Reuters logo
Shale producer Pioneer Natural posts smaller loss
May 3, 2017 / 8:15 PM / in 7 months

Shale producer Pioneer Natural posts smaller loss

May 3 (Reuters) - U.S. shale oil company Pioneer Natural Resources Co on Wednesday reported a smaller quarterly loss, helped by higher crude prices and increased production.

Pioneer’s net loss attributable to shareholders narrowed to $42 million, or 25 cents per share, in the first quarter ended March 31, from $267 million, or $1.65 per share, a year earlier.

The Dallas-based company’s revenue more than doubled to $1.47 billion. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below