Pioneer Natural Resources Management

Management criteria checks 2/4

Pioneer Natural Resources' CEO is Rich Dealy, appointed in Jan 2021, has a tenure of 3.25 years. total yearly compensation is $9.50M, comprised of 7.6% salary and 92.4% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth €92.06M. The average tenure of the management team and the board of directors is 4.1 years and 10.3 years respectively.

Key information

Rich Dealy

Chief executive officer

US$9.5m

Total compensation

CEO salary percentage	7.6%
CEO tenure	3.3yrs
CEO ownership	0.2%
Management average tenure	4.1yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rich Dealy's remuneration changed compared to Pioneer Natural Resources's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$5b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$6b
Mar 31 2023	n/a	n/a	US$7b
Dec 31 2022	US$9m	US$720k	US$8b
Sep 30 2022	n/a	n/a	US$7b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$4b
Dec 31 2021	US$6m	US$636k	US$2b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$267m
Mar 31 2021	n/a	n/a	-US$560m
Dec 31 2020	US$4m	US$566k	-US$200m
Sep 30 2020	n/a	n/a	US$117m
Jun 30 2020	n/a	n/a	US$432m
Mar 31 2020	n/a	n/a	US$712m
Dec 31 2019	US$5m	US$617k	US$770m
Sep 30 2019	n/a	n/a	US$731m
Jun 30 2019	n/a	n/a	US$911m
Mar 31 2019	n/a	n/a	US$1b
Dec 31 2018	US$5m	US$597k	US$973m
Sep 30 2018	n/a	n/a	US$1b
Jun 30 2018	n/a	n/a	US$879m
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$4m	US$579k	US$827m

Compensation vs Market: Rich's total compensation ($USD9.50M) is above average for companies of similar size in the German market ($USD5.57M).

Compensation vs Earnings: Rich's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Rich Dealy (57 yo)

3.3yrs

Tenure

US$9,496,977

Compensation

Mr. Richard P. Dealy, also known as Rich, has been President of Pioneer Natural Resources Company since January 1, 2021 and served as its Chief Operating Officer since January 1, 2021 until January 01, 202...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Dealy	CEO, President & Director	3.3yrs	US$9.50m	0.15% $ 92.1m
Neal Shah	Executive VP & CFO	6.8yrs	US$5.13m	0.020% $ 12.3m
Mark Berg	Executive Vice President of Corporate Operations	19yrs	US$5.38m	0.052% $ 31.3m
Jerome Hall	Executive Vice President of Operations	no data	US$5.38m	0.033% $ 19.8m
Christopher Washburn	VP & Chief Accounting Officer	1.8yrs	no data	0.0021% $ 1.3m
Bonnie Black	Executive Vice President of Technology & Operations Support	1.3yrs	no data	0.0066% $ 3.9m
Larry Paulsen	Senior Vice President of Administration and Risk Management	10.3yrs	no data	no data
Mark Kleinman	Executive VP & General Counsel	10.3yrs	no data	0.019% $ 11.7m
Tyson Taylor	Executive Vice President of Human Resources & Communications	5yrs	no data	0.0063% $ 3.8m
Elizabeth McDonald	Executive Vice President of Strategic Planning	3.3yrs	no data	0.0083% $ 5.0m
John Distaso	Senior Vice President of Marketing	no data	no data	no data
Craig Kuiper	Senior Vice President of Production Operations	less than a year	no data	no data

4.1yrs

Average Tenure

52yo

Average Age

Experienced Management: PNK's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Dealy	CEO, President & Director	no data	US$9.50m	0.15% $ 92.1m
Scott Sheffield	Director	27.3yrs	US$19.06m	0.27% $ 163.3m
James Thompson	Independent Chairman	12.7yrs	US$524.31k	0.0078% $ 4.7m
Phoebe Wood	Independent Director	10.8yrs	US$347.97k	0.0062% $ 3.7m
Phillip Gobe	Independent Director	9.8yrs	US$360.47k	0.0048% $ 2.9m
Edison Buchanan	Independent Director	22.3yrs	US$341.33k	0.011% $ 6.7m
Royce Mitchell	Independent Director	9.8yrs	US$353.19k	0.0076% $ 4.6m
A. Alameddine	Independent Director	3.3yrs	US$326.83k	0.015% $ 8.8m
Stacy Methvin	Independent Director	10.8yrs	US$348.97k	0.0073% $ 4.4m
Maria Jelescu-Dreyfus	Independent Director	2.6yrs	US$326.83k	0.0017% $ 1.0m
Lori George	Independent Director	2.8yrs	US$329.33k	0.0018% $ 1.1m

10.3yrs

Average Tenure

68yo

Average Age

Experienced Board: PNK's board of directors are seasoned and experienced ( 10.3 years average tenure).

