Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Pioneer Natural Resources Co., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Oil and gas	12,989)	16,310)	11,503)	3,630)	4,916)
Sales of purchased commodities	6,385)	8,074)	6,367)	3,394)	4,755)
Revenue from contracts with purchasers	19,374)	24,384)	17,870)	7,024)	9,671)
Interest and other income (loss), net	39)	119)	23)	(67)	76)
Derivative gain (loss), net	(75)	(315)	(2,183)	(281)	34)
Gain (loss) on disposition of assets, net	24)	106)	(1,067)	9)	(477)
Revenues and other income	19,362)	24,294)	14,643)	6,685)	9,304)
Oil and gas production	(2,042)	(1,922)	(1,267)	(682)	(874)
Production and ad valorem taxes	(785)	(965)	(651)	(242)	(299)
Depletion, depreciation and amortization	(2,862)	(2,530)	(2,498)	(1,639)	(1,711)
Purchased commodities	(6,585)	(8,235)	(6,560)	(3,633)	(4,472)
Exploration and abandonments	(80)	(41)	(51)	(47)	(58)
General and administrative	(461)	(334)	(292)	(244)	(324)
Accretion of discount on asset retirement obligations	(16)	(15)	(7)	(9)	(10)
Operating income	6,531)	10,252)	3,317)	189)	1,556)
Interest expense	(153)	(128)	(161)	(129)	(121)
Unoccupied facility expense	(32)	(35)	(38)	1)	—)
Impairment of long-lived assets	(22)	(23)	—)	—)	—)
Legal and environmental contingencies	(18)	(23)	(17)	(12)	(19)
ExxonMobil merger-related costs	(13)	—)	—)	—)	—)
Transportation commitment charges	(11)	(10)	(22)	(16)	(74)
Idle equipment charges	(5)	(25)	(10)	(80)	(25)
Loss on early extinguishment of debt, net	—)	(39)	(2)	(27)	—)
Parsley Acquisition transaction costs	—)	—)	(211)	(10)	—)
DoublePoint Acquisition transaction costs	—)	—)	(33)	—)	—)
Winter Storm Uri gas commitments	—)	—)	(80)	—)	—)
Sand mine decommissioning-related charges	—)	—)	—)	—)	(23)
Other	(30)	(18)	3)	(177)	(307)
Other expense	(131)	(173)	(410)	(321)	(448)
Income (loss) before income taxes	6,247)	9,951)	2,746)	(261)	987)
Income tax (provision) benefit	(1,353)	(2,106)	(628)	61)	(231)
Net income (loss) attributable to common stockholders	4,894)	7,845)	2,118)	(200)	756)

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).

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Income statement item	Description	The company
Revenue from contracts with purchasers	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Pioneer Natural Resources Co. revenue from contracts with purchasers increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Pioneer Natural Resources Co. operating income increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Pioneer Natural Resources Co. income (loss) before income taxes increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income (loss) attributable to common stockholders	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Pioneer Natural Resources Co. net income (loss) attributable to common stockholders increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

Pioneer Natural Resources Co. (NYSE:PXD)

Income Statement