Pioneer Natural Resources Declares Third Quarter Dividend on Common Shares
01 Agosto 2023 - 5:15PM
Business Wire
Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer"
or "the Company") announced today that its Board of Directors
declared a quarterly base-plus-variable cash dividend of $1.84 per
common share. The dividend is payable September 21, 2023, to
stockholders of record at the close of business on September 6,
2023.
About Pioneer
Pioneer is a large independent oil and gas exploration and
production company, headquartered in Dallas, Texas, with operations
in the United States. For more information, visit Pioneer’s website
at www.pxd.com.
Note: Future dividends, whether base or variable, are
authorized and determined by the Company's Board of Directors in
its sole discretion. Decisions regarding the payment of dividends
are subject to a number of considerations at the time, including
without limitation, the Company's liquidity and capital resources,
the Company's results of operations and anticipated future results
of operations, the level of cash reserves the Company maintains to
fund future capital expenditures or other needs, and other factors
that the Board of Directors deems relevant. The Company can provide
no assurance that dividends will be authorized or declared in the
future or the amount of any future dividends. Any future variable
dividends, if declared and paid, will by their nature fluctuate
based on the Company’s free cash flow1, which will depend on a
number of factors beyond the Company’s control, including commodity
prices.
Footnote 1: As used by the Company, free cash flow is defined as
net cash provided by operating activities, adjusted for changes in
operating assets and liabilities, less capital expenditures.
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Investors Greg Wright – 972-969-1770 Chris Leypoldt –
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972-969-5706
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