Net Profit Margin
since 2005
Calculation
Pioneer Natural Resources Co., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to common stockholders1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 25.26% | = | 100 | × | 4,894) | ÷ | 19,374) |
| Dec 31, 2022 | 32.17% | = | 100 | × | 7,845) | ÷ | 24,384) |
| Dec 31, 2021 | 11.85% | = | 100 | × | 2,118) | ÷ | 17,870) |
| Dec 31, 2020 | -2.85% | = | 100 | × | (200) | ÷ | 7,024) |
| Dec 31, 2019 | 7.82% | = | 100 | × | 756) | ÷ | 9,671) |
| Dec 31, 2018 | 10.43% | = | 100 | × | 978) | ÷ | 9,379) |
| Dec 31, 2017 | 15.73% | = | 100 | × | 833) | ÷ | 5,294) |
| Dec 31, 2016 | -14.07% | = | 100 | × | (556) | ÷ | 3,951) |
| Dec 31, 2015 | -8.69% | = | 100 | × | (273) | ÷ | 3,142) |
| Dec 31, 2014 | 21.50% | = | 100 | × | 930) | ÷ | 4,325) |
| Dec 31, 2013 | -24.03% | = | 100 | × | (838) | ÷ | 3,490) |
| Dec 31, 2012 | 6.84% | = | 100 | × | 192) | ÷ | 2,812) |
| Dec 31, 2011 | 36.38% | = | 100 | × | 834) | ÷ | 2,294) |
| Dec 31, 2010 | 33.56% | = | 100 | × | 605) | ÷ | 1,803) |
| Dec 31, 2009 | -3.24% | = | 100 | × | (52) | ÷ | 1,610) |
| Dec 31, 2008 | 9.66% | = | 100 | × | 220) | ÷ | 2,277) |
| Dec 31, 2007 | 21.41% | = | 100 | × | 373) | ÷ | 1,741) |
| Dec 31, 2006 | 46.76% | = | 100 | × | 740) | ÷ | 1,582) |
| Dec 31, 2005 | 24.13% | = | 100 | × | 535) | ÷ | 2,216) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial performance from 2005 to 2023 is characterized by significant volatility in net profit margins, reflecting a cyclical operational environment. The company experienced multiple transitions between periods of high profitability, moderate stability, and substantial net losses.
- Historical Volatility and Cyclicality (2005–2016)
- During this period, net profit margins exhibited extreme fluctuations. A peak of 46.76% was recorded in 2006, followed by a sharp decline to 9.66% by 2008 and a move into negative territory in 2009 (-3.24%). Although a recovery occurred in 2010 and 2011, with margins reaching 36.38%, a severe contraction followed, culminating in a low of -24.03% in 2013. This instability persisted through 2016, where negative margins of -8.69% and -14.07% were observed in 2015 and 2016, respectively.
- Stabilization and Temporary Contraction (2017–2020)
- A trend toward stabilization emerged between 2017 and 2019, with profit margins remaining positive, though gradually declining from 15.73% to 7.82%. This trend was interrupted in 2020, when the net profit margin fell to -2.85%, coinciding with a reduction in annual revenues to 7,024 million US$.
- Rapid Revenue Expansion and Profitability Peak (2021–2023)
- The final three years of the analyzed period show a substantial increase in both scale and profitability. Net profit margins rose to 11.85% in 2021 and reached a recent peak of 32.17% in 2022. This peak was driven by a record revenue of 24,384 million US$ and a corresponding net income of 7,845 million US$. In 2023, while revenues decreased to 19,374 million US$, the net profit margin remained robust at 25.26%.
Overall, the data indicates that while revenues have grown substantially from 2,216 million US$ in 2005 to over 19,000 million US$ by 2023, the net profit margin has remained highly sensitive to external pressures, with the most recent period representing the highest sustained level of profitability in the company's history.
