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Climate scenarios in the Mediterranean region predicts raising temperatures and more frequent and extreme drought conditions. Cork oak is a Mediterranean species with a large distribution in Portugal from which cork is extracted in a sustainable way and mainly used as the raw material for cork stoppers and insulating materials. To study the response of cork oak to drought and the effect of phellogen age on that response we examined cork growth from a 30-year chronology of trees from 12 sites in the main Portuguese cork oak production area. For the first time in cork, a components resilience study was performed. The research confirmed that drought reduces cork growth and provided extra knowledge on the responses of cork oak to drought: more severe droughts correspond to higher decrease of cork growth and more trees affected but to greater recovery performance. Moreover, cork oak is very tolerant and resilient to extreme droughts. Nevertheless, there are other factors that affect cork growth during and after drought, namely site, tree and the age of the phellogen. In fact, in the first 2 years and in the last 2 years of the production cycle the effects of drought on growth are more pronounced than in the middle of the cycle. The age of the phellogen is significant in the recovery, resistance and resilience but not in the relative resilience. The most noticeable differences occurred in the recovery for phellogen under 3 years (17% lower than that for phellogen with 3 to 6 years of age). Moreover, under drought conditions, there is a strong evidence that forest managers should enlarge debarking rotations, namely if drought occurs in the first 2 years of the production cycle and/or establish new cork oak stands in more humid areas, namely, in higher latitudes than the actual species distribution area.