Pioneer Natural Resources Co (PXD)
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PXD Chart
Exxon lays off 59 workers, starts job cuts after Pioneer acquisition close
Exxon Mobil Corp is laying off 59 employees, including 10 in the Permian Basin and 39 in Dallas, according to a filing with the Texas Workforce Commision.
Exxon signals Q2 below market consensus, excluding Pioneer buy
Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter.
Senate Democrats accuse oil companies of collusion with OPEC, demand DOJ investigation
Nearly two dozen Democratic senators, led by Majority Leader Chuck Schumer, D-N.Y., wrote a letter to the Justice Department urging a probe of alleged collusion between the oil industry and OPEC.
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Pioneer Natural Resources Co Profile
| - Industry | - Sector | Mr. Richard P. Dealy CEO | NYSE Exchange | 723787107 CUSIP |
| US Country | 2,213 Employees | 1 Mar 2024 Last Dividend | - Last Split | 8 Aug 1997 IPO Date |
Overview
Pioneer Natural Resources Company, founded in 1997, marks its presence as a notable independent oil and gas exploration and production entity based in the United States. With its headquarters firmly established in Irving, Texas, it stands out in the industry by focusing on the exploration, development, and production of oil, natural gas liquids (NGLs), and gas. The company's strategic operations are primarily concentrated in the Midland Basin, nestled in the heart of West Texas, positioning it as a key player in the region's burgeoning energy sector.
Products and Services
- Oil Exploration and Production
Pioneer Natural Resources specializes in the exploration and production of oil, tapping into the vast resources located in the Midland Basin of West Texas. This involves using advanced technology and practices to efficiently locate, extract, and process crude oil for various uses across industries.
- Natural Gas Liquids (NGLs) Development
In addition to crude oil, the company puts a significant emphasis on the development and production of Natural Gas Liquids (NGLs). These NGLs, which include substances like ethane, propane, and butane, are essential for a wide range of applications from heating fuels to feedstock for petrochemical manufacturing.
- Gas Production
The exploration and extraction of gas complement Pioneer Natural Resources' portfolio. The company's activities in this sector involve the production of natural gas, a cleaner energy source, which is in increasing demand worldwide for electricity generation, heating, and as a fuel for certain vehicles.
