Exxon misses on Q1 profit despite big gains in Guyana [Reuters]
Pioneer Natural Resources Company (PXD)
Last pioneer natural resources company earnings: 2/19 04:07 pm
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investors.pxd.com/investor-presentations
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Source: Reuters
The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources , posted first-quarter earnings of $8.22 billion, or $2.06 per share, compared to an $11.43 billion net profit a year ago. Report this ad Profit per share fell 6% shy of Wall Street analysts' consensus, according to LSEG estimates. The results were the second highest for a first quarter in the past decade, behind the year-ago period, said Chief Financial Officer Kathryn Mikells. The miss was due in part to tax and inventory balance sheet adjustments, she said. "Every quarter, we have some pluses and minuses associated with these one-off items", she said. "Sometimes they are favorable, this time they were unfavorable." Weaker energy margins cut operating profit by about $2.6 billion compared with a year ago. Global oil prices were largely flat against a year ago while natural gas prices fell sharply. U.S. gas futures traded 20% lower at the
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PXD
News
- Exxon Mobil Plays It Safe With Hydrocarbons, Sidelines Direct Air Capture [Seeking Alpha]Seeking Alpha
- Exxon to take up to two years to hit stride with Pioneer purchase [Yahoo! Finance]Yahoo! Finance
- Exxon to take up to two years to hit stride with Pioneer purchase [Reuters]Reuters
- Trustbusters target poor man's John D. Rockefeller [Reuters]Reuters
- F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources [The New York Times]The New York Times
PXD
Earnings
- 5/2/24 - Miss
PXD
Sec Filings
- 5/3/24 - Form POSASR
- 5/3/24 - Form POSASR
- 5/3/24 - Form POSASR
- PXD's page on the SEC website