Pioneer Natural Resources Co's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Pioneer Natural Resources Co (PXD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Pioneer Natural Resources Co vs Its Competitors
- TTM: Trailing 12-month revenue of 19,632M vs 1,819,915M combined for its competitors (1.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-2.0% annualized vs trailing 12 months), vs decelerating (-23.9%) for its tracked peer group.
- Growth: Pioneer Natural Resources Co generated 6.0% revenue growth year over year in Q1 2024, vs 8.7% for its competitors combined.
- Profitability: Its 22.8% net margin compares with 12.7% for the peer group.
- Peer revenue share: Pioneer Natural Resources Co accounted for 1.4% of combined revenue among its tracked peer group, down from 1.4% a year earlier.
- Peer differentiation: Revenue per employee of $8.87M compares with $5.45M for the peer group (1.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
PXD Sales vs. its Competitors, Q1 2024
Pioneer Natural Resources Co reported revenue growth of 5.95 % year on year in Q1 2024, below its competitors' combined revenue growth of 8.73 %.
With a net margin of 22.76 %, Pioneer Natural Resources Co achieved higher profitability than its competitors (12.65 %).
Pioneer Natural Resources Co generated 1.37 % of the combined sales of its peer group, down from 1.41 % a year earlier.
API endpoints for this dataset
Pioneer Natural Resources Co vs. its Competitors, Q1 2024
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Pioneer Natural Resources Co reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Pioneer Natural Resources Co and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Pioneer Natural Resources Co | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Pioneer Natural Resources Co's competitor groups requires a Commercial License.
For context: the Oil And Gas Production industry grew revenue 3.2% year over year, combined, vs 6.0% for Pioneer Natural Resources Co. Pioneer Natural Resources Co's share of combined industry revenue moved from 0.34% to 0.35%, a gain of 0.01 percentage points.
Pioneer Natural Resources Co's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Pioneer Natural Resources Co | Yes | No | No | No |
| Competitors combined (111) | ||||
| High-Confidence Competitors (3) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 25.00 % (2 of 8) | 50.00 % (4 of 8) | 0.00 % (0 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
PXD Stock Performance relative to its Competitors
PXD Stock Performance relative to High-Confidence Competitors
PXD Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Blue Dolphin Energy Co | 282.9% | Outperformed |
| 2 | Sharkninja Inc | 282.9% | Outperformed |
| 3 | Gran Tierra Energy Inc | 282.9% | Outperformed |
| 4 | Calumet Inc | 282.9% | Outperformed |
| 5 | Apa Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Pioneer Natural Resources Co's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Pioneer Natural Resources Co's Comment on Competition and Industry Peers
Publicly Traded Peers of Pioneer Natural Resources Co
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Pioneer Natural Resources Co |
64,439.18 | 19,632.00 |
 Exxon Mobil Corporation |
686,784.60 | 396,627.00 |
 Chevron Corp |
420,022.00 | 215,261.00 |
 Shell Plc |
294,723.39 | 266,886.00 |
 Totalenergies Se |
193,782.34 | 162,863.00 |
 Conocophillips |
165,466.53 | 63,345.00 |
| SUBTOTAL | 2,775,273.58 | 1,849,555.24 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Pioneer Natural Resources Co versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Pioneer Natural Resources Co's Competitors Named by the Company
Competitive relationships identified from Pioneer Natural Resources Co reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Dorchester Minerals L p | Company report | 85% |
| S and w Seed Co | Company report | 85% |
| Microvision Inc | Company report | 85% |
| Sm Energy Co | Company report | 85% |
| Exxon Mobil Corporation | Company report | 85% |
| California Resources Corp | Company report | 85% |
| Ring Energy Inc | Company report | 85% |
| Devon Energy Corp | Company report | 85% |
| Murphy Oil Corporation | Company report | 85% |
