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Pioneer Natural Resources Co (PXD.N)

PXD.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Pioneer Natural Resources Plans 20 Permian Rigs for 2018
Wednesday, 7 Feb 2018 10:24am EST 

Feb 7 (Reuters) - Pioneer Natural Resources Co ::CHIEF EXECUTIVE TIM DOVE SAYS WILL KEEP 20 RIGS IN PERMIAN THIS YEAR.CEO SAYS EXPECTS INDUSTRY INFLATION OF 10 TO 15 PERCENT FOR THE YEAR.CEO SAYS WILL INCLUDE SHAREHOLDER RETURNS METRICS IN EXECUTIVE COMPENSATION PLAN FOR 2018.CEO SAYS Q1 PRODUCTION DOWN BY 6,000 BOE/D DUE TO COLD WEATHER IN JANUARY.  Full Article

Pioneer Natural Resources Reports Q4 Earnings Per Share $3.87
Tuesday, 6 Feb 2018 04:08pm EST 

Feb 6 (Reuters) - Pioneer Natural Resources Co ::MPANY REPORTS FOURTH QUARTER 2017 FINANCIAL AND OPERATING RESULTS AND ANNOUNCES 2018 CAPITAL PROGRAM.Q4 EARNINGS PER SHARE $3.87.Q4 ADJUSTED EARNINGS PER SHARE $1.22.‍CAPITAL BUDGET FOR 2018 IS $2.9 BILLION​.PRODUCED 305,000 BARRELS OIL EQUIVALENT PER DAY IN Q4, AN INCREASE OF 29 MBOEPD, OR 11%, COMPARED TO Q3 OF 2017.‍TOTAL PRODUCTION IS FORECASTED TO AVERAGE BETWEEN 304 MBOEPD TO 314 MBOEPD FOR Q1​.‍PERMIAN BASIN PRODUCTION IS FORECASTED TO AVERAGE BETWEEN 252 MBOEPD TO 260 MBOEPD FOR Q1​.‍Q1 PRODUCTION WAS NEGATIVELY IMPACTED BY PROLONGED FREEZING TEMPERATURES IN EARLY JANUARY​.‍SHUT-IN PRODUCTION AND COMPLETION DELAYS ARE EXPECTED TO RESULT IN PRODUCTION LOSSES OF ABOUT 6 MBOEPD FOR Q1​.PIONEER NATURAL RESOURCES - QTRLY REVENUES AND OTHER INCOME $1,526 MILLION VERSUS $1,028 MILLION.‍SALES VOLUMES FOR Q4 OF 2017 AVERAGED 305 MBOEPD​.‍FORECASTING PERMIAN BASIN OIL PRODUCTION GROWTH IN 2018 RANGING FROM 19% TO 24% COMPARED TO 2017​.‍TOTAL PERMIAN BASIN PRODUCTION IN 2018, ON A BOE BASIS, IS FORECASTED TO GROW BY 19% TO 24% COMPARED TO 2017​.EXPECTING TO REPAY MAY 2018 DEBT MATURITY OF $450 MILLION FROM CASH ON HAND.  Full Article

Pioneer Natural Resources Increases Dividend On Common Shares And Announces Common Share Repurchase Program
Tuesday, 6 Feb 2018 04:07pm EST 

Feb 6 (Reuters) - Pioneer Natural Resources Co ::PIONEER NATURAL RESOURCES COMPANY INCREASES DIVIDEND ON COMMON SHARES AND ANNOUNCES COMMON SHARE REPURCHASE PROGRAM.PIONEER NATURAL RESOURCES - ‍BOARD APPROVED COMMON STOCK REPURCHASE PROGRAM TO OFFSET IMPACT OF DILUTION ASSOCIATED WITH ANNUAL EMPLOYEE STOCK AWARDS​.PIONEER NATURAL RESOURCES CO - ‍STOCK REPURCHASE PROGRAM ALLOWS FOR UP TO $100 MILLION OF COMMON STOCK TO BE REPURCHASED DURING 2018​.PIONEER NATURAL RESOURCES - BOARD APPROVED STOCK REPURCHASE PROGRAM FOR UP TO $100 MILLION OF COMMON STOCK TO BE REPURCHASED DURING 2018.  Full Article

Pioneer Natural Sees Federal Corporate Rate Change To Result In Noncash Decrease To Income Tax Provision
Wednesday, 10 Jan 2018 06:25am EST 

Jan 10 (Reuters) - Pioneer Natural Resources Co ::PIONEER NATURAL-SEES FEDERAL CORPORATE RATE CHANGE TO RESULT IN NONCASH DECREASE TO INCOME TAX PROVISION OF ABOUT $600 MILLION FOR QUARTER ENDED DEC 31.PIONEER NATURAL - EXPECTS CERTAIN ASPECTS OF CHANGES TO FEDERAL INCOME TAX LAW TO POSITIVELY IMPACT FUTURE AFTER-TAX EARNINGS.  Full Article

