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Pioneer Natural quarterly loss shrinks on cost cuts, rising oil prices
February 7, 2017 / 9:56 PM / 9 months ago

Pioneer Natural quarterly loss shrinks on cost cuts, rising oil prices

HOUSTON, Feb 7 (Reuters) - U.S. shale oil producer Pioneer Natural Resources Co said on Tuesday its quarterly loss shrank as it cut costs and crude prices rose.

The company posted a net loss attributable to common shareholders of $44 million, or 26 cents per share, compared to a loss of $623 million, or $4.17 per share, in the year-ago period.

Production rose 13 percent to 241,833 barrels of oil equivalent per day. (Reporting by Ernest Scheyder)

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