PIONEER NATURAL RESOURCES CO
pxd.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2024 10-Q, filed May 2, 2024. Its latest SEC filing is a 11-K from Jun 20, 2024.
10-Q for Q1 FY2024, filed May 2, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Explores for, develops and produces oil, natural gas liquids and gas from the Midland Basin in West Texas.
10-K for FY2023, filed Feb 22, 2024Pioneer is a Delaware corporation whose common shares are listed and traded on the NYSE. The Company is a large independent oil and gas…View ↗
How Did They Make Money?
Sells oil, natural gas liquids and gas produced from its properties to purchasers; payment follows delivery of the product.
10-K for FY2023, filed Feb 22, 2024Disaggregated revenue from contracts with purchasers. Revenues on sales of oil, NGLs, gas and purchased oil and gas are recognized when…View ↗
$19.4B
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10-K for FY2023, filed Feb 22, 2024
$19.4B ↗
Who Were Their Customers?
Oil, natural gas liquids and gas purchasers buy the company's production; the company negotiates sale prices based on market prices and delivery location.
10-K for FY2023, filed Feb 22, 2024
10-K for FY2023, filed Feb 22, 2024
Significant purchasers. During 2023, the Company's oil, NGL and gas sales to Energy Transfer Crude Marketing LLC, Shell Trading US Company…View ↗
10-K for FY2020, filed Mar 1, 2021
Significant purchasers. During 2020 the Company's oil, NGL and gas sales to Sunoco Logistics Partners L.P., Occidental Energy Marketing…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 25 cents of every revenue dollar as net income in FY2023.
10-K for FY2023, filed Feb 22, 2024
10-K for FY2023, filed Feb 22, 2024
$4.9BView ↗
How Were They Changing?
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May 3, 2024
Merger was completed
Eligible common shares were converted into the right to receive common shares under the merger terms.
Sources
8-K, filed May 3, 2024
Item 2.01View ↗
Grew. Revenue grew 2.1x in 4 years, from $9.3B in FY2019 to $19.4B in FY2023, about 20% a year.
A more focused operating area
The earlier report described operations across the Permian Basin in West Texas, while the latest report describes exploration, development and production in the Midland Basin.
10-K for FY2020, filed Mar 1, 2021 10-K for FY2023, filed Feb 22, 2024Pioneer is a large independent oil and gas exploration and production company that explores for, develops and produces oil, NGLs and gas…View ↗
Pioneer is a Delaware corporation whose common shares are listed and traded on the NYSE. The Company is a large independent oil and gas…View ↗
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