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Pioneer Natural Resources Declares First Quarter Dividend on Common Shares
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
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dividends
DALLAS--(BUSINESS WIRE)--
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") announced today that its Board of Directors declared a quarterly base-plus-variable cash dividend of $5.58 per common share. The dividend is payable March 17, 2023, to stockholders of record at the close of business on March 6, 2023.
About Pioneer
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Note: Future dividends, whether base or variable, are authorized and determined by the Company's Board of Directors in its sole discretion. Decisions regarding the payment of dividends are subject to a number of considerations at the time, including without limitation, the Company's liquidity and capital resources, the Company's results of operations and anticipated future results of operations, the level of cash reserves the Company maintains to fund future capital expenditures or other needs, and other factors that the Board of Directors deems relevant. The Company can provide no assurance that dividends will be authorized or declared in the future or the amount of any future dividends. Any future variable dividends, if declared and paid, will by their nature fluctuate based on the Company’s free cash flow1, which will depend on a number of factors beyond the Company’s control, including commodity prices.
Footnote 1: As used by the Company, free cash flow is defined as net cash provided by operating activities, adjusted for changes in operating assets and liabilities, less capital expenditures.
pioneer natural resources is a large independent exploration and production company with operations in the united states. focused on delivering competitive and sustainable results, pioneer responsibly produces oil and natural gas resources to help meet the world’s energy demands. the company provides many of its own services by owning and operating frac fleets, drilling rigs and coil tubing units. areas of operations include 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. the enthusiasm, commitment and talent of employees are at the heart of pioneer’s success. communicating openly at all levels of the organization, personal accountability and working as a team are all hallmarks of the company culture of respect. pioneer fosters an entrepreneur’s mindset, driving innovation and striving for excellence in all areas. company commitment to the health and safety of employees and t