| Cimarex Energy Co | Company report | 85% |
| Southwestern Energy Company | Company report | 85% |
| Conocophillips | Company report | 85% |
| Highpeak Energy Inc | Company report | 85% |
| Chevron Corp | Company report | 85% |
| Earthstone Energy Inc | Company report | 85% |
| Marathon Oil Corporation | Company report | 85% |
| Occidental Petroleum Corporation | Company report | 85% |
| Gulfport Energy Corporation | Company report | 85% |
| Civitas Resources inc | Company report | 85% |
| Silverbow Resources Inc | Company report | 85% |
| Comstock Resources Inc | Company report | 85% |
| Riley Exploration Permian Inc | Company report | 85% |
| Eog Resources Inc | Company report | 85% |
| Hess Corporation | Company report | 85% |
| Northern Oil And Gas Inc | Company report | 85% |
| Crescent Energy Company | Company report | 85% |
| Whiting Petroleum Corp | Company report | 85% |
| Callon Petroleum Co | Company report | 85% |
| Permian Resources Corporation | Company report | 85% |
| Denbury Inc | Company report | 85% |
| Diamondback Energy Inc | Company report | 85% |
| Matador Resources Company | Company report | 85% |
| Pdc Energy Inc | Company report | 85% |
| Extraction Oil and Gas Inc | Company report | 85% |
| Coterra Energy Inc | Company report | 85% |
| Vital Energy inc | Company report | 85% |
| Eqt Corporation | Company report | 85% |
| Lonestar Resources Us Inc | Company report | 85% |
| Ovintiv Inc | Company report | 85% |
| Granite Ridge Resources Inc | Company report | 85% |
| Chord Energy Corporation | Company report | 85% |
| Goodrich Petroleum Corp | Company report | 85% |
| Magnolia Oil and Gas Corp | Company report | 85% |
| Abraxas Petroleum Corp | Company report | 85% |
| Kosmos Energy Ltd | Company report | 85% |
| Trio Petroleum Corp | Company report | 85% |
| Bp Plc | Company report | 85% |
| Range Resources Corporation | Company report | 85% |
| Apa Corporation | Company report | 85% |
| Antero Resources Corporation | Company report | 85% |
| Continental Resources Inc | Company report | 85% |
| Sandridge Energy Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Pioneer Natural Resources Co's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Pioneer Natural Resources Co's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Chevron Corp | Reportable Segment, Aggregation before Other Operating 99.73 % |
| Williams companies inc | Transmission, Power & Gulf 47.62 % |
| Eog Resources Inc | United States of America 98.40 % |
| Imperial Oil Limited | Upstream 43.74 % |
| Occidental Petroleum Corporation | Oil and gas 95.12 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Pioneer Natural Resources Co's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Pioneer Natural Resources Co | 64,439 | 8,871,216 | 2,154,089 |
| Exxon Mobil Corporation | 686,785 | 6,838,397 | 707,224 |
| Chevron Corp | 420,022 | 5,001,533 | 487,116 |
| Shell Plc | 294,723 | 3,139,835 | 213,165 |
| Totalenergies Se | 193,782 | 17,683,279 | 1,450,271 |
| Conocophillips | 165,467 | 6,398,485 | 936,263 |
| PEERS TOTAL | 2,710,834 | 5,448,519 | 501,246 |
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Pioneer Natural Resources Co's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Occidental Petroleum Corporation | Non-US 20.75 % |
| Sharkninja Inc | North America 66.47 % |
| Sm Energy Co | Permian Basin 50.83 % |
| Granite Ridge Resources Inc | Permian 97.40 % |
| Gran Tierra Energy Inc | Colombia 61.41 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Pioneer Natural Resources Co's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Oil And Gas Production industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (245 companies). See the full Oil And Gas Production industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 88.87 % | 26.12 % (avg) | +62.8 pp |
| Operating Margin | 69.31 % | industry median | +51.9 pp |
| EBITDA Margin | 46.86 % | 18.45 % (avg) | +28.4 pp |
| Capital Intensity (Capex / Revenue) | 22.96 % | 27.30 % (avg) | -4.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Pioneer Natural Resources Co's Valuation vs Competitive Position
