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Average Salary for Concho Resources Employees

With a reputation for handing out six-figure salaries (median pay is $101K), Concho Resources is a strong magnet for those looking to increase their earning potential. This report is based on responses to the PayScale salary survey.

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How This Employer Pays

Concho Resources typically pays:
above market

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Employer: Concho Resources
Average Salary Range by Job

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About This Company

Midland, Texas 

Oil & Gas Exploration

Freebase CC-BY Source: Freebase, licensed under CC-BY

Years of Experience

Those with one to four years of experience at the company can expect to make about $60K per year on average. Those who have five to nine years of work experience see average salaries of around $83K annually. The greater proportion of employees (42 percent) report 20 years or more of experience and bring home median pay of $106K per year.


Concho Resources workers in New Mexico earn the most — $88K annually on average.

Certifications and Degrees

The best paid folks at Concho Resources have a Master of Science (MS), Geology, earning approximately $185K per year.


The best-paying skill to have in this role appears to be Microsoft Word; employees who claim this ability report median compensation of $121K annually. Project Management is considered a run-of-the-mill skill; two in five of Concho Resources' people use it regularly.

Benefits and Perks

For employees looking to save up for their golden years, Concho Resources provides an optional 401(k) plan, and the vast majority of workers participate. The vast majority of employees have health insurance, and benefits for nearly all survey participants also include dental insurance. Concho Resources employees also enjoy perks such as a subsidized cell phone, stock options, optional telecommute / work from home, company car / automobile, and a casual working environment.

Key Stats for Concho Resources


31 %
69 %
$61,042 - $113,003
1-4 years
5-9 years
10-19 years
20 years or more

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 2 votes.
United States (change)

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