Pioneer Natural Resources Co
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Energy : Oil, Gas & Consumable Fuels | Mid Cap Blend
Company profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas. The Company's operations include well stimulation and completion activities, such as hydraulic fracturing, and water distribution and disposal activities As of December 31, 2018, the Company owned interests in 11 gas processing plants and two treating facilities. Its Spraberry/Wolfcamp field covered approximately 800,000 gross acres (690,000 net acres).

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Energy stocks take a broad dive as oil prices sink

6:34 am ET April 20, 2020 (MarketWatch)

Energy stocks suffered a broad selloff in premarket trading Monday, as crude oil prices plunged ( amid concerns over reduced demand resulting the COVID-19 pandemic coupled with excess supply. The SPDR Energy Select Sector ETF (XLE) dropped 3.8%, with all of its components seeing activity trading lower. Among the more active shares in the early going, Apache Corp. (APA) fell 8.6%, Occidental Petroleum Corp. (OXY) slid 7.1%, Exxon Mobil Corp. (XOM) shed 4.9%, Chevron Corp. (CVX) lost 4.0% and Schlumberger N.V. (SLB) declined 5.4%. Shares of oil services company Halliburton Co. (HAL), which is scheduled to report first-quarter results before Monday's open, dropped 6.5%. Although not an energy ETF component, Chesapeake Energy Corp.'s stock (CHK) tumbled 20% toward a record low. Crude oil futures sank 8.4%, while futures for the S&P 500 lost 1.5%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

April 20, 2020 06:34 ET (10:34 GMT)

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