Pioneer Natural Resources Declares Fourth Quarter Dividend on Common Shares

Rhea-AI Summary

Pioneer Natural Resources Company (PXD) has declared a quarterly cash dividend of $3.20 per common share. The dividend will be payable on December 22, 2023, to stockholders of record as of November 30, 2023.

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 $3.20 per common share. The dividend is payable December 22, 2023, to stockholders of record at the close of business on November 30, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231102944621/en/

Pioneer Natural Resources Contacts:

Investors

Greg Wright – 972-969-1770

Chris Leypoldt – 972-969-5834

Trevor Long – 972-598-8579

Media and Public Affairs

media@pxd.com

Source: Pioneer Natural Resources Company

FAQ

What is the dividend declared by Pioneer Natural Resources Company?

Pioneer Natural Resources Company has declared a quarterly cash dividend of $3.20 per common share.

When will the dividend be paid?

The dividend will be payable on December 22, 2023.

Who will be eligible to receive the dividend?

Stockholders of record as of November 30, 2023, will be eligible to receive the dividend.