PXD on NYSE

Pioneer Natural Resources

Logo: Pioneer Natural Resources, Public domain, via Wikimedia Commons4

American energy company

Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

1997Founded1

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  • TickerPXD on NYSE1
  • Industrypetroleum industry1
  • HeadquartersIrving1
  • Websitewww.pxd.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address777 Hidden Ridge, Irving, Tx 750385
  • Filer categoryLarge accelerated filer5

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Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. In May 2024, the company was acquired by ExxonMobil.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

25.3%Net margin7
-20.3%Revenue growth, 20237
21.1%Return on equity7
0.21×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Other costs67¢$13.0B
  • Interest1¢$153.0M
  • Income tax7¢$1.4B
  • Profit25¢$4.9B

Out of $19.4B in revenue.7

Where each dollar of operating cash went, fiscal 2023

  • Dividends paid39¢$3.3B
  • Share buybacks8¢$701.0M
  • Kept or used elsewhere53¢$4.4B

Out of $8.4B of cash from operations.7

Financial statements

Revenue8910117$19.4B in 2023+255% since 2017
0$10.0B$20.0B$30.0B2017: $5.5B$5.5B20172018: $9.4B$9.4B2018+73%2019: $9.3B$9.3B2019−1%2020: $6.7B$6.7B2020−28%2021: $14.6B$14.6B2021+119%2022: $24.3B$24.3B2022+66%2023: $19.4B$19.4B2023−20%
Net income8910117$4.9B in 2023+488% since 2017
-$2.5B0$2.5B$5.0B$7.5B$10.0B2017: $833.0M$833.0M20172018: $978.0M$978.0M2018+17%2019: $773.0M$773.0M2019−21%2020: -$200.0M-$200.0M20202021: $2.1B$2.1B20212022: $7.8B$7.8B2022+270%2023: $4.9B$4.9B2023−38%
Fiscal year2017201820192020202120222023
Revenue$5.5B8$9.4B9$9.3B10$6.7B11$14.6B7$24.3B7$19.4B7
Interest$153.0M8$126.0M9$121.0M10$129.0M11$161.0M7$128.0M7$153.0M7
Income tax-$524.0M8$276.0M9$235.0M10-$61.0M11$628.0M7$2.1B7$1.4B7
Net income$833.0M8$978.0M9$773.0M10-$200.0M11$2.1B7$7.8B7$4.9B7
Earnings per share$4.868$5.719$4.6010-$1.2111$9.067$32.617$20.897
Earnings per share (diluted)$4.858$5.709$4.5910-$1.2111$8.617$31.137$20.217

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The story

Pioneer Natural Resources was created in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc., owned by Thomas Boone Pickens.

In May 2016, CEO and chairman Scott D. Sheffield was succeeded by Timothy Dove. Sheffield returned to the roles in 2019 after Dove's retirement. In January 2024, Richard P. Dealy was named as CEO.

Acquisition by ExxonMobil

In May 2024, in the largest merger in the petroleum industry in 20 years, Pioneer was acquired by ExxonMobil, making ExxonMobil the largest producer of shale gas in the Permian Basin.

Approval for the transaction from the Federal Trade Commission (FTC) was accompanied by a consent decree alleging that former Pioneer CEO Scott D. Sheffield colluded with OPEC to raise oil prices and making the merger conditional on Sheffield's being barred from joining ExxonMobil's board of directors or serving as an advisor to Exxon after the merger.

Antitrust lawsuit

In January 2024, a class action lawsuit was filed by drivers in three US states accusing Pioneer, along with seven other oil and gas producers, of an illegal price fixing scheme to constrain production of shale oil that led to American drivers paying more for gasoline than they would have in a competitive market. In May 2024, plaintiffs asked for the communications records of former CEO Scott Sheffield.

Philanthropy

Pioneer Natural Resources operated an extensive philanthropic program focused on education, disaster relief, and community development through various charitable initiatives and partnerships. In 2022, the company contributed nearly $8 million in social investments and employee-led giving to hundreds of charities in the Permian Basin and Dallas-Fort Worth area.

