Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Pioneer Natural Resources Co., solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Pioneer Natural Resources Co. debt to equity ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Pioneer Natural Resources Co. debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Pioneer Natural Resources Co. debt to capital ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Pioneer Natural Resources Co. debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Pioneer Natural Resources Co. debt to assets ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Pioneer Natural Resources Co. debt to assets ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Pioneer Natural Resources Co. financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Pioneer Natural Resources Co. interest coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Pioneer Natural Resources Co. fixed charge coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Debt to Equity
Pioneer Natural Resources Co., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of debt | 28) | 779) | 244) | 140) | 450) | |
| Finance lease liability, current | 21) | 20) | 18) | 17) | 16) | |
| Long-term debt, excluding current portion | 4,807) | 4,125) | 6,688) | 3,160) | 1,839) | |
| Finance lease liability, noncurrent | 481) | 501) | 521) | 539) | 556) | |
| Total debt | 5,337) | 5,425) | 7,471) | 3,856) | 2,861) | |
| Equity | 23,171) | 22,541) | 22,837) | 11,569) | 12,119) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 0.23 | 0.24 | 0.33 | 0.33 | 0.24 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Chevron Corp. | 0.13 | 0.15 | 0.23 | 0.34 | 0.19 | |
| ConocoPhillips | 0.38 | 0.35 | 0.44 | 0.51 | 0.43 | |
| Exxon Mobil Corp. | 0.20 | 0.21 | 0.28 | 0.43 | 0.24 | |
| Occidental Petroleum Corp. | 0.65 | 0.66 | 1.46 | 1.95 | 1.13 | |
| Debt to Equity, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.23 | 0.23 | 0.34 | 0.48 | — | |
| Debt to Equity, Industry | ||||||
| Energy | 0.24 | 0.25 | 0.37 | 0.52 | — | |
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).
1 2023 Calculation
Debt to equity = Total debt ÷ Equity
= 5,337 ÷ 23,171 = 0.23
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Pioneer Natural Resources Co. debt to equity ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Equity (including Operating Lease Liability)
Pioneer Natural Resources Co., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of debt | 28) | 779) | 244) | 140) | 450) | |
| Finance lease liability, current | 21) | 20) | 18) | 17) | 16) | |
| Long-term debt, excluding current portion | 4,807) | 4,125) | 6,688) | 3,160) | 1,839) | |
| Finance lease liability, noncurrent | 481) | 501) | 521) | 539) | 556) | |
| Total debt | 5,337) | 5,425) | 7,471) | 3,856) | 2,861) | |
| Operating lease liability, current | 175) | 125) | 121) | 100) | 136) | |
| Operating lease liability, noncurrent | 248) | 236) | 243) | 110) | 170) | |
| Total debt (including operating lease liability) | 5,760) | 5,786) | 7,835) | 4,066) | 3,167) | |
| Equity | 23,171) | 22,541) | 22,837) | 11,569) | 12,119) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 0.25 | 0.26 | 0.34 | 0.35 | 0.26 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Chevron Corp. | 0.16 | 0.17 | 0.25 | 0.37 | 0.21 | |
| ConocoPhillips | 0.40 | 0.36 | 0.45 | 0.54 | 0.45 | |
| Exxon Mobil Corp. | 0.23 | 0.24 | 0.31 | 0.46 | 0.27 | |
| Occidental Petroleum Corp. | 0.69 | 0.69 | 1.49 | 2.01 | 1.17 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.26 | 0.26 | 0.37 | 0.52 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Energy | 0.27 | 0.28 | 0.40 | 0.55 | — | |
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).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Equity
= 5,760 ÷ 23,171 = 0.25
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Pioneer Natural Resources Co. debt to equity ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Capital
Pioneer Natural Resources Co., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of debt | 28) | 779) | 244) | 140) | 450) | |
| Finance lease liability, current | 21) | 20) | 18) | 17) | 16) | |
| Long-term debt, excluding current portion | 4,807) | 4,125) | 6,688) | 3,160) | 1,839) | |
| Finance lease liability, noncurrent | 481) | 501) | 521) | 539) | 556) | |
| Total debt | 5,337) | 5,425) | 7,471) | 3,856) | 2,861) | |
| Equity | 23,171) | 22,541) | 22,837) | 11,569) | 12,119) | |
| Total capital | 28,508) | 27,966) | 30,308) | 15,425) | 14,980) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.19 | 0.19 | 0.25 | 0.25 | 0.19 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Chevron Corp. | 0.11 | 0.13 | 0.18 | 0.25 | 0.16 | |
