Pioneer Natural Resources Company (PXD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
777 HIDDEN RIDGE IRVING, TX 75038 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 240 | 1,032 | 3,905 | 1,442 | 631 | 1,268 | |||
| Cash and cash equivalent | 240 | 1,032 | 3,847 | 1,442 | 631 | 825 | |||
| Short-term investments | 58 | 443 | |||||||
| Restricted cash and investments | 37 | 59 | 74 | ||||||
| Receivables | 1,590 | 1,853 | 1,685 | 699 | 1,042 | 821 | |||
| Inventory, net of allowances, customer advances and progress billings | 476 | 424 | 369 | 224 | 205 | 242 | |||
| Inventory | 476 | 424 | 369 | 224 | 205 | 242 | |||
| Derivative instruments and hedges, assets | 5 | 32 | 52 | ||||||
| Other current assets | 81 | 42 | 43 | 20 | 25 | ||||
| Other undisclosed current assets | 299 | 336 | 135 | 123 | 187 | 172 | |||
| Total current assets: | 2,605 | 3,726 | 6,173 | 2,595 | 2,191 | 2,580 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 398 | 340 | 348 | 197 | 280 | ✕ | |||
| Property, plant and equipment | 1,656 | 1,658 | 1,694 | 1,584 | 1,632 | 1,291 | |||
| Oil and gas, successful efforts method, property and equipment, after accumulated depreciation, depletion, amortization, and impairment | 31,533 | 29,630 | 28,182 | 14,439 | 14,445 | 13,548 | |||
| Long-term investments and receivables | 125 | ||||||||
| Long-term investments | 125 | ||||||||
| Intangible assets, net (including goodwill) | 242 | 243 | 243 | 261 | 261 | 264 | |||
| Goodwill | 242 | 243 | 243 | 261 | 261 | 264 | |||
| Other noncurrent assets | 179 | 143 | 171 | 150 | 258 | 95 | |||
| Other undisclosed noncurrent assets | 3 | ||||||||
| Total noncurrent assets: | 34,008 | 32,014 | 30,638 | 16,634 | 16,876 | 15,323 | |||
| TOTAL ASSETS: | 36,613 | 35,740 | 36,811 | 19,229 | 19,067 | 17,903 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,537 | 2,583 | 2,478 | 967 | 1,277 | 1,496 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 53 | 35 | 53 | 53 | ||
| Taxes payable | ✕ | ✕ | ✕ | 45 | 4 | 3 | 2 | ||
| Accounts payable | 2,449 | 2,487 | 2,380 | 928 | 1,221 | 1,441 | |||
| Accrued liabilities | 88 | 96 | |||||||
| Debt | 49 | 799 | 262 | 157 | 586 | ||||
| Derivative instruments and hedges, liabilities | 53 | 44 | 538 | 234 | 12 | 27 | |||
| Asset retirement obligation | 90 | 82 | 55 | 42 | |||||
| Other liabilities | 181 | 206 | 513 | 363 | 431 | 112 | |||
| Due to related parties | ✕ | ✕ | 150 | 179 | 102 | 190 | 183 | ||
| Other undisclosed current liabilities | 64 | 23 | 48 | 41 | |||||
| Total current liabilities: | 2,974 | 3,887 | 4,073 | 1,906 | 2,496 | 1,818 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,807 | 4,125 | 6,931 | 3,270 | 2,565 | 2,284 | |||
| Long-term debt, excluding current maturities | 4,807 | 4,125 | 6,688 | 3,160 | 1,839 | 2,284 | |||
| Finance lease, liability | 556 | ✕ | |||||||
| Liabilities, other than long-term debt | 5,661 | 5,187 | 2,970 | 2,484 | 1,207 | 1,690 | |||
| Asset retirement obligations | 118 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,152 | ||
| Deferred income tax liabilities | 4,402 | 3,867 | 2,038 | 1,366 | ✕ | ||||
| Disposal group, including discontinued operation, liabilities | 35 | ||||||||
