Pioneer Natural Resources Company (PXD) CEO Scott Sheffield on Q2 2022 Results - Earnings Call Transcript

Pioneer Natural Resources Company (NYSE:PXD) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET

Company Participants

Scott Sheffield - Chief Executive Officer

Richard Dealy - President and Chief Operating Officer

Neal Shah - Senior Vice President and Chief Financial Officer

Conference Call Participants

John Freeman - Raymond James

Jeanine Wai - Barclays

Neil Mehta - Goldman Sachs

Bertrand Donnes - Truist Securities

Derrick Whitfield - Stifel Nicolaus

Arun Jayaram - JPMorgan Chase

Operator

Good day, ladies and gentlemen, and welcome to the Pioneer Natural Resources' Second Quarter Earnings Conference Call. Joining us today will be Scott Sheffield, Chief Executive Officer; Richard Dealy, President and Chief Operating Officer; and Neal Shah, Senior Vice President and Chief Financial Officer.

Pioneer has prepared presentation slides to supplement comments made today. These slides are available on the Internet at www.pxd.com. Again, the shared Web site to access slides presented in today's call is www.pxd.com. Navigate to the Investors tab found at the top of the web page, and then select Investor Presentations. For information, today's conference is being recorded, and a replay of the call will be archived on www.pxd.com, through August 28, 2022.

The company's comments today will include forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause actual results in the future periods to differ materially from forward-looking statements. These risks and uncertainties are described in Pioneer's news release on page two of the slide presentation, and in Pioneer's public filings made with the Securities and Exchange Commission.

At this time, for opening remarks, I would like to turn the call over to Pioneer's Senior Vice President and Chief Financial Officer, Neal Shah. Please go ahead, sir.

Neal Shah

Thank you, George. Good morning, everyone, and thanks for joining us for Pioneer's second quarter earnings call. Today, we will be discussing Pioneer's strong second quarter financial and operating results, and our peer-leading return of capital strategy. We will also detail our best-in-class margins, and unmatched depth of high-quality inventory, along with our leading ESG strategy, which is also detailed in our recently published 2022 Sustainability Report. We will then open the call for your questions.