Pioneer Natural Resources Company Overview
Pro stress-test →Pioneer Natural Resources is an independent oil and gas exploration and production company in the United States that explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. The leading upstream energy firm primarily has operations in the Permian, the most prolific basin in the United States.
Strategic Profile
Pro stress-test →As of May 3, 2024, Pioneer Natural Resources Company operates as a subsidiary of Exxon Mobil Corporation. The company continues to be publicly traded on the NYSE under ticker PXD, maintaining operational independence while leveraging its parent company's resources and scale in the energy sector.
Competitive Landscape
Pro stress-test →Pioneer competes with major integrated oil and gas companies including Exxon Mobil (parent), Chevron, ConocoPhillips, and independent E&P producers in the Permian Basin. The acquisition by Exxon Mobil has consolidated Permian leadership, reducing direct competitive pressure from independent rivals while integrating with a global energy major.
Industry Context
Pioneer Natural Resources Company operates in Petroleum Exploration & Production (E&P).
Key facts
Founded: 1997 · Headquarters: Irving, Texas, US · Employees: 2,213 · Revenue: $24.3B (2022) · Market cap: $63.0B