| ConocoPhillips | 0.28 | 0.26 | 0.31 | 0.34 | 0.30 | |
| Exxon Mobil Corp. | 0.17 | 0.17 | 0.22 | 0.30 | 0.20 | |
| Occidental Petroleum Corp. | 0.39 | 0.40 | 0.59 | 0.66 | 0.53 | |
| Debt to Capital, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.19 | 0.19 | 0.26 | 0.33 | — | |
| Debt to Capital, Industry | ||||||
| Energy | 0.20 | 0.20 | 0.27 | 0.34 | — | |
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).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,337 ÷ 28,508 = 0.19
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Pioneer Natural Resources Co. debt to capital ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Capital (including Operating Lease Liability)
Pioneer Natural Resources Co., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of debt | 28) | 779) | 244) | 140) | 450) | |
| Finance lease liability, current | 21) | 20) | 18) | 17) | 16) | |
| Long-term debt, excluding current portion | 4,807) | 4,125) | 6,688) | 3,160) | 1,839) | |
| Finance lease liability, noncurrent | 481) | 501) | 521) | 539) | 556) | |
| Total debt | 5,337) | 5,425) | 7,471) | 3,856) | 2,861) | |
| Operating lease liability, current | 175) | 125) | 121) | 100) | 136) | |
| Operating lease liability, noncurrent | 248) | 236) | 243) | 110) | 170) | |
| Total debt (including operating lease liability) | 5,760) | 5,786) | 7,835) | 4,066) | 3,167) | |
| Equity | 23,171) | 22,541) | 22,837) | 11,569) | 12,119) | |
| Total capital (including operating lease liability) | 28,931) | 28,327) | 30,672) | 15,635) | 15,286) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.20 | 0.20 | 0.26 | 0.26 | 0.21 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Chevron Corp. | 0.14 | 0.15 | 0.20 | 0.27 | 0.18 | |
| ConocoPhillips | 0.28 | 0.26 | 0.31 | 0.35 | 0.31 | |
| Exxon Mobil Corp. | 0.19 | 0.19 | 0.24 | 0.32 | 0.22 | |
| Occidental Petroleum Corp. | 0.41 | 0.41 | 0.60 | 0.67 | 0.54 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.20 | 0.21 | 0.27 | 0.34 | — | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Energy | 0.21 | 0.22 | 0.28 | 0.36 | — | |
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).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 5,760 ÷ 28,931 = 0.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Pioneer Natural Resources Co. debt to capital ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Assets
Pioneer Natural Resources Co., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of debt | 28) | 779) | 244) | 140) | 450) | |
| Finance lease liability, current | 21) | 20) | 18) | 17) | 16) | |
| Long-term debt, excluding current portion | 4,807) | 4,125) | 6,688) | 3,160) | 1,839) | |
| Finance lease liability, noncurrent | 481) | 501) | 521) | 539) | 556) | |
| Total debt | 5,337) | 5,425) | 7,471) | 3,856) | 2,861) | |
| Total assets | 36,613) | 35,740) | 36,811) | 19,229) | 19,067) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.15 | 0.15 | 0.20 | 0.20 | 0.15 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Chevron Corp. | 0.08 | 0.09 | 0.13 | 0.18 | 0.11 | |
| ConocoPhillips | 0.20 | 0.18 | 0.22 | 0.25 | 0.21 | |
| Exxon Mobil Corp. | 0.11 | 0.11 | 0.14 | 0.20 | 0.13 | |
| Occidental Petroleum Corp. | 0.27 | 0.27 | 0.39 | 0.45 | 0.35 | |
| Debt to Assets, Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.13 | 0.13 | 0.17 | 0.23 | — | |
| Debt to Assets, Industry | ||||||
| Energy | 0.13 | 0.14 | 0.18 | 0.24 | — | |
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).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 5,337 ÷ 36,613 = 0.15
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Pioneer Natural Resources Co. debt to assets ratio improved from 2021 to 2022 and from 2022 to 2023. |
Debt to Assets (including Operating Lease Liability)
Pioneer Natural Resources Co., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of debt | 28) | 779) | 244) | 140) | 450) | |
| Finance lease liability, current | 21) | 20) | 18) | 17) | 16) | |
| Long-term debt, excluding current portion | 4,807) | 4,125) | 6,688) | 3,160) | 1,839) | |
| Finance lease liability, noncurrent | 481) | 501) | 521) | 539) | 556) | |
| Total debt | 5,337) | 5,425) | 7,471) | 3,856) | 2,861) | |
| Operating lease liability, current | 175) | 125) | 121) | 100) | 136) | |
| Operating lease liability, noncurrent | 248) | 236) | 243) | 110) | 170) | |
| Total debt (including operating lease liability) | 5,760) | 5,786) | 7,835) | 4,066) | 3,167) | |
| Total assets | 36,613) | 35,740) | 36,811) | 19,229) | 19,067) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.16 | 0.16 | 0.21 | 0.21 | 0.17 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Chevron Corp. | 0.10 | 0.11 | 0.15 | 0.20 | 0.13 | |
