Sheffield Ends Run At Pioneer With Bang, Leaves Company Well Positioned For New Leaders, Industry Intelligence News Alert

SUGAR LAND, TX–(Marketwired – Jan 11, 2017) – Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — Scott D. Sheffield, President and Chief Executive Officer of Pioneer Natural Resources, recently retired ( PXD) (Dallas, Texas), went out with a bang. His tenure at Pioneer ended at the end of 2016. Over the course of the year, Pioneer shares rose about 42%, about even with many of the independent oil and gas producers. But where Pioneer fell away from its peers, at least in the third quarter of 2016, was in its profitability: Its net earnings of $22 million compared favorably with its independent manufacturers, which reported quarterly net losses of between $144 million (Noble Energy Incorporated) to $190 million (EOG Resources Incorporated) to $607 million (Apache Corporation) to $830 million (Anadarko Petroleum Corporation) to $1.6 billion (Devon Energy Corporation). Pioneer’s Q3 results benefited from non-recurring items.

For details, view the full article by subscribing to Industrial Info Premium Industry News or browse other breaking industry news at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five North American offices and 10 international offices, is the leading provider of global market information specializing in industrial process, heavy manufacturing and energy markets. Industrial Info’s quality assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute information on what’s happening now while keeping track of future opportunities. To contact an office in your area, visit the “Contact Us” page at www.industrialinfo.com.