Pioneer Natural Resources Co (PXD) CEO Scott Sheffield on Q1 2022 Results - Earnings Call Transcript

Pioneer Natural Resources Co (NYSE:PXD) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET

Company Participants

Neal Shah - SVP & CFO

Scott Sheffield - CEO & Director

Richard Dealy - President & COO

Conference Call Participants

Jeanine Wai - Barclays Bank

Neil Mehta - Goldman Sachs Group

John Freeman - Raymond James & Associates

Charles Meade - Johnson Rice & Company

Bertrand Donnes - Truist Securities

Robert Brackett - Sanford C. Bernstein & Co.

Doug Leggate - Bank of America Merrill Lynch

David Deckelbaum - Cowen and Company

Scott Hanold - RBC Capital Markets

Operator

Welcome to the Pioneer Natural Resources First Quarter Earnings Conference Call. Joining us today will be Scott Sheffield, Chief Executive Officer; Rich 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 can be accessed on the Internet at www.pxd.com. Again, the Internet website 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. Today's call is being recorded. A replay of the call will be archived on www.pxd.com, through May 31, 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 2 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.

Neal Shah

Thank you, Jake. Good morning, everyone, and thank you for joining us for Pioneer's first quarter earnings call. Today, we will be discussing our excellent first quarter results, which underscore the power of our investment framework. We will also highlight our leading return of capital strategy and the value that we are creating for shareholders while simultaneously providing the world with affordable, reliable and low emissions intensity oil and gas. We will then open up the call for your questions. With that, I will turn it over to Scott.