| Market Capitalization (Millions $) |
68,719 |
| Shares
Outstanding (Millions) |
256 |
| Employees |
2,323 |
| Revenues (TTM) (Millions $) |
16,498 |
| Net Income (TTM) (Millions $) |
3,364 |
| Cash Flow (TTM) (Millions $) |
-2,364 |
| Capital Exp. (TTM) (Millions $) |
3,226 |
Pioneer Natural Resources Co
Pioneer is a Delaware corporation whose common stock is listed and traded on the
NYSE. The Company is a large independent oil and gas exploration and production
company with current operations in the United States, South Africa and Tunisia.
Pioneer is a holding company whose assets consist of direct and indirect ownership
interests in, and whose business is conducted substantially through, its subsidiaries.
The Company's executive offices are located at 5205 N. O'Connor Blvd., Suite
200, Irving, Texas 75039. The Company's telephone number is (972) 444-9001.
The Company maintains other offices in Anchorage, Alaska; Denver, Colorado;
Midland, Texas; London, England; Capetown, South Africa and Tunis, Tunisia.
The Company is an independent oil and gas exploration and production company.
Pioneer's purpose is to competitively and profitably explore for, develop and
produce oil and gas reserves. In so doing, the Company sells homogenous oil,
NGL and gas units which, except for geographic and relatively minor quality
differences, cannot be significantly differentiated from units offered for sale
by the Company's competitors. Competitive advantage is gained in the oil and
gas exploration and development industry by employing well-trained experienced
personnel who make prudent capital investment decisions, embrace technological
innovation and are focused on price and cost management.
The Company. The Company's asset base is anchored by the Spraberry oil field located
in West Texas, the Raton gas field located in southern Colorado, the Hugoton gas
field located in southwest Kansas and the West Panhandle gas field located in
the Texas Panhandle. Complementing these areas, the Company has exploration and
development opportunities and/or oil and gas production activities in the Edwards
Trend area of South Texas, the Barnett Shale area of North Texas, the Gulf of
Mexico shelf, Mississippi and Alaska, and internationally in South Africa and
Tunisia. Combined, these assets create a portfolio of resources and opportunities
that are well balanced among oil, NGLs and gas, and that are also well balanced
among long-lived, dependable production, lower-risk exploration and development
opportunities and a limited number of higher-impact exploration opportunities.
Additionally, the Company has a team of dedicated employees that represent the
professional disciplines and sciences that will allow Pioneer to maximize the
long-term profitability and net asset value inherent in its physical assets.
Competition. The oil and gas industry is highly competitive. A large number of
companies, including major integrated and other independent companies, and individuals
engage in the exploration for and development of oil and gas properties, and there
is a high degree of competition for oil and gas properties suitable for development
or exploration. Acquisitions of oil and gas properties have been an important
element of the Company's growth. The Company intends to continue to acquire oil
and gas properties that complement its operations, provide exploration and development
opportunities and potentially provide superior returns on investment. The principal
competitive factors in the acquisition of oil and gas properties include the staff
and data necessary to identify, evaluate and acquire such properties and the financial
resources necessary to acquire and develop the properties. Higher recent commodity
prices have increased the cost of oil and gas properties available for acquisition.
Many of the Company's competitors are substantially larger and have financial
and other resources greater than those of the Company.
Company Address: 777 Hidden Ridge Irving 75038 TX
Company Phone Number: 444-9001 Stock Exchange / Ticker: NYSE PXD
| PXD is expected to report next financial results on August 04, 2022. |
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