Pioneer Natural Resources

Halal Rating :
Comfortable
Last Price $269
Market Cap $64.44b
1D Change

0.0 %

1 Year Change

10.79 %

Next Earnings Date

Yet to be announced

Company Overview

Pioneer Natural Resources Company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. As of December 31, 2021, the company had proved undeveloped reserves and proved developed non-producing reserves of 130 million barrels of oil.

Revenue Sources

Pass

Based on Pioneer Natural Resources' business model and revenue sources, the company generates its income primarily from the exploration and production of oil and natural gas. These activities involve the extraction and sale of natural resources, which are halal business activities. The company does not derive revenue from prohibited sources such as alcohol, gambling, tobacco, or other haram products and services.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
March 31, 2024 $4.81b $3.38b - $40.0m 0.00% 1.18%
Dec. 31, 2023 $5.22b $3.56b - $40.0m 0.00% 1.12%
Sept. 30, 2023 $5.0b $3.31b - $44.0m 0.00% 1.33%
June 30, 2023 $4.6b $3.17b - $41.0m 0.00% 1.30%

Analyzing the last four quarters of financial data: The company's interest expense remained relatively stable, ranging from $40-44 million per quarter, while total expenses ranged from $3.17-3.56 billion. The interest expense to total expense ratio consistently remained well below the 5% threshold across all quarters, indicating that interest is not a material part of the company's operations.

Operational Ethics

Pass

After reviewing Pioneer Natural Resources' operations, partnerships, and public disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily concentrated in the United States, specifically in the Permian Basin region of Texas.

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