Pioneer Natural Resources Company Increases Dividend on Common Shares

Pioneer Natural Resources Company PXD ("Pioneer" or "the Company") today announced that its Board of Directors approved an increase in the Company's semiannual cash dividend from $0.16 per share to $0.32 per share on Pioneer's outstanding common stock (equivalent to $0.64 per share on an annualized basis). The dividend is payable April 12, 2019, to stockholders of record at the close of business on March 29, 2019.

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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