Pioneer Natural Resources Increases Dividend on Common Shares

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer” or "the Company”) announced today that its Board of Directors approved an increase in the Company’s quarterly cash dividend to $0.56 per share (equivalent to $2.24 per share on an annualized basis). The quarterly dividend of $0.56 per share is payable April 14, 2021, to stockholders of record at the close of business on March 31, 2021.

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.

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