| Other liabilities | 935 | 988 | 907 | 1,052 | 1,046 | 538 | |||
| Operating lease, liability | 248 | 236 | 243 | 110 | 170 | ✕ | |||
| Derivative instruments and hedges, liabilities | 76 | 96 | 25 | 66 | 8 | ||||
| Other undisclosed noncurrent liabilities | 680 | ||||||||
| Total noncurrent liabilities: | 10,468 | 9,312 | 9,901 | 5,754 | 4,452 | 3,974 | |||
| Total liabilities: | 13,442 | 13,199 | 13,974 | 7,660 | 6,948 | 5,792 | |||
| Equity | |||||||||
| Equity, attributable to parent | 23,171 | 22,541 | 22,837 | 11,569 | 12,119 | 12,111 | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Treasury stock, value | (2,617) | (1,925) | (248) | (1,234) | (1,069) | (423) | |||
| Additional paid in capital | 18,506 | 18,779 | 19,123 | 9,323 | 9,161 | 9,062 | |||
| Retained earnings | 7,280 | 5,685 | 3,960 | 3,478 | 4,025 | 3,470 | |||
| Total equity: | 23,171 | 22,541 | 22,837 | 11,569 | 12,119 | 12,111 | |||
| TOTAL LIABILITIES AND EQUITY: | 36,613 | 35,740 | 36,811 | 19,229 | 19,067 | 17,903 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 19,362 | 24,294 | 14,643 | 6,685 | 9,304 | 9,415 | ||
| Cost of revenue | (12,558) | (13,953) | (11,598) | (6,693) | (7,983) | (7,578) | ||
| Gross profit: | 6,804 | 10,341 | 3,045 | (8) | 1,321 | 1,837 | ||
| Operating expenses | (557) | (390) | (299) | (253) | (334) | (586) | ||
| Operating income (loss): | 6,247 | 9,951 | 2,746 | (261) | 987 | 1,251 | ||
| Nonoperating expense (Other Nonoperating expense) | (131) | (173) | (410) | (321) | (448) | (849) | ||
| Interest and debt expense | (153) | (128) | (161) | (129) | (121) | (126) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 450 | 569 | 975 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 5,963 | 9,650 | 2,175 | (261) | 987 | 1,251 | ||
| Other undisclosed income from continuing operations before income taxes | 284 | 301 | 571 | |||||
| Income (loss) from continuing operations before income taxes: | 6,247 | 9,951 | 2,746 | (261) | 987 | 1,251 | ||
| Income tax expense (benefit) | (1,353) | (2,106) | (628) | 61 | (231) | (276) | ||
| Income (loss) from continuing operations: | 4,894 | 7,845 | 2,118 | (200) | 756 | 975 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 2,118 | (200) | 756 | 975 | |
| Net income (loss): | 4,894 | 7,845 | 2,118 | (200) | 756 | 975 | ||
| Net income attributable to noncontrolling interest | 3 | |||||||
| Net income (loss) attributable to parent: | 4,894 | 7,845 | 2,118 | (200) | 756 | 978 | ||
| Other undisclosed net loss available to common stockholders, basic | (9) | (15) | (5) | |||||
| Net income (loss) available to common stockholders, basic: | 4,885 | 7,830 | 2,113 | (200) | 756 | 978 | ||
| Dilutive securities, effect on basic earnings per share | 3 | 6 | 6 | |||||
| Net income (loss) available to common stockholders, diluted: | 4,888 | 7,836 | 2,119 | (200) | 756 | 978 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 4,894 | 7,845 | 2,118 | (200) | 756 | 975 | ||
| Comprehensive income (loss): | 4,894 | 7,845 | 2,118 | (200) | 756 | 975 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 3 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,894 | 7,845 | 2,118 | (200) | 756 | 978 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.