbauer Foundation.

Tim Leach , , , Chairman of the Board, Chief Executive Officer and President

Will has been Executive Vice President, Chief Commercial Officer and Corporate Secretary since 2013. He leads Concho’s business development function and and is responsible for legal and government affairs, as well as human resources, security and facilities.

Will joined Concho as Vice President, General Counsel and Corporate Secretary in 2009, and was later named Senior Vice President, General Counsel and Corporate Secretary in 2010. Will began his career practicing corporate and securities law at Vinson & Elkins, L.L.P.

He is a graduate of Wake Forest University with a Bachelor of Arts in Economics and a graduate of the University of Texas School of Law with a Doctor of Jurisprudence.

Will Giraud , , , Executive Vice President, Chief Commercial Officer and Corporate Secretary

Jack was appointed Executive Vice President, Chief Financial Officer and Treasurer in 2016, with oversight of accounting, finance, capital markets, information technology and crude oil and natural gas marketing functions.

Previously, Jack served as Concho’s Executive Vice President from 2014 to 2016 and Senior Vice President and Chief of Staff from 2010 to 2013. Jack joined Concho in 2006 as Director of Investor Relations and Business Development and became Vice President of Business Development and Capital Markets in 2007. Prior to joining Concho, Jack served in various capacities relating to finance, investor relations and business development at Unocal Corporation, Pure Resources, Inc. and Tom Brown, Inc.

He is a graduate of Baylor University with a Bachelor of Business Administration in Finance.

Jack Harper , , , Executive Vice President, Chief Financial Officer and Treasurer

Joe is Executive Vice President and Chief Operating Officer and has been with Concho since its formation in 2004.

Since joining Concho, Joe has held a variety of leadership positions, including Senior Vice President and Chief Operating Officer and Vice President of Engineering and Operations. As Executive Vice President and Chief Operating Officer, Joe oversees exploration and production operations, corporate engineering and land management.

Prior to Concho, Joe was Vice President of Operations and Engineering of Concho Oil & Gas Corp. from its formation in 2001 until its sale in 2004. From 1997 to 2001, Joe was Vice President of Operations of Concho Resources Inc., a predecessor company to Concho. Joe has also worked in several operations, engineering and capital markets positions at Mewbourne Oil Company.

Joe holds a Bachelor of Science in Petroleum Engineering from Texas A&M University.

Joe Wright , , , Executive Vice President and Chief Operating Officer

Steve is Senior Vice President of Business Operations and Engineering for Concho. In this role, Steve supervises Concho’s corporate engineering and land management functions.

Steve joined Concho in 2004 and has served in several roles, including as Vice President of Texas, Texas Asset Manager, and as Engineering Manager. Prior to joining Concho, Steve was Business Development Manager at Moriah Resources. Steve also served in various engineering and operations capacities at Henry Petroleum and Exxon.

He is a graduate of Texas Tech University with a Bachelor of Science in Petroleum Engineering.

Steve Guthrie , , , Senior Vice President of Business Operations and Engineering

Corporate Officers

Mona is Vice President of Land. Mona joined Concho in 2012 to oversee the land and land administration functions. Before joining Concho, Mona served as East Texas Land Manager for Samson Resources Company. Mona began her career in 1981 with Exxon Company, USA and later served as District Landman for Matador Petroleum Company.

Mona received her Bachelor of Business Administration in Petroleum Land Management from the University of Texas of the Permian Basin and Master of Arts in Executive Leadership from Liberty University.

Mona Ables , , , Vice President of Land

Clay is Vice President of New Mexico. He joined Concho in 2008 and has served as Vice President of Texas, Texas Basins Asset Manager and Texas Asset Manager. Prior to joining Concho, Clay worked at Encore Acquisition Company as Senior Operations Engineer and at Burlington Resources in various engineering and operations capacities.

Clay holds a Bachelor of Science in Petroleum Engineering from the University of Texas.

Clay Bateman , , , Vice President of New Mexico

Mary Ann is Vice President, Chief of Staff and Corporate Secretary. Mary Ann joined Concho in 2008 as an attorney, and was later named Chief of Staff in 2014. As Chief of Staff, Mary Ann oversees human resources, equity administration and internal communications.

Before coming to Concho, she was a corporate litigator at Cooper Levenson, P.A. in Atlantic City, New Jersey.

She is a graduate of The Catholic University of America with a Bachelor of Arts in Politics and a graduate of Seton Hall University School of Law with a Doctor of Jurisprudence.

Mary Ann Berry , , , Vice President, Chief of Staff and Assistant Corporate Secretary

Gayle is Vice President of Business Development.

Gayle joined Concho in 2006, and has held several reservoir engineering roles for Concho, including as Vice President of New Mexico, Vice President of Engineering and Manager of Corporate Engineering.

Prior to joining Concho, Gayle was a Senior Engineer at BTA Oil Producers, with responsibility for reservoir and operations engineering for the Permian Basin, Oklahoma and North Dakota. Prior to her work at BTA, Gayle was Staff Reservoir Engineer for Mobil Oil Corporation, overseeing tertiary floods in Utah, Senior Reservoir Engineer for Parker & Parsley Petroleum Company, overseeing development in the Permian Basin, and in various reservoir engineering capacities at Exxon Corporation, overseeing oil and natural gas fields, water floods and tertiary recovery floods in the Permian Basin and North Dakota.

