Pioneer Natural Resources Company Update

Rhea-AI Summary

Pioneer Natural Resources Company (NYSE:PXD), based in Dallas, Texas, has announced it is not pursuing any significant business combination or acquisition transactions at this time. This decision indicates a focus on its current operations and possibly a strategy to strengthen its core business amidst market fluctuations. Pioneer is a major player in the U.S. oil and gas exploration and production sector.

Positive

• Pioneer is focusing on its core operations without pursuing acquisitions, which may stabilize its current business.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") announced today that the Company is not contemplating a significant business combination or other acquisition transaction.

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 www.pxd.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230224005443/en/

Investors

Tom Fitter - 972-969-1821

Greg Wright - 972-969-1770

Chris Leypoldt - 972-969-5834



Media and Public Affairs

Christina Voss - 972-969-5706

Source: Pioneer Natural Resources Company

FAQ

What is the latest news regarding Pioneer Natural Resources Company (PXD)?

Pioneer Natural Resources Company announced that it is not considering any significant business combinations or acquisitions.

What does the recent Pioneer press release indicate about its business strategy?

The recent press release indicates that Pioneer is focusing on its existing operations rather than pursuing new acquisitions.

Where is Pioneer Natural Resources Company headquartered?

Pioneer Natural Resources Company is headquartered in Dallas, Texas.

Is Pioneer Natural Resources planning any acquisitions in the near future?

No, Pioneer Natural Resources has stated it is not contemplating any significant acquisition transactions at this time.