Pioneer Natural Resources Co

Oil and gas producer Pioneer Natural Resources Co <PXD.N> reported a lower-than-expected quarterly profit on Wednesday, as the COVID-19 pandemic muted fuel demand and hit crude prices.

Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc in a deal valued at about $4.5 billion, the latest consolidation among U.S. shale producers slammed by the rout in oil prices during the pandemic.

Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and executives said.

Pioneer Natural Resources Co said on Tuesday it would buy smaller rival Parsley Energy Inc for $7.6 billion, including debt.

Consolidation in the U.S. shale industry is accelerating, ratcheting up pressure on oil and gas producers to gobble up smaller rivals, analysts and executives said.

Pioneer Natural Resources Co said on Wednesday it has appointed current Chief Financial Officer Richard Dealy as president and chief operating officer of the U.S. shale producer.

Two U.S. shale oil producers, Pioneer Natural Resources Co and Parsley Energy Inc, are planning to trim staff in coming days, people familiar with the matter said on Monday, after each posted large second-quarter losses.

Pioneer Natural Resources <PXD.N> and Devon Energy Corp <DVN.N> plan a variable dividend, executives at the U.S. shale producers said on Wednesday as companies in the battered sector seek ways to reward shareholders after years of poor returns.

U.S. shale producer Pioneer Natural Resources plans a variable dividend to be paid starting in 2022, Chief Executive Scott Sheffield said on Wednesday.

Pioneer Natural Resources Co on Tuesday posted a quarterly loss that was smaller than estimates, as the U.S shale producer reined in costs to cushion a blow from the coronavirus-induced plunge in oil prices.

U.S shale producer Pioneer Natural Resources Co posted a bigger quarterly loss on Tuesday, as crude prices dropped due to excess supply and a plunge in demand caused by the COVID-19 pandemic.

U.S. shale producer Pioneer Natural Resources expects oil prices to recover to at least $45 per barrel this year, its chief executive said on Thursday.

Marathon Oil Corp <MRO.N> and Pioneer Natural Resources Co <PXD.N> on Wednesday detailed new plans to cut costs, as the U.S. oil producers seek ways to overcome a slump in crude prices due to excess supply and a plunge in demand owed to the COVID-19 pandemic.

Shale driller Pioneer Natural Resources Co increased its spending cuts and lowered its annual output target on Wednesday as oil prices slumped owing to excess supply and a plunge in demand due to the COVID-19 pandemic.

Texas shale producers Pioneer Natural Resources and Parsley Energy on Monday formally asked Texas regulators to curtail oil production for the first time in nearly 50 years.

Two of the biggest oil producers in Texas are asking the state regulator to consider curtailing the amount of oil companies can pump, in a move to stem a dramatic collapse in prices that has not been taken since the 1970s.

The chief executive of Pioneer Natural Resources, Scott Sheffield, on Thursday called on energy investors to sell shares or pull funding from companies that have rates of natural gas flaring.

Shares of U.S. shale producers Concho Resources <CXO.N>, Devon Energy <DVN.N> and Diamondback Energy <FANG.O> rose on Wednesday after the companies hiked dividends and posted profits that beat Wall Street expectations.

Pioneer Natural Resources Co <PXD.N> on Wednesday beat analysts' estimates for quarterly profit on the back of higher output, and became the latest shale producer to raise its quarterly dividend.