Valuation multiples vs the Oil And Gas Production industry average (245 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Oil And Gas Production industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 11.8x | 16.3x | -4.4x |
| EV / EBITDA | 6.6x | 9.5x | -2.9x |
| P/B | 2.4x | 2.0x | +0.5x |
| Return on Equity | 20.84 % | industry aggregate | 3.79 % |
| Return on Invested Capital | 26.69 % | 0.92 % (avg) | 25.77 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Pioneer Natural Resources Co's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 31.94 % | -20.75 % | 42.65 % | 72.59 % | -1.18 % | 119.04 % | 65.91 % | -20.30 % |
| Operating Margin | -14.53 % | -12.19 % | 9.13 % | 62.30 % | 69.92 % | - | 77.10 % | 70.08 % |
| Return on Invested Capital | -3.17 % | -1.90 % | 1.95 % | 21.48 % | 23.30 % | - | 35.15 % | 27.05 % |
| P/E | - | - | 27.6x | 25.3x | 30.9x | 22.0x | 7.9x | 11.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Pioneer Natural Resources Co's Strategic Group Map
Pioneer Natural Resources Co is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Pioneer Natural Resources Co's trailing-12-month revenue growth of -13.4% and operating margin of 69.3% compares with an average of -8.0% growth and 66.2% margin across its 8 closest peers by combined growth, margin and ROIC -- Pioneer Natural Resources Co sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Pioneer Natural Resources Co's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 22.96 % vs industry average 27.30 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Pioneer Natural Resources Co's dedicated Suppliers and Customers pages, not here.
Pioneer Natural Resources Co's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Pioneer Natural Resources Co falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Pioneer Natural Resources Co's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 51.9 points above the industry median.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-2.0% annualized vs trailing 12 months).
Opportunities
- Trades at a lower P/E than the industry average (11.8x vs 16.3x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-23.9% annualized).
Methodology: see Methodology: SWOT Analysis.
Pioneer Natural Resources Co's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Pioneer Natural Resources Co | 0.07 | 0.84 | 0.22 |
| Exxon Mobil Corporation | 0.12 | 1.13 | 0.16 |
| Chevron Corp | 0.01 | 1.16 | 0.21 |
| Shell Plc | 0.37 | 1.30 | 0.05 |
| Totalenergies Se | 0.28 | 0.97 | 0.02 |
| Conocophillips | 0.49 | 1.36 | 0.45 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Pioneer Natural Resources Co's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Pioneer Natural Resources Co | Q1 2024 | +5.9 % | -10.4 % |
| Exxon Mobil Corporation | Q3 2026 | +32.7 % | +98.4 % |
| Chevron Corp | Q2 2026 | +56.3 % | +385.6 % |
| Shell Plc | Q4 2025 | -6.1 % | +9.7 % |
| Totalenergies Se | Q4 2025 | -7.1 % | -16.7 % |
| Conocophillips | Q2 2026 | +36.8 % | +98.8 % |
| PEERS TOTAL | +4.2 % | +40.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Pioneer Natural Resources Co's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Pioneer Natural Resources Co | Q1 2024 | +31.4 % | -20.0 % |
| Exxon Mobil Corporation | Q3 2026 | - | -17.7 % |
| Chevron Corp | Q2 2026 | +36.3 % | +22.3 % |
| Shell Plc | Q4 2025 | - | - |
| Totalenergies Se | Q4 2025 | - | - |
| Conocophillips | Q2 2026 | +32.0 % | - |
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Pioneer Natural Resources Co's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Pioneer Natural Resources Co | 13.06% | 16.96% | 20.84% |
| Exxon Mobil Corporation | 8.87% | 9.71% | 15.39% |
| Chevron Corp | 6.40% | 6.49% | 10.85% |
| Shell Plc | 4.89% | 4.22% | 10.33% |
| Totalenergies Se | 4.59% | 11.37% | 11.37% |
| Conocophillips | 7.55% | 8.36% | 14.30% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Pioneer Natural Resources Co's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Pioneer Natural Resources Co | 13.64 | 3.28 |
| Exxon Mobil Corporation | 17.12 | 1.73 |
| Chevron Corp | 20.27 | 1.95 |
| Shell Plc | 16.52 | 1.10 |
| Totalenergies Se | 17.15 | 1.19 |
| Conocophillips | 18.07 | 2.61 |
| PEERS AVERAGE | 16.03 | 1.50 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.