Pioneer Natural Resources

Pioneer Natural Resources Company

Company type	Public company
Traded as	NYSE: PXD
Industry	Petroleum industry
Founded	1997; 27 years ago (1997)
Headquarters	Irving, Texas
Key people	Richard P. Dealy, President & CEO
Products	Petroleum Natural gas Natural-gas condensate
Production output	617 thousand barrels of oil equivalent (3,770,000 GJ) per day (2022)
Revenue	$24.294 billion (2022)
Net income	$7.845 billion (2022)
Total assets	$35.740 billion (2022)
Total equity	$22.541 billion (2022)
Number of employees	2,076 (2022)
Website	pxd.com
Footnotes / references [1]

Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operates in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company is the largest acreage holder.^[1][2][3] Pioneer is presently undergoing an acquisition by ExxonMobil, which in October 2023 agreed to acquire the company in the largest merger in the energy industry in 20 years; closing is expected in the first half of 2024.^[4][5]

The company is ranked 164th on the Fortune 500.^[6]

As of December 31, 2022, the company had 2.376 billion barrels of oil equivalent (1.454×10¹⁰ GJ) of proved reserves, of which 41% was petroleum, 23% was natural gas liquids, and 28% was natural gas. In 2022, the company produced 649 thousand barrels of oil equivalent (3,970,000 GJ) per day, of which 58% was petroleum, 23% was natural gas liquids, and 19% was natural gas.^[1]