EFTA Document EFTA01473332

Deutsche Bank Markets Research Rating Hold North America United States Industrials Oil & Gas Exploration & Production Company Pioneer Natural Resources Reuters PXD.N Bloomberg PXD UN Exchange Ticker NYS PXD Laying the Foundation Looking to set the stage into a 2H acceleration With arguably amongst the largest core positions in what could be the leading asset of the next oil cycle, the investment case at PXD largely rests on it ability to translate resource potential into