Wednesday, February 21, 2018

Midland,TX-Based Oil & Gas Co Concho Resources Generated 4Q 2017 Net Income of $267 Mil Due Entirely To Receiving a US Federal Income Tax Benefit of $398 Mil in the 4Q 2017 From the Very Lucrative US Federal Income Tax Debt Forgiveness Feature in the Oil & Gas Co Favored US Trump Tax Cuts Act ....................................................................................... Absent This $398 Mil Income Tax Benefit, Concho Would Have Had a 4Q 2017 Net Loss of $131 Mil, Rather Than Its Reported Net Income of $267