Pioneer Natural expects to boost exports of U.S. crude in 2018
Thursday, 2 Nov 2017 10:59am EDT 

Nov 2 (Reuters) - Pioneer Natural Resources Co PXD.N:Chief Executive Tim Dove says has hedged more than 80 percent of 2018 oil production.CEO says expects to export 2.3 million barrels of oil in fourth quarter.CEO says by end of 2018 could be exporting 100,000 barrels/day.CEO says seeing price increases in frack fleets in south Texas.  Full Article

Pioneer Natural Resources Co reports Q3 loss per share $0.13
Wednesday, 1 Nov 2017 04:03pm EDT 

Nov 1 (Reuters) - Pioneer Natural Resources Co :Pioneer natural resources company reports third quarter 2017 financial and operating results.Q3 loss per share $0.13.Q3 earnings per share view $0.30 -- Thomson Reuters I/B/E/S.Pioneer Natural Resources Co says ‍adjusted results for Q3 were earnings of $80 million after tax, or $0.48 per diluted share.​.Pioneer Natural Resources Co says ‍company's capital budget for 2017 is being increased from $2.7 billion to $2.75 billion​.In Q3 production of 276 thousand barrels oil equivalent per day (MBOEPD), up 17 MBOEPD compared to Q2 2017.Pioneer Natural Resources Co says Q4 ‍production costs are expected to average $7.50 per BOE to $9.50 per BOE​.Q4 production is forecasted to average 292 MBOEPD to 302 MBOEPD.Qtrly total revenues and other income $1.46 billion versus $1.19 billion.Q3 revenue view $1.04 billion -- Thomson Reuters I/B/E/S.  Full Article

Pioneer Natural Resources company announces third quarter production and realizations
Thursday, 12 Oct 2017 08:30am EDT 

Oct 12 (Reuters) - Pioneer Natural Resources Co :Pioneer Natural Resources Co - ‍production for Q3 of 2017 was 276 thousand barrels oil equivalent per day, an increase of 17 mboepd from Q2​.Pioneer Natural Resources Co- ‍total oil production for Q3 was 162 thousand barrels per day (mbpd), an increase of 15 mbpd, or 10 percent from Q2 of 2017​.Pioneer Natural Resources Co - ‍ Pioneer continues to expect full-year 2017 production growth to be within its targeted growth range of 15 percent to 16 percent​.Pioneer Natural Resources Co - ‍oil production for FY 2017 continues to be targeted within a range of 156,000 barrels oil per day to 158,000 bopd​.Pioneer - ‍Q3 production was negatively impacted by 3,500 boepd due to effects of Hurricane Harvey on co's Praberry/Wolfcamp, South Texas operations​.Pioneer Natural - ‍Q3 production negatively impacted also due to unplanned downtime at facility where gas from co's West Panhandle field is processed​.  Full Article

Pioneer Natural Resources says half of oil production hedged for 2018
Wednesday, 2 Aug 2017 11:58am EDT 

Aug 2 (Reuters) - Pioneer Natural Resources Co :Says half of oil production hedged for 2018.Says Permian exports will be 'increasing through time' to Europe, Asia and elsewhere.CEO says Q2 well completion delays in Permian were due to unexpected changes in well pressures.CEO says well pressure issue has been solved with new casing design.CEO says new well casing design to offset pressure issue boosts costs by $300,000 to $400,000 per well.CEO: 'There is no change to our 10-year growth target'.CEO: '2018 is shaping up as a very strong year for the company'.  Full Article

Pioneer Natural Resources Company Q2 earnings per share $1.36
Tuesday, 1 Aug 2017 04:05pm EDT 

Aug 1 (Reuters) - Pioneer Natural Resources Co :Pioneer Natural Resources Company reports second quarter 2017 financial and operating results.Q2 earnings per share $1.36.Q2 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Pioneer Natural Resources Co - Q2 adjusted earnings per share $0.21 per diluted share.Pioneer Natural Resources qtrly production 259 thousand barrels oil equivalent per day (mboepd), of which 57% was oil, up by 10 mboepd from q1 2017.Pioneer Natural Resources - expecting 2017 production growth to be 15% to 16%, low end of company's forecasted 15% to 18% targeted growth range.Company's capital budget for 2017 is being reduced from $2.8 billion to $2.7 billion.Production is forecasted to average 274 mboepd to 279 mboepd for q3 2017.Pioneer Natural Resources Co - q2 revenues and other income $1,630 million versus $ 786 million.Production costs are expected to average $7.75 per BOE to $9.75 per boe for q3 2017.  Full Article

Pioneer Natural Resources files for potential mixed shelf
Friday, 26 May 2017 09:32am EDT 

May 26 (Reuters) - Pioneer Natural Resources Co : :Pioneer natural resources co files for potential mixed shelf, size not disclosed .  Full Article