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Comparison to Competitors
Pioneer Natural Resources Co., net profit margin, long-term trends, comparison to competitors
| Pioneer Natural Resources Co. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Dec 31, 2023 | 25.26% | 10.85% | 19.52% | 10.76% |
| Dec 31, 2022 | 32.17% | 15.05% | 23.80% | 13.98% |
| Dec 31, 2021 | 11.85% | 10.04% | 17.63% | 8.33% |
| Dec 31, 2020 | -2.85% | -5.87% | -14.38% | -12.57% |
| Dec 31, 2019 | 7.82% | 2.09% | 22.07% | 5.61% |
| Dec 31, 2018 | 10.43% | 9.33% | 17.18% | 7.46% |
| Dec 31, 2017 | 15.73% | 6.83% | -2.94% | 8.31% |
| Dec 31, 2016 | -14.07% | -0.45% | -15.26% | 3.59% |
| Dec 31, 2015 | -8.69% | 3.53% | -14.98% | 6.22% |
| Dec 31, 2014 | 21.50% | 9.60% | 13.08% | 8.25% |
| Dec 31, 2013 | -24.03% | 9.73% | 16.83% | 7.74% |
| Dec 31, 2012 | 6.84% | 11.35% | 14.54% | 9.90% |
| Dec 31, 2011 | 36.38% | 11.01% | 5.08% | 8.79% |
| Dec 31, 2010 | 33.56% | 9.60% | 6.00% | 8.23% |
| Dec 31, 2009 | -3.24% | 6.26% | 3.25% | 6.39% |
| Dec 31, 2008 | 9.66% | 9.03% | -7.06% | 9.84% |
| Dec 31, 2007 | 21.41% | 8.73% | 6.34% | 10.40% |
| Dec 31, 2006 | 46.76% | 8.36% | 8.47% | 10.81% |
| Dec 31, 2005 | 24.13% | 7.28% | 7.54% | 10.07% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Pioneer Natural Resources Co., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Pioneer Natural Resources Co. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2023 | 25.26% | 11.63% |
| Dec 31, 2022 | 32.17% | 15.41% |
| Dec 31, 2021 | 11.85% | 9.78% |
| Dec 31, 2020 | -2.85% | -10.51% |
| Dec 31, 2019 | 7.82% | 5.71% |
| Dec 31, 2018 | 10.43% | 8.83% |
| Dec 31, 2017 | 15.73% | 7.00% |
| Dec 31, 2016 | -14.07% | 1.06% |
| Dec 31, 2015 | -8.69% | 3.89% |
| Dec 31, 2014 | 21.50% | 9.06% |
| Dec 31, 2013 | -24.03% | 9.08% |
| Dec 31, 2012 | 6.84% | 10.72% |
| Dec 31, 2011 | 36.38% | 8.41% |
| Dec 31, 2010 | 33.56% | 8.03% |
| Dec 31, 2009 | -3.24% | 5.60% |
| Dec 31, 2008 | 9.66% | 5.40% |
| Dec 31, 2007 | 21.41% | 8.99% |
| Dec 31, 2006 | 46.76% | 9.57% |
| Dec 31, 2005 | 24.13% | 8.71% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Pioneer Natural Resources Co., net profit margin, long-term trends, comparison to industry (energy)
| Pioneer Natural Resources Co. | Energy | |
|---|---|---|
| Dec 31, 2023 | 25.26% | 11.68% |
| Dec 31, 2022 | 32.17% | 15.29% |
| Dec 31, 2021 | 11.85% | 9.70% |
| Dec 31, 2020 | -2.85% | -13.06% |
| Dec 31, 2019 | 7.82% | 3.11% |
| Dec 31, 2018 | 10.43% | 8.68% |
| Dec 31, 2017 | 15.73% | 6.15% |
| Dec 31, 2016 | -14.07% | 0.54% |
| Dec 31, 2015 | -8.69% | 4.04% |
| Dec 31, 2014 | 21.50% | 9.21% |
| Dec 31, 2013 | -24.03% | 9.44% |
| Dec 31, 2012 | 6.84% | 10.84% |
| Dec 31, 2011 | 36.38% | 8.58% |
| Dec 31, 2010 | 33.56% | 8.29% |
| Dec 31, 2009 | -3.24% | 5.89% |
| Dec 31, 2008 | 9.66% | 5.80% |
| Dec 31, 2007 | 21.41% | 9.37% |
| Dec 31, 2006 | 46.76% | 9.82% |
| Dec 31, 2005 | 24.13% | 8.84% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).