Pioneer Natural Resources Co

U.S. shale producer Pioneer Natural Resources on Tuesday reported a better-than-expected gain of $177 million for the fourth quarter as crude oil prices recovered from pandemic-driven lows.

U.S. shale producer Pioneer Natural Resources on Tuesday reported a better-than-expected gain of $177 million for the fourth quarter as crude oil prices improved from pandemic-driven lows.

Oil and gas producers Occidental Petroleum and Pioneer Natural Resources have pushed back their fourth-quarter earnings announcements, citing impacts from the harsh winter weather occurring across Texas.

Parsley Energy will lay off most of its Austin, Texas workforce as part of its sale to Pioneer Natural Resources, according to a notice to the Texas Workforce Commission posted on Friday.

Pioneer Natural Resources Co set targets to reduce its GHG (greenhouse gas) and methane emissions on Wednesday, becoming the latest oil and gas company to set long-term climate goals.

Global oil demand will likely recover to its pre-pandemic levels of 100 million barrels per day (bpd) by 2022 or early 2023, Pioneer Natural Resources Chief Executive Scott Sheffield said on Tuesday.

Shale producer Pioneer Natural Resources Co said on Friday it would reinstate full salaries of its chief executive officer and other executives in 2021, after cutting them earlier this year as the COVID-19 pandemic crushed oil prices.

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.