Company
Pioneer Natural Resources Company
Headquarters: Irving, TX, United States
Founded: 1997
Employees: 1,932
CEO: Mr. Scott Douglas Sheffield
Market Cap
$53.14 Billion
USD as of Jan. 1, 2023
Pioneer Natural Resources Company Categories
United States
languages
Energy
languages
Oil & Gas E&P
United States Energy
United States Oil & Gas E&P
Company Description
Pioneer Natural Resources Company, also more simply known as Pioneer, is a company engaged in hydrocarbon exploration and production. It is especially involved in oil extraction in the Permian Basin in Western Texas, together with natural gas liquids and natural gas. Pioneer also operates in associated businesses, including oil and gas technologies, royalties, and integrated services in well services and water management.
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Industry: Oil & Gas E&P
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Sector: Energy
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Detailed Description
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil, 92 million barrels of NGLs, and 462 billion cubic feet of gas; and owned interests in 11 gas processing plants. Pioneer Natural Resources Company was founded in 1997 and is headquartered in Irving, Texas.
Product & Services
PetroleumNatural gasNatural-gas condensate
Key People
Scott D. Sheffield, President & CEO Richard P. Dealy, CFO
Financials
Revenue: $6.685 billion (2020)
Net income: -$200 million (2020)
Total assets: $19.229 billion (2020)
Total equity: $11.569 billion (2020)