# EDGAR Filing Document

**Accession Number:** 0001038357
**File Stem:** 0001193125-23-080646
**Filing Date:** 2023-3
**Character Count:** 4218
**Document Hash:** b41b763dda7bce4a7219e132a2ef8b75
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-080646.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001193125-23-080646

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIONEER NATURAL RESOURCES CO
- **CENTRAL INDEX KEY:** 0001038357
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 752702753
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-241031
- **FILM NUMBER:** 23765556

**BUSINESS ADDRESS:**
- **STREET 1:** 777 HIDDEN RIDGE
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75038
- **BUSINESS PHONE:** 9724449001

**MAIL ADDRESS:**
- **STREET 1:** 777 HIDDEN RIDGE
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75038
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIONEER NATURAL RESOURCES CO
- **CENTRAL INDEX KEY:** 0001038357
- **STANDARD INDUSTRIAL CLASSIFICATION:** CRUDE PETROLEUM & NATURAL GAS [1311]
- **IRS NUMBER:** 752702753
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 777 HIDDEN RIDGE
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75038
- **BUSINESS PHONE:** 9724449001

**MAIL ADDRESS:**
- **STREET 1:** 777 HIDDEN RIDGE
- **CITY:** IRVING
- **STATE:** TX
- **ZIP:** 75038

**Filed Pursuant to Rule 433** 

**Registration No. 333-241031** 

**March 27, 2023** 

**Pioneer Natural Resources Company** 

**Pricing Term Sheet** 

---

| | |
|:---|:---|
|  Issuer: | Pioneer Natural Resources Company |
|  Security Type: | Senior Unsecured |
|  Offering Format: | SEC Registered |
|  Expected Ratings\*: | Baa1/BBB/BBB+ (Stable/Stable/Stable) |
|  Trade Date: | March 27, 2023 |
|  Settlement Date: | March 29, 2023 (T+2) |
|  Title of Securities: | 5.100% Senior Notes due 2026 |
|  Principal Amount: | $1100000000 |
|  Stated Maturity Date: | March 29, 2026 |
|  US Treasury Benchmark: | 4.625% due March 15, 2026 |
|  US Treasury Yield: | 3.798% |
|  Spread to US Treasury: | 1.320% |
|  Yield to Maturity: | 5.118% |
|  Issue Price: | 99.951% of face amount |
|  Coupon: | 5.100% |
|  Interest Payment Dates: | March 29 and September 29 commencing September 29, 2023 |
|  Optional Redemption: | Greater of par or T + 20 bps |
|  CUSIP/ISIN: | 723787 AV9 / US723787AV90 |
|  Joint Book-Running Managers: | BofA Securities, Inc.<br> TD Securities (USA) LLC<br> Wells Fargo Securities, LLC<br> Citigroup Global Markets Inc.<br> Goldman Sachs & Co. LLC<br> J.P. Morgan Securities LLC<br> Morgan Stanley & Co. LLC<br> RBC Capital Markets, LLC<br> Scotia Capital (USA) Inc. |
|  Senior Co-Managers: | Barclays Capital Inc.<br> CIBC World Markets Corp.<br> Credit Suisse Securities (USA) LLC<br> MUFG Securities Americas Inc. |
|  Co-Managers: | PNC Capital Markets LLC<br> Truist Securities, Inc.<br> U.S. Bancorp Investments, Inc. |

---

\* **Note:** A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. 

**The Issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting BofA Securities, Inc. at 1-800-294-1322, TD Securities (USA) LLC at 1-855-495-9846, or Wells Fargo Securities, LLC at 1-800-645-3751.** 

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