5 Biggest Exploration and Production Companies in the World

In this piece, we will take a look at the five biggest exploration and production companies in the world. For more companies, head on over to 15 Biggest Exploration and Production Companies in the World.

5. Pioneer Natural Resources Company (NYSE:PXD)

Market Capitalization as of November 17th, 2022: $60.9 billion

Pioneer Natural Resources Company (NYSE:PXD) is an American company that produces oil, natural gas, and natural gas liquids. The firm has roughly 130 million barrels of proven oil reserves and interests in 11 gas producing stations.

Pioneer Natural Resources Company (NYSE:PXD)’s third fiscal quarter saw the firm report $4.2 billion in revenue, which marked a $1 billion in growth over the year ago results. The firm’s net income grew by more than $900 million, as it reported $1.9 billion in bottom line profits. Pioneer Natural Resources Company (NYSE:PXD) also aims to produce up to 365,000 barrels of oil by the end of this year.

Insider Monkey’s Q3 2022 survey of 895 hedge funds revealed that 49 had held a stake in Pioneer Natural Resources Company (NYSE:PXD).

Out of these, Pioneer Natural Resources Company (NYSE:PXD)’s largest shareholder is Andrew Weiss’ Weiss Asset Management which owns 1.3 million shares that are worth $273 million.