Gayle is a graduate of Texas Tech University with a Bachelor of Science in Chemical Engineering.

Gayle Burleson , , , Vice President of Business Development

Kang is Vice President and Chief Information Officer. Kang joined Concho in 2010 as Director of Information Technology. Prior to Concho, Kang served in various managerial roles with increasing responsibilities for LyondellBasell. Before LyondellBasell, Kang was with Deloitte Consulting where his clients included large oil and gas exploration and production companies and integrated oil companies. Kang holds a Bachelor of Science in Finance from Tianjin University of Finance and Economics, a Master of Science in Finance from Suffolk University and a Master of Science in Management Information Systems from Boston University.

Kang Chen , , , Vice President and Chief Information Officer

Keith Corbett is Vice President of Texas. Keith joined Concho in 2005 as Lead Reservoir Engineer. Keith has served as New Mexico Basin Asset Manager, New Mexico Shelf Asset Manager and New Mexico Operations Supervisor.

Prior to joining Concho, Keith held drilling, reservoir and production engineering positions at Penzoil (later Devon Energy) and Stallion Energy.

He is a graduate of Texas A&M University with a Bachelor of Science in Petroleum Engineering.

Keith Corbett , , , Vice President of Texas

Travis is Vice President, General Counsel and Assistant Corporate Secretary. He joined Concho in 2013.

Before joining Concho, Travis served as Vice President, Legal and Deputy General Counsel of Halcón Resources Corporation and as Associate General Counsel – Corporate of Petrohawk Energy Corporation. Prior to joining Petrohawk, Travis practiced at the Hinkle Elkouri Law Firm L.L.C., where he ultimately became a member.

He holds a Bachelor of Arts from Vanderbilt University and a Doctor of Jurisprudence from Tulane University School of Law, where he graduated magna cum laude and as a member of the Order of the Coif.

Travis Counts , , , Vice President, General Counsel and Assistant Corporate Secretary

Megan was named Vice President of Investor Relations in November 2016. She joined Concho as Director, Investor Relations in July 2014.

Megan has more than 10 years of experience in the oil and natural gas industry, beginning her career at Approach Resources in 2006. From 2007 to 2014, Megan led Approach's investor relations effort as well as its financial and capital markets activities.

Megan holds a Bachelor of Arts in Political Science and International Relations from Texas Christian University. She is a member of the National Investor Relations Institute and the Permian Basin Chapter of the Women's Energy Network.

Megan P. Hays , , , Vice President of Investor Relations

Scott is Vice President of Government and Public Affairs. He joined Concho in 2011 as Senior Counsel. In 2013, Scott was promoted to Director of Government and Public Affairs. In his current role, Scott oversees interaction with all local, state, and federal governments, the media and local communities. Prior to joining Concho, Scott was a shareholder at Lynch, Chappell & Alsup PC. Scott holds a Bachelor of Business Administration from Texas Tech University and a Juris Doctor from Texas Tech University School of Law.

Scott Kidwell , , , Vice President of Government and Public Affairs

Price is Vice President of Capital Markets and Strategy. He joined Concho in 2010.

Prior to being appointed to his current role, Price served as Director of Corporate Development. Outside of Concho, Price has experience with Tudor, Pickering, Holt & Co. in the energy investment banking group and with J.P. Morgan in the natural resources investment banking group. Price received a Bachelor of Science in Business Administration from Washington & Lee University and a Master of Business Administration from the University of Texas at Austin.

Price Moncrief , , , Vice President of Capital Markets and Strategy

Erick is Vice President of Operations and Production.

Erick has been with Concho since its formation in 2004. He has held several positions of increasing responsibility, including as the Vice President of New Mexico and New Mexico Asset Manager. Prior to joining Concho, Erick served in various operations engineering positions at Concho Oil and Gas Corp. from its formation in 2001 until its sale in 2004. Erick also served as an operations engineer for Concho Resources Inc., a predecessor company to Concho from 2000 until its sale in 2001.

Erick began his career working at Mewbourne Oil Company as an operations engineer from 1984 to 1995. Erick holds aBachelor of Science in Petroleum Engineering from Texas Tech University.

Erick Nelson , , , Vice President of Operations and Production

Ray is Vice President of Drilling, a position he’s held since 2012. He joined Concho in 2011 as Drilling Manager.

Prior to joining Concho, Ray was President and Chief Executive Officer of Mountain Drilling Company and President of Peterson Drilling Company. Ray began working on drilling rigs in college before going on to serve as an Officer, and later a Captain, in the United States Army. Following his time in the military, he was employed by various drilling companies until founding Peterson Drilling Company.

He holds a Bachelor of Science from New Mexico State University and a Master of Business Administration from Georgia State University.

Ray Peterson , , , Vice President of Drilling

Brenda is Vice President and Chief Accounting Officer. She joined Concho in 2013. Previously, Brenda was with Ernst & Young LLP since 1999. Her most recent position was Americas Oil & Gas Sector Resident within the audit practice. She received a Bachelor of Business Administration in Accounting from West Texas A&M University and a Master of Science in Accounting from Texas A&M University. Brenda is a certified public accountant.

Brenda Schroer , , , Vice President and Chief Accounting Officer

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.