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Pioneer Natural Resources Company - PXD STOCK NEWS

Welcome to our dedicated page for Pioneer Natural Resources Company news (Ticker: PXD), a resource for investors and traders seeking the latest updates and insights on Pioneer Natural Resources Company stock.

Pioneer Natural Resources Co. (NYSE: PXD) is a prominent independent exploration and production company headquartered in Irving, Texas. Specializing in oil and natural gas, Pioneer focuses on delivering competitive and sustainable results to meet global energy demands responsibly. With a strong emphasis on innovation and operational excellence, the company owns and operates frac fleets, drilling rigs, and coil tubing units to streamline its production processes.

Pioneer's operations are primarily concentrated in some of the most resource-rich areas of the United States, including the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton Basin in Southeastern Colorado, and the West Texas Panhandle gas field. These strategic locations enable the company to efficiently extract and produce hydrocarbons, thereby enhancing its financial performance and market presence.

The company is dedicated to fostering a culture of respect, teamwork, and personal accountability among its employees. This environment encourages open communication, drives innovation, and ensures a commitment to health and safety. Pioneer’s entrepreneurial spirit is evident in its continuous efforts to optimize operations and achieve excellence across the board.

Recent achievements highlight Pioneer's robust financial health and strategic partnerships. The company has successfully implemented new technologies and methodologies to increase production efficiency and minimize environmental impact. Investors and stakeholders can expect ongoing updates about the latest projects, achievements, and significant developments impacting the company's performance and growth trajectory.

For more detailed and current information, including the latest news and updates, visit the Pioneer Natural Resources Company section on StockTitan.

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ExxonMobil has completed the acquisition of Pioneer Natural Resources, transforming its upstream portfolio by doubling its Permian footprint. The merger combines Pioneer's acreage and expertise with ExxonMobil's technologies and project development capabilities. The companies aim to achieve double-digit returns, increase production volume, and transition to net-zero emissions by 2035.

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Pioneer Natural Resources, listed on NYSE under PXD, responds to FTC settlement complaint in relation to its proposed merger with ExxonMobil. The company disagrees with the FTC's allegations directed at Mr. Sheffield, but is not taking steps to block the merger. Mr. Sheffield's career focus has been on the interests of investors, employees, and the U.S. energy industry. He believes the FTC misunderstands the oil markets and his actions. Pioneer has doubled its daily production from 346,000 to 715,000 barrels of oil equivalent from 2019 to 2023, contributing significantly to U.S. energy supplies.

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Pioneer Natural Resources, listed under the ticker symbol PXD, has announced that its first quarter 2024 earnings news release will be issued on May 2, 2024. The company will not hold a conference call or webcast due to the pending merger with ExxonMobil.
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Jacinto J. Hernandez retires from Altria Group, Inc.'s Board of Directors but continues as a strategic advisor under a 5-year agreement. Altria expresses gratitude for his service and highlights his industry experience and financial expertise. Hernandez's background includes roles at Capital Group and Aris Water Solutions, Inc. Altria's Vision aims to lead adult smokers to a smoke-free future, offering a diverse portfolio of tobacco and smoke-free products.
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Pioneer Natural Resources Company (PXD) reported strong financial results for Q4 and full year 2023. Net income was $1.3 billion for Q4 and $4.9 billion for the year. Full year oil production exceeded guidance at 372 MBOPD, generating free cash flow of $4.1 billion. The Company maintained a strong balance sheet with $2.2 billion liquidity. Pioneer declared a quarterly dividend of $2.56 per share and expects a 2024 capital budget of $4.2-$4.6 billion.
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Pioneer Natural Resources Company (PXD) declares a quarterly cash dividend of $2.56 per common share, payable on March 22, 2024, to stockholders of record on March 4, 2024.
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Pioneer Natural Resources Company (PXD) has received shareholder approval for the pending merger with Exxon Mobil Corporation (XOM). The companies continue to work with the Federal Trade Commission for the merger review, with an expected completion in the second quarter of 2024.
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Pioneer Natural Resources Company is set to release its fourth quarter 2023 earnings news before the market opens on February 22, 2024. Due to the pending merger with ExxonMobil, there will be no conference call or webcast to discuss the results.
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Pioneer Natural Resources Company (NYSE:PXD) has announced Richard P. Dealy as the new CEO, effective January 1, 2024, succeeding Scott D. Sheffield. Dealy, previously the Company’s President and COO, brings over 30 years of industry experience and has been instrumental in securing Pioneer’s leading operational and financial position. The company has achieved significant milestones under his leadership, including building a strong investment grade balance sheet, becoming the largest oil producer in Texas, and successfully integrating major acquisitions.
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Pioneer Natural Resources reports Q3 2023 net income of $1.3 billion, or $5.41 per diluted share. Non-GAAP adjusted income for the quarter was $1.4 billion, or $5.83 per diluted share. Third quarter oil production averaged 377 MBOPD, at the top end of guidance. Full-year 2023 oil and total production guidance increased. Quarterly base-plus-variable dividend declared at $3.20 per share.
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FAQ

What does Pioneer Natural Resources Co. specialize in?

Pioneer Natural Resources Co. specializes in the exploration and production of oil and natural gas.

Where are Pioneer’s main operational areas?

Pioneer operates primarily in the Permian Basin, Eagle Ford Shale, Raton Basin, and West Texas Panhandle gas field.

What is unique about Pioneer's operations?

Pioneer owns and operates its frac fleets, drilling rigs, and coil tubing units, enhancing operational efficiency and control.

How does Pioneer Natural Resources promote a positive company culture?

Pioneer promotes a culture of respect, open communication, teamwork, and personal accountability among employees.

What recent achievements has Pioneer Natural Resources accomplished?

Pioneer has implemented new technologies to improve production efficiency and reduce environmental impact, showcasing its commitment to innovation and sustainability.

What are Pioneer's commitments to its employees?

Pioneer is committed to the health and safety of its employees, fostering a supportive and innovative work environment.

How does Pioneer contribute to meeting global energy demands?

Pioneer responsibly produces oil and natural gas to help meet the world’s energy needs, focusing on sustainable and efficient practices.

What are some key values of Pioneer Natural Resources?

Key values include innovation, operational excellence, teamwork, personal accountability, and a commitment to health and safety.

How can investors stay updated with Pioneer’s developments?

Investors can stay updated by visiting the Pioneer Natural Resources section on StockTitan for the latest news and updates.

What role do employees play in the success of Pioneer Natural Resources?

Employees, with their enthusiasm, commitment, and talent, are central to Pioneer's success, driving innovation and operational excellence.

Pioneer Natural Resources Company

NYSE:PXD

PXD Rankings

PXD Stock Data

63.00B
233.68M
0.74%
81.02%
2.83%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
IRVING