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Pioneer Natural Resource Co. - PXD STOCK NEWS

Welcome to our dedicated page for Pioneer Natural Resource Co. news (Ticker: PXD), a resource for investors and traders seeking the latest updates and insights on Pioneer Natural Resource Co. 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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Pioneer Natural Resources Company (NYSE: PXD) has agreed to sell its Delaware Basin assets to Continental Resources (NYSE: CLR) for $3.25 billion. This transaction is expected to close by the end of Q4 2021, pending regulatory approval. CEO Scott D. Sheffield noted that the sale allows Pioneer to focus on its high-margin Midland Basin assets. The company anticipates a pretax loss of $900 million to $1.1 billion from the sale, with proceeds aimed at strengthening its balance sheet and enhancing its dividend and share repurchase programs.

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Pioneer Natural Resources Company (NYSE:PXD) has published its 2021 Climate Risk Report, enhancing transparency on the integration of climate-related risks into its governance and business strategy. The report aligns with the Task Force on Climate-related Financial Disclosures (TCFD) principles, covering governance, strategy, risk management, and metrics. The company's efforts are aimed at addressing climate risks and opportunities within its operational framework, bolstering its commitment to sustainable practices in the oil and gas sector.

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Pioneer Natural Resources Company (NYSE:PXD) will release its third quarter 2021 earnings after the market closes on November 3, 2021. A conference call to discuss the results is scheduled for November 4, 2021, at 9:00 a.m. Central Time. Investors can listen to the call via telephone or through the company's website. A replay of the webcast will be available on the website and through audio replay until November 30, 2021.

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Pioneer Natural Resources Company (NYSE: PXD) has appointed Maria S. Jelescu Dreyfus to its Board of Directors. Dreyfus is the Chief Investment Officer at Ardinall Investment Management, specializing in ESG-focused investments. With over 15 years at Goldman Sachs, she brings significant expertise in energy and infrastructure sectors. Dreyfus aims to contribute to Pioneer's leadership in the energy transition, emphasizing performance in financial and ESG matters. CEO Scott D. Sheffield and Chairman J. Kenneth Thompson highlighted her background and skills as assets to the company.

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Pioneer Natural Resources Company (NYSE:PXD) announced that CEO Scott Sheffield will participate in a fireside discussion at the Barclays CEO Energy-Power Conference on Thursday, September 9, at 8:35 a.m. ET. The event will be accessible via a live webcast. An archived version will be available shortly after on Pioneer's website. The company, headquartered in Dallas, Texas, is a major independent oil and gas exploration and production firm operating in the United States. For further details, visit www.pxd.com.

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Pioneer Natural Resources Company (NYSE:PXD) has declared a quarterly cash base dividend of $0.56 per share, payable on October 14, 2021. Stockholders of record as of September 30, 2021 will receive this dividend. Pioneer is a prominent independent oil and gas exploration and production company headquartered in Dallas, Texas, with extensive operations across the United States.

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Pioneer Natural Resources Company (NYSE:PXD) reported strong financial results for the second quarter of 2021, with a net income of $380 million ($1.54 per diluted share). Excluding noncash adjustments, adjusted income was $629 million ($2.55 per diluted share). Cash flow from operations reached $1.5 billion, enabling free cash flow of $616 million. The company declared a variable dividend of $1.51 per share, returning 75% of free cash flow to shareholders. With a strong balance sheet and robust production metrics, Pioneer anticipates generating over $23 billion in cumulative free cash flow over the next six years.

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Pioneer Natural Resources Company (NYSE:PXD) has declared a quarterly cash variable dividend of $1.51 per share, totaling approximately $370 million returned to shareholders. This dividend is payable on September 17, 2021, to stockholders of record by September 3, 2021. The acceleration of this payment into Q3 2021, based on strong second quarter results, represents about 75% of free cash flow after the base dividend. CEO Scott D. Sheffield emphasized this milestone reflects Pioneer’s commitment to shareholder returns, with total dividends reaching $490 million.

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Pioneer Natural Resources Company (NYSE:PXD) has announced the release of its second quarter 2021 earnings report, scheduled for August 2, 2021, after market close. This will be followed by a conference call on August 3, 2021, at 9:00 a.m. Central Time to discuss the results. Interested parties can access the call via telephone or the company’s website. A replay will be available until August 30, 2021. Pioneer is a leading independent oil and gas exploration and production company based in Dallas, Texas.

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FAQ

What is the current stock price of Pioneer Natural Resource Co. (PXD)?

The current stock price of Pioneer Natural Resource Co. (PXD) is $269.62 as of November 1, 2024.

What is the market cap of Pioneer Natural Resource Co. (PXD)?

The market cap of Pioneer Natural Resource Co. (PXD) is approximately 63.0B.

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 Resource Co.

NYSE:PXD

PXD Rankings

PXD Stock Data

63.00B
233.68M
0.74%
81.02%
2.83%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
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