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Pioneer Natural Resources Co

Pioneer Natural Resources Company, a U.S.-based and headquartered independent oil and gas exploration and production company. The Company explores for, produces, and sells oil and gas in the United States, principally in the Permian Basin in West Texas. Pioneer Natural Resources was founded in 1967 and is headquartered in Irving, Texas, United States.

The company's operations are primarily focused on the Permian Basin. Its operations primarily focus on the Permian Basin in West Texas. The business has a sizable acreage position in the basin, and its strategy is to raise output and reserves while cutting operating expenses. Additionally, Pioneer Natural Resources follows a strategy of applying advanced technology, including horizontal drilling and hydraulic fracturing to increase hydrocarbon recovery.

Pioneer Natural Resources also sells numerous products, including crude oil, NGLs, and natural gas. The business has a long-running history of returning capital to its shareholders through a sizable dividend payment and share buybacks.

Pioneer Natural Resources (PXD) is listed on the New York Stock Exchange and is a member of the S&P 500 index.