From Wikipedia’s article on Pioneer Natural Resources, shared under CC BY-SA 4.0.6

Leadership

Who has led Pioneer Natural Resources, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Scott D. Sheffield2006–2023
  2. Timothy L. Dove2017–2019
  3. Richard P. Dealy2024

Chair

  1. Scott D. Sheffield2006–2017

President

  1. Timothy L. Dove2006–2019
  2. Scott D. Sheffield2019–2020
  3. Richard P. Dealy2021–2024

Chief financial officer

  1. Richard P. Dealy2006–2020
  2. Neal H. Shah2021–2024

Chief operating officer

  1. Timothy L. Dove2006–2016
  2. Richard P. Dealy2021–2023
200020052010201520202025
Board members and other officers (51)

Products and brands

  • petroleum

Listed on Wikidata.1

Timeline

  1. Jan 3, 2024New chief executive Richard P. Dealy becomes CEO17
  2. Jan 4, 2017New chief executive Timothy L. Dove becomes CEO18
  3. Feb 16, 2006New chief executive Scott D. Sheffield becomes CEO19
  4. 1997Founded Founded1

Filings

349 filings to the SEC since October 2021: 4 annual reports, 8 quarterly reports, 49 major events, 187 insider forms, 18 large holders, 83 other. The latest 20:

  1. Jun 20, 202411-K EDGAR
  2. May 13, 202415-12G EDGAR
  3. May 8, 2024EFFECT EDGAR
  4. May 8, 2024EFFECT EDGAR
  5. May 8, 2024EFFECT EDGAR
  6. May 8, 2024EFFECT EDGAR
  7. May 8, 2024EFFECT EDGAR
  8. May 8, 2024EFFECT EDGAR
  9. May 3, 2024POSASR POSASR REGISTRATION NUMBER: 333-218255 EDGAR
  10. May 3, 2024POSASR EDGAR
  11. May 3, 2024POSASR EDGAR
  12. May 3, 2024POSASR POSASR REGISTRATION NUMBER: 333-174402 EDGAR
  13. May 3, 2024POSASR POSASR REGISTRATION NUMBER: 333-174402 EDGAR
  14. May 3, 2024POSASR EDGAR
  15. May 3, 2024POSASR EDGAR
  16. May 3, 2024POS AM EDGAR
  17. May 3, 2024POS AM POS AM REGISTRATION NUMBER 333-44439 EDGAR
  18. May 3, 2024POS AM EDGAR
  19. May 3, 2024POS AM EDGAR
  20. May 3, 2024POS AM EDGAR

The 349 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 18 such filings since October 2021, the latest 10:

  1. Feb 13, 2024SC 13G/A
  2. Feb 9, 2024SC 13G/A
  3. Jan 30, 2024SC 13G/A
  4. Jan 26, 2024SC 13G/A
  5. Feb 13, 2023SC 13G/A
  6. Feb 9, 2023SC 13G/A
  7. Feb 7, 2023SC 13G/A
  8. Feb 6, 2023SC 13G/A
  9. Jan 31, 2023SC 13G/A
  10. Mar 9, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Members of Congress who traded it

34 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 3, 2024Kevin HernRepublican, HouseExchange$100,001 - $250,000Report
Mar 22, 2024Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Dec 22, 2023Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Sep 21, 2023Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Sep 8, 2023Lois FrankelDemocratic, HouseSale$1,001 - $15,000Report
Aug 22, 2023Dan SullivanRepublican, SenateSale$1,001 - $15,000Report
Jun 21, 2023Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Mar 17, 2023Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Feb 1, 2023Kevin HernRepublican, HouseSale$1,000,001 - $5,000,000Report
Jan 10, 2023Dan SullivanRepublican, SenatePartial sale$1,001 - $15,000Report
Dec 15, 2022Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Dec 15, 2022Kevin HernRepublican, HouseBuy$15,001 - $50,000Report
Dec 12, 2022Christopher L. Jacobs, HouseBuy$1,001 - $15,000Report
Sep 16, 2022Kevin HernRepublican, HouseBuy$15,001 - $50,000Report
Sep 16, 2022Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Jun 14, 2022Kevin HernRepublican, HouseBuy$15,001 - $50,000Report
Jun 14, 2022Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Apr 27, 2022Lois FrankelDemocratic, HouseBuy$1,001 - $15,000Report
Mar 30, 2022Lois FrankelDemocratic, HouseBuy$1,001 - $15,000Report
Mar 14, 2022Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Mar 14, 2022Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Mar 14, 2022Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Jan 14, 2022Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Dec 14, 2021Kevin HernRepublican, HouseBuy$1,001 - $15,000Report
Dec 14, 2021Kevin HernRepublican, HouseBuy$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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