Pioneer Natural Resources' profit falls, but tops analysts estimates
02/11/2023 20:17
HOUSTON, Nov 2 (Reuters) - Pioneer Natural Resources
PXD.N on Thursday said its third quarter profit fell 26% due
to lower oil and gas prices, but topped analysts estimates, in
its first earnings report since the U.S. shale producer agreed
to be acquired by oil major ExxonMobil XOM.N .
Net income, excluding items, fell to $1.4 billion, or $5.83
per share, in the three months to Sept. 30, from $1.9 billion,
or $7.48 per share, a year earlier. Analysts had estimated a
profit of $5.55 per share.
(Reporting by Arathy Somasekhar in Houston
Editing by Chris Reese)
((arathy.s@thomsonreuters.com; +1 832 610 7346; Twitter:
@ArathySom;))