PXD Stock Recent News

Former Pioneer Natural Resources CEO Scott Sheffield sued the U.S. Federal Trade Commission on Tuesday, saying it violated the law by barring his inclusion on Exxon Mobil's board when the company acquired Pioneer in a deal worth $59.5 billion.

Dallas, Texas--(Newsfile Corp. - January 6, 2025) - Bracewell LLP announced today that Bryan L. Clark has joined the firm's Dallas office as a partner in both the firm's oil and gas and energy transition practice groups.

The index changes were announced after the close of trading Friday by S&P Dow Jones Indices. All changes will occur on Wednesday.

Texas-based Vistra Corp. is set to join the S&P 500 index before the opening bell Wednesday, index provider S&P Dow Jones Indices said late Friday.

The US Federal Trade Commission (FTC) has sanctioned former Pioneer Natural Resources Corp CEO Scott Sheffield, barring him from Exxon Mobil's board amid its $60 billion acquisition of Pioneer. The FTC alleges Sheffield led a scheme with other American oil executives and OPEC to suppress production and boost profits.

The Federal Trade Commission said on Thursday it prevented former Pioneer Natural Resources CEO Scott Sheffield from serving on Exxon Mobil's board of directors as it resolves antitrust concerns about Exxon's bid to buy the top shale oil producer.

Pioneer Natural Resources (PXD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Considering the impending mega-merger with ExxonMobil (XOM), investors may invest in Pioneer Natural (PXD) before its Q1 earnings release on May 2.

Pioneer Natural Resources (PXD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Pioneer Natural Resources (PXD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).