On March 5, 2020, John P. Surma notified the Concho Resources Inc. (the “Company”) board of directors of his intention not to stand for reelection at the Company’s 2020 annual meeting of shareholders (the “2020 Annual Meeting”). Mr. Surma advised the Company’s board of directors that his decision was not the result of any disagreement with the Company. Mr. Surma will remain a director and maintain his committee memberships through the 2020 Annual Meeting.