| ConocoPhillips | 0.20 | 0.18 | 0.23 | 0.26 | 0.22 | |
| Exxon Mobil Corp. | 0.13 | 0.13 | 0.16 | 0.22 | 0.15 | |
| Occidental Petroleum Corp. | 0.28 | 0.29 | 0.40 | 0.47 | 0.37 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Oil, Gas & Consumable Fuels | 0.14 | 0.14 | 0.19 | 0.24 | — | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Energy | 0.15 | 0.15 | 0.20 | 0.25 | — | |
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).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 5,760 ÷ 36,613 = 0.16
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Pioneer Natural Resources Co. debt to assets ratio (including operating lease liability) improved from 2021 to 2022 and from 2022 to 2023. |
Financial Leverage
Pioneer Natural Resources Co., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 36,613) | 35,740) | 36,811) | 19,229) | 19,067) | |
| Equity | 23,171) | 22,541) | 22,837) | 11,569) | 12,119) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 1.58 | 1.59 | 1.61 | 1.66 | 1.57 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Chevron Corp. | 1.63 | 1.62 | 1.72 | 1.82 | 1.65 | |
| ConocoPhillips | 1.95 | 1.95 | 2.00 | 2.10 | 2.02 | |
| Exxon Mobil Corp. | 1.84 | 1.89 | 2.01 | 2.12 | 1.89 | |
| Occidental Petroleum Corp. | 2.45 | 2.41 | 3.69 | 4.31 | 3.19 | |
| Financial Leverage, Sector | ||||||
| Oil, Gas & Consumable Fuels | 1.81 | 1.83 | 1.99 | 2.12 | — | |
| Financial Leverage, Industry | ||||||
| Energy | 1.84 | 1.86 | 2.02 | 2.17 | — | |
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).
1 2023 Calculation
Financial leverage = Total assets ÷ Equity
= 36,613 ÷ 23,171 = 1.58
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Pioneer Natural Resources Co. financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023. |
Interest Coverage
Pioneer Natural Resources Co., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to common stockholders | 4,894) | 7,845) | 2,118) | (200) | 756) | |
| Add: Income tax expense | 1,353) | 2,106) | 628) | (61) | 231) | |
| Add: Interest expense | 153) | 128) | 161) | 129) | 121) | |
| Earnings before interest and tax (EBIT) | 6,400) | 10,079) | 2,907) | (132) | 1,108) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 41.83 | 78.74 | 18.06 | -1.02 | 9.16 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Chevron Corp. | 64.08 | 97.27 | 31.39 | -9.69 | 7.94 | |
| ConocoPhillips | 21.88 | 36.07 | 15.38 | -2.90 | 13.24 | |
| Exxon Mobil Corp. | 63.17 | 98.43 | 33.98 | -23.94 | 25.16 | |
| Occidental Petroleum Corp. | 7.80 | 14.71 | 3.30 | -10.03 | 1.17 | |
| Interest Coverage, Sector | ||||||
| Oil, Gas & Consumable Fuels | 35.53 | 54.91 | 17.67 | -12.51 | — | |
| Interest Coverage, Industry | ||||||
| Energy | 32.12 | 48.83 | 16.26 | -13.30 | — | |
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).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 6,400 ÷ 153 = 41.83
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Pioneer Natural Resources Co. interest coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Fixed Charge Coverage
Pioneer Natural Resources Co., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to common stockholders | 4,894) | 7,845) | 2,118) | (200) | 756) | |
| Add: Income tax expense | 1,353) | 2,106) | 628) | (61) | 231) | |
| Add: Interest expense | 153) | 128) | 161) | 129) | 121) | |
| Earnings before interest and tax (EBIT) | 6,400) | 10,079) | 2,907) | (132) | 1,108) | |
| Add: Operating lease cost | 179) | 151) | 162) | 151) | 200) | |
| Earnings before fixed charges and tax | 6,579) | 10,230) | 3,069) | 19) | 1,308) | |
| Interest expense | 153) | 128) | 161) | 129) | 121) | |
| Operating lease cost | 179) | 151) | 162) | 151) | 200) | |
| Fixed charges | 332) | 279) | 323) | 280) | 321) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 19.82 | 36.67 | 9.50 | 0.07 | 4.07 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Chevron Corp. | 9.57 | 18.28 | 8.43 | -1.29 | 2.62 | |
| ConocoPhillips | 17.14 | 28.76 | 11.94 | -1.79 | 9.51 | |
| Exxon Mobil Corp. | 13.03 | 20.62 | 9.13 | -5.68 | 5.66 | |
| Occidental Petroleum Corp. | 3.09 | 6.42 | 1.78 | -4.00 | 0.91 | |
| Fixed Charge Coverage, Sector | ||||||
| Oil, Gas & Consumable Fuels | 10.15 | 17.43 | 7.01 | -3.67 | — | |
| Fixed Charge Coverage, Industry | ||||||
| Energy | 9.23 | 15.47 | 6.39 | -3.82 | — | |
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).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 6,579 ÷ 332 = 19.82
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Pioneer Natural Resources Co. fixed charge coverage ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |