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
- Net Income (Loss) Attributable to Common Stockholders
- Over the observed period, net income exhibited notable volatility. Initially, it rose from $535 million in 2005 to a peak of $834 million in 2011, with fluctuations in between. Significant declines and losses were observed around 2009 (-$52 million), 2013 (-$838 million), 2015 (-$273 million), and 2016 (-$556 million), indicating periods of financial challenge. Following these dips, the company experienced strong recoveries, most prominently in 2021, when net income surged to $7,845 million, the highest level within the dataset. The trend suggests cyclicality marked by substantial losses in some years followed by sharp increases, culminating in relatively high profitability in recent years.
- Revenues
- Revenue generation demonstrated an overall upward trajectory throughout the timeframe, despite some fluctuations. Starting at $2,216 million in 2005, revenues initially decreased to $1,582 million in 2006 but generally increased afterward, reaching a peak of $24,384 million in 2022. There were periods of contraction, notably in 2011 and 2015, but these were followed by robust growth phases. The substantial increase post-2014 indicates expansion, with revenues more than doubling between 2014 and 2022. This pattern reflects progressive business growth, supported by occasional market or operational setbacks.
- Net Profit Margin
- The net profit margin showed significant fluctuations, indicating variability in profitability relative to revenue. Early years presented strong margins, such as 46.76% in 2006, while sharp negative margins appeared in 2009 (-3.24%), 2013 (-24.03%), 2015 (-8.69%), and 2016 (-14.07%). Positive recoveries followed these low points, with margins returning to double digits in several years, including 2011 (36.38%), 2017 (15.73%), and a recent peak of 32.17% in 2022. The margin trend highlights periods of operational efficiency and profitability interspersed with challenges leading to losses, reflecting the company's exposure to cyclical factors and possibly commodity price volatility.
- Summary of Observations
- The company's financial performance is characterized by pronounced volatility in net income and profit margins, juxtaposed with an overarching growth in revenue. Losses tend to occur in clusters, often aligned with declines in profit margins, suggesting external pressures or industry cyclicality. Nonetheless, the company has demonstrated resilience, achieving record profitability and revenues in the most recent years evaluated. This pattern underlines an ability to recover from downturns and capitalize on favorable market conditions, though the variability also points to underlying risks linked to operational or market factors.
Comparison to Competitors
Pioneer Natural Resources Co., net profit margin, long-term trends, comparison to competitors
| Pioneer Natural Resources Co. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 25.26% | 10.85% | 19.52% | 10.76% | 16.62% |
| Dec 31, 2022 | 32.17% | 15.05% | 23.80% | 13.98% | 36.32% |
| Dec 31, 2021 | 11.85% | 10.04% | 17.63% | 8.33% | 8.95% |
| Dec 31, 2020 | -2.85% | -5.87% | -14.38% | -12.57% | -83.28% |
| Dec 31, 2019 | 7.82% | 2.09% | 22.07% | 5.61% | -3.27% |
| Dec 31, 2018 | 10.43% | 9.33% | 17.18% | 7.46% | 23.18% |
| Dec 31, 2017 | 15.73% | 6.83% | -2.94% | 8.31% | 10.48% |
| Dec 31, 2016 | -14.07% | -0.45% | -15.26% | 3.59% | -5.69% |
| Dec 31, 2015 | -8.69% | 3.53% | -14.98% | 6.22% | -62.73% |
| Dec 31, 2014 | 21.50% | 9.60% | 13.08% | 8.25% | 3.19% |
| Dec 31, 2013 | -24.03% | 9.73% | 16.83% | 7.74% | 24.14% |
| Dec 31, 2012 | 6.84% | 11.35% | 14.54% | 9.90% | 19.02% |
| Dec 31, 2011 | 36.38% | 11.01% | 5.08% | 8.79% | 28.28% |
| Dec 31, 2010 | 33.56% | 9.60% | 6.00% | 8.23% | 23.79% |
| Dec 31, 2009 | -3.24% | 6.26% | 3.25% | 6.39% | 18.92% |
| Dec 31, 2008 | 9.66% | 9.03% | -7.06% | 9.84% | 28.31% |
| Dec 31, 2007 | 21.41% | 8.73% | 6.34% | 10.40% | 28.75% |
| Dec 31, 2006 | 46.76% | 8.36% | 8.47% | 10.81% | 23.68% |
| Dec 31, 2005 | 24.13% | 7.28% | 7.54% | 10.07% | 34.73% |
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% | 11.86% |
| Dec 31, 2022 | 32.17% | 16.44% |
| Dec 31, 2021 | 11.85% | 9.73% |
| Dec 31, 2020 | -2.85% | -14.70% |
| Dec 31, 2019 | 7.82% | 5.30% |
| Dec 31, 2018 | 10.43% | 9.35% |
| Dec 31, 2017 | 15.73% | 7.10% |
| Dec 31, 2016 | -14.07% | 0.87% |
| Dec 31, 2015 | -8.69% | 1.97% |
| Dec 31, 2014 | 21.50% | 8.89% |
| Dec 31, 2013 | -24.03% | 9.59% |
| Dec 31, 2012 | 6.84% | 10.98% |
| Dec 31, 2011 | 36.38% | 8.89% |
| Dec 31, 2010 | 33.56% | 8.42% |
| Dec 31, 2009 | -3.24% | 5.92% |
| Dec 31, 2008 | 9.66% | 5.96% |
| Dec 31, 2007 | 21.41% | 9.45% |
| Dec 31, 2006 | 46.76% | 9.90% |
| Dec 31, 2005 | 24.13% | 9.24% |
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% | 11.90% |
| Dec 31, 2022 | 32.17% | 16.28% |
| Dec 31, 2021 | 11.85% | 9.67% |
| Dec 31, 2020 | -2.85% | -16.81% |
| Dec 31, 2019 | 7.82% | 2.84% |
| Dec 31, 2018 | 10.43% | 9.17% |
| Dec 31, 2017 | 15.73% | 6.28% |
| Dec 31, 2016 | -14.07% | 0.38% |
| Dec 31, 2015 | -8.69% | 2.26% |
| Dec 31, 2014 | 21.50% | 9.05% |
| Dec 31, 2013 | -24.03% | 9.91% |
| Dec 31, 2012 | 6.84% | 11.09% |
| Dec 31, 2011 | 36.38% | 9.04% |
| Dec 31, 2010 | 33.56% | 8.66% |
| Dec 31, 2009 | -3.24% | 6.20% |
| Dec 31, 2008 | 9.66% | 6.34% |
| Dec 31, 2007 | 21.41% | 9.80% |
| Dec 31, 2006 | 46.76% | 10.13% |
| Dec 31, 2005 | 24.13% | 9.36% |
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).