Pioneer Natural Resources Management

Management criteria checks 2/4

Key information

Recent management updates

Director recently sold €3.5m worth of stock

Director recently sold €2.2m worth of stock

Pioneer Natural Resources Company Announces Resignation of Matthew M. Gallagher as Member of the Board of Directors

Independent Director recently sold €2.2m worth of stock

High number of new directors

Insider recently bought €148k worth of stock

Recent updates

Pioneer Natural Resources Company to Report Q1, 2024 Results on May 02, 2024

Director recently sold €3.5m worth of stock

Director recently sold €2.2m worth of stock

Pioneer Natural Resources Company Announces Resignation of Matthew M. Gallagher as Member of the Board of Directors

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$20.92 (vs US$32.63 in FY 2022)

Pioneer Natural Resources Company Declares Dividend for the First Quarter of 2024, Payable on March 22, 2024

Pioneer Natural Resources Company Provides Production Guidance for the Year 2024

Pioneer Natural Resources Company to Report Q4, 2023 Results on Feb 22, 2024

Independent Director recently sold €2.2m worth of stock

Upcoming dividend of US$3.20 per share at 12% yield

Pioneer Natural Resources Company Updates Production Guidance for the Year 2023

New major risk - Revenue and earnings growth

Pioneer Natural Resources Company Declares Fourth Quarter Dividend on Common Shares, Payable on December 22, 2023

Third quarter 2023 earnings released: EPS: US$5.58 (vs US$8.29 in 3Q 2022)

Pioneer Natural Resources Company to Report Q3, 2023 Results on Nov 02, 2023

Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Pioneer Natural Resources Company (NYSE:PXD) for approximately $60 billion.

Exxon Mobil Corporation (NYSE:XOM) entered into a definitive agreement to acquire Pioneer Natural Resources Company (NYSE:PXD) for approximately $60 billion.

Upcoming dividend of US$1.84 per share at 12% yield

Pioneer Natural Resources Company Provides Production Guidance for the Third Quarter of 2023 and Revises Production Guidance for the Full Year of 2023

Second quarter 2023 earnings released: EPS: US$4.71 (vs US$9.79 in 2Q 2022)

Pioneer Natural Resources Company to Report Q2, 2023 Results on Aug 01, 2023

Pioneer Natural Resources Company(NYSE:PXD) dropped from Russell 1000 Growth Index

High number of new directors

Upcoming dividend of US$3.34 per share at 13% yield

First quarter 2023 earnings released: EPS: US$5.19 (vs US$8.25 in 1Q 2022)

Full year 2022 earnings released: EPS: US$32.63 (vs US$9.07 in FY 2021)

Pioneer Natural Resources Company to Report Q4, 2022 Results on Feb 22, 2023

Upcoming dividend of US$5.71 per share

Insider recently bought €148k worth of stock

Insider recently bought €148k worth of stock

Third quarter 2022 earnings released: EPS: US$8.30 (vs US$4.27 in 3Q 2021)

Pioneer Natural Resources Company Provides Production Guidance for the Fourth Quarter and Full Year of 2022

Pioneer Natural Resources Company Appoints Christopher L. Washburn as Chief Accounting Officer

Pioneer Natural Resources Company to Report Q3, 2022 Results on Oct 27, 2022

Investor sentiment improved over the past week

Upcoming dividend of US$8.57 per share

Second quarter 2022 earnings released: EPS: US$9.80 (vs US$1.62 in 2Q 2021)

Pioneer Natural Resources Company Provides Production Guidance for the Third Quarter and Full Year of 2022

Pioneer Natural Resources Adds Jacinto Hernandez to Board of Directors

Pioneer Natural Resources Company Announces Management Changes

Pioneer Natural Resources Company to Report Q2, 2022 Results on Aug 08, 2022

Investor sentiment deteriorated over the past week

Insider recently sold €478k worth of stock

Upcoming dividend of US$7.38 per share

Insider recently sold €651k worth of stock

First quarter 2022 earnings released: EPS: US$8.25 (vs US$0.33 loss in 1Q 2021)

Pioneer Natural Resources Company Declares Second Quarter Base-Plus-Variable Cash Dividend, Payable on June 14, 2022

Pioneer Natural Resources Company to Report Q1, 2022 Results on May 04, 2022

Now 20% undervalued

Insider recently sold €413k worth of stock

Key Executive recently sold €303k worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Pioneer Natural Resources Company Declares Base-Plus-Variable Cash Dividend for the First Quarter of 2022 Payable on March 14, 2022

Pioneer Natural Resources Company Announces Retirement of Board of Directors

Upcoming dividend of US$0.62 per share

Upcoming dividend of US$6.04 per share

Insider recently bought €1.7m worth of stock

Third quarter 2021 earnings released: EPS US$4.28 (vs US$0.12 loss in 3Q 2020)

Upcoming dividend of US$0.56 per share

Laredo Petroleum, Inc. (NYSE:LPI) entered a purchase and sale agreement to acquire approximately 20,000 net acres in western Glasscock County from Pioneer Natural Resources Company (NYSE:PXD) for $230 million.

Upcoming dividend of US$1.51 per share

Pioneer Natural Resources Company Provides Production Guidance for the Third Quarter and Full Year of 2021

Second quarter 2021 earnings released: EPS US$1.62 (vs US$2.66 loss in 2Q 2020)

Upcoming dividend of US$0.56 per share

Pioneer Natural Resources Declares Quarterly Dividend on Common Shares, Payable on July 14, 2021

First quarter 2021 earnings released: US$0.33 loss per share (vs US$1.74 profit in 1Q 2020)

Pioneer Natural Resources Company Provides Operating Guidance for the Full Year and Second Quarter of 2021

Upcoming dividend of US$0.56 per share