Pioneer Natural Resources Company Increases Dividend on Common Shares

Pioneer Natural Resources Company (NYSE:PXD) (Pioneer or the Company) today announced that its Board of Directors approved an increase in the Companys semiannual cash dividend from $0.16 per share to $0.32 per share on Pioneers outstanding common stock (equivalent to $0.64 per share on an annualized basis). The dividend is payable April 12, 2019, to stockholders of record at the close of business on March 29, 2019.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit www.pxd.com.

Pioneer Natural Resources
Investors
Neal Shah –
972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara –
972-969-3592

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Media and Public Affairs
Tadd Owens – 972-969-5760
Robert
Bobo – 972-969-4020