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Independent Oil Gas

Pioneer Natural Resources Company, is a publicly traded company listed on the NYSE stock exchange under the ticker symbol "PXD". The company is a large independent oil and gas exploration and production company operating in the United States.

Here are some key points to know about Pioneer Natural Resources:

1. The company focuses its operations primarily in the Permian Basin area in West Texas.

2. Pioneer Natural Resources has been in operation for over 100 years, and was founded in 1928.

3. The company's mission is to deliver 'Excellence in Everything We Do' and strives to maintain themselves as a 'low-cost, high-margin' producer.

4. They believe their scale, differentiated assets, operational execution and financial strength position them for long-term success.

In terms of financials, Pioneer Natural Resources has consistently shown earnings growth over the past few years, with net income of $2,142 million in 2022, compared to $1,444 million in 2021. Their net sales for 2022 were $14,609 million. The company also pays a dividend to shareholders.

As of December 31, 2922, Pioneer Natural Resources registered 7,384 net wells, of which 4,656 are in the Permian Basin area. They have approximately 810,000 gross acres in the Permian Basin. In 2022, the company announces the divestiture of their Eagle Ford asset and the purchase of an additional 16,800 acres in the northern Midland Basin.

Pioneer is leading the way by consistently delivering R&D programs focused on crucial areas of operations. Their programs aim to optimize oil recovery, lower costs, and improve the safety and efficiency of their operations.

The company aims for a net-zero emissions target by 2050. In 2022, they set and published a new GHG Emissions Policy which outlines their planned efforts.