ࡱ;   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry \pCalc Ba=  =@ 8X@"1Calibri1Arial1Arial1Arial1Calibri General3._(\$* #,##0_);_(\$* \(#,##0\);_(\$* \-_);_(@_) #,##0\(#,##0_);[RED]\(#,##0\)!"($"#,##0_);[RED]"($"#,##0\);6_(\$* #,##0.00_);_(\$* \(#,##0.00\);_(\$* \-??_);_(@_)'""($"#,##0.00_);[RED]"($"#,##0.00\)#\(#,##0.00_);[RED]\(#,##0.00\)#,##0.00                + ) , *   ( (8   $  $  $ (8  (  $  $  $  $  $ `!$pioneer natural resources"&securities registered purs) signatures"C/unaudited condensed consol"Econsolidated income statembconsolidated cash flows"unaudited summary producti$ӏunaudited summary producti-1"unaudited supplementary ea"eunaudited supplemental non$unaudited supplemental non-1$pioneer natural resources -1$pioneer natural resources -2"unaudited supplemental inf$ypioneer natural resources -3 proved reservesT@    3  @@ P"PIONEER NATURAL RESOURCES CO MPANYDelaware1-13245 75-27027530(State or other jurisdiction of incorporation)(Commission File Number)&(I.R.S. Employer Identification No.);Securities registered pursuant to Section 12(b) of the Act:Title of each classTrading Symbol)Name of each exchange on which registered&Common Stock, par value $.01 per sharePXDNew York Stock Exchange SIGNATURES!PIONEER NATURAL RESOURCES COMPANYBy:/s/ Margaret M. MontemayorMargaret M. Montemayor+Vice President and Chief Accounting OfficerDate:February 23, 2021/UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSDecember 31, 2020December 31, 2019ASSETSCurrent assets:Cash and cash equivalentsRestricted cashAccounts receivable, netIncome taxes receivable Inventories DerivativesInvestment in affiliateOtherTotal current assets?Oil and gas properties, successful efforts method of accounting4Accumulated depletion, depreciation and amortization!Total oil and gas properties, net!Other property and equipment, net#Operating lease right of use assetsGoodwill Other assetsLIABILITIES AND EQUITYCurrent liabilities:Accounts payableInterest payableIncome taxes payable!Current portion of long-term debtOperating leasesTotal current liabilitiesLong-term debtDeferred income taxesOther liabilitiesEquityConsolidated Income Statement"Three Months Ended December 31, Twelve Months Ended December 31,20202019Revenues and other income: Oil and gasSales of purchased commodities%Interest and other income (loss), netDerivative gain (loss), net)Gain (loss) on disposition of assets, net Costs and expenses:Oil and gas productionProduction and ad valorem taxes(Depletion, depreciation and amortizationPurchased commoditiesExploration and abandonmentsGeneral and administrative5Accretion of discount on asset retirement obligationsInterest!Income (loss) before income taxesIncome tax benefit (provision)5Net income (loss) attributable to common stockholdersFNet income (loss) per share attributable to common stockholders:BasicDiluted$Weighted average shares outstanding:5Basic and diluted weighted average shares outstandingConsolidated Cash Flows%Cash flows from operating activities:Net income (loss)^Adjustments to reconcile net income (loss) to net cash provided by operating activities:8Impairment of inventory and other property and equipment)Exploration expenses, including dry holes)(Gain) loss on disposition of assets, net$Loss on early extinguishment of debtInterest expenseDerivative-related activity(Amortization of stock-based compensation,Investment in affiliate valuation adjustment9South Texas contingent consideration valuation adjustment*South Texas deficiency fee obligation, net+Change in operating assets and liabilities:Accounts receivable)Net cash provided by operating activities%Net cash used in investing activities3Net cash provided by (used in) financing activitiesENet increase (decrease) in cash, cash equivalents and restricted cash?Cash, cash equivalents and restricted cash, beginning of period9Cash, cash equivalents and restricted cash, end of period3UNAUDITED SUMMARY PRODUCTION, PRICE AND MARGIN DATAAverage Daily Sales Volume: Oil (Bbls)#Natural gas liquids ("NGLs") (Bbls) Gas (Mcf) Total (BOE)Average Price: Oil per Bbl NGLs per Bbl Gas per McfTotal per BOEMargin Data ($ per BOE):Average priceProduction costs6UNAUDITED SUPPLEMENTARY EARNINGS PER SHARE INFORMATION(Participating share-based basic earningsGBasic and diluted net income (loss) attributable to common stockholders2UNAUDITED SUPPLEMENTAL NON-GAAP FINANCIAL MEASURESIncome tax (benefit) provision$(Gain) loss on disposition of assets:Restructuring charges (including stock-based compensation)$EBITDAX before restructuring charges:Restructuring charges (excluding stock-based compensation) EBITDAX (a)Cash interest expense&Current income tax benefit (provision)Discretionary cash flow (b)Cash exploration expense+Changes in operating assets and liabilities>UNAUDITED SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES (continued)$Three Months Ended December 31, 2020RefAfter-tax AmountsPer Diluted Share.Net income attributable to common stockholdersNoncash MTM adjustments:"Derivative loss, net ($196 pretax) ProPetro stock gain ($55 pretax)1Adjusted income excluding noncash MTM adjustmentsUnusual items:%COVID-19 related charges ($19 pretax)(a)&Parsley transaction costs ($10 pretax)(b)(2020 corporate restructuring ($4 pretax)(c))Gain on disposition of assets ($2 pretax)CAdjusted income excluding noncash MTM adjustments and unusual items%Twelve Months Ended December 31, 2020Less: Capital expenditures (a)Free cash flowCosts incurredLess: Excluded items (a)Adjusted costs incurred5Plus: Other property, plant and equipment capital (b)Capital expenditures"UNAUDITED SUPPLEMENTAL INFORMATION2021Year Ending December 31, 2021First QuarterSecond QuarterThird QuarterFourth QuarterEAverage daily oil production associated with derivatives (Bbl):Brent swap contracts:VolumePrice$ MEH swap contracts:Midland swap contracts:Brent call contracts sold: Volume (a)'Brent collar contracts with short puts:Price:CeilingFloor Short put%MEH collar contracts with short puts:Brent collar contracts:GAverage daily gas production associated with derivatives (MMBtu):NYMEX swap contracts:ICE DUTCH TTF swap contracts:WAHA swap contracts:NYMEX collar contracts:Basis swap contracts:#Permian Basin index swap volume (b)Price differentialNoncash changes in fair value:Oil derivative loss, netGas 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