Pioneer Natural Resources’ Revenue Breakdown (2018-2023)

This statistic highlights Pioneer Natural Resources’ Revenue Breakdown, split across Gas sales, NGL, Oil sales, Diesel and commodities.

Pioneer Natural Resources’ Revenue Breakdown

(All figures in USD, except percentage)

Gas sales – Oil and Gas Revenue:

Gas sales contributed $40,000,000.00 in income to the business, accounting for 7.8% of all revenue. This represents the revenue obtained from the sale of natural gas that Pioneer Natural Resources harvested and produced.

NGL sales – Oil and Gas Revenue:

NGL sales earned Pioneer Natural Resources USD 42,20,00,000.00, contributing 8.2% to the total revenue. NGLs are hydrocarbons separated from natural gas, including components such as ethane, propane, butane, and pentane.

Oil sales – Oil and Gas Revenue:

Oil sales, totalling USD 2,69,40,00,000.00, accounted for 52.1% of the total revenue, making it the company’s largest source of income. This showcases the revenue generated from the sale of its crude oil.

Sales of purchased diesel – Sales of Purchased Commodities:

Sales of purchased diesel did not occur during this period, resulting in a 0% revenue contribution.

Sales of purchased gas – Sales of Purchased Commodities:

Sales of purchased gas brought in USD 2,10,00,000.00 for Pioneer Natural Resources, representing 0.4% of total income. This is the revenue from selling natural gas originally acquired from outside vendors.

Sales of purchased oil – Sales of Purchased Commodities:

Sales of purchased oil brought in USD 1,63,50,000,000.00, contributing 31.6% of the total income. This represents the revenue obtained from selling crude oil acquired from outside sources.

This revenue breakdown highlights the varied oil and gas business of Pioneer Natural Resources. Sales of oil demonstrated the company’s success as an oil producer, generating a sizable amount of money. Additionally, gas and NGL sales showcased its operations in the natural gas sector. The revenue from sales of acquired petrol and oil indicates Pioneer Natural Resources’ capacity to broaden its product line by utilizing other resources. The company’s overall income from a variety of product categories indicates its thorough participation in the energy industry.

About Pioneer Natural Resources Company:

Pioneer Natural Resources Company’s primary business is oil and gas exploration, development, and production. The corporation locates and acquires oil and gas assets, drills wells, and extracts hydrocarbons from the earth. Pioneer prioritizes asset value maximization through efficient and responsible operations, employing sophisticated drilling techniques like horizontal drilling and hydraulic fracturing to optimize output and extract more resources from its land.

In addition to exploration and production, Pioneer Natural Resources Company is involved in several elements of the oil and gas value chain. It gathers, processes, and markets generated oil, gas, and natural gas liquids (NGLs). Pioneer operates in several basins and areas across the United States, including the prolific Permian Basin in Texas and New Mexico, one of the country’s most prolific oil and gas regions. The company’s vast land position and technological capabilities enable it to explore and produce oil and gas deposits effectively. Additionally, Pioneer continuously seeks to improve its production capabilities, providing a steady supply of precious metals for the market.

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