ExxonMobil Merger-Bound Pioneer Natural Resources’ Q4 Performance: Earnings Miss, Dividend Bliss



Pioneer Natural Resources Company (NYSE:PXD) reported fourth-quarter FY23 oil & gas revenue of $3.386 billion, missing the consensus of $4.04 billion.

Production came in at 746 thousand barrels of oil equivalent per day (MBOEPD) vs. 662 MBOEPD a year ago, with oil production of 381 MBOEPD compared to 351 MBOEPD the prior year.

For the fourth quarter of 2023, the company recorded the average realized price for oil of $78.47 per barrel, average realized price for natural gas liquids (NGLs) of $23.25 per barrel, and the average realized price for gas …

Full story available on Benzinga.com


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