Stocksak reports that Pioneer Natural Resources saw a surge in third-quarter profits

© Stocksak. FILE PHOTO – The sun is seen behind an oil pump jack in Texas’ Permian Basin, Loving County, Texas. November 22, 2019. REUTERS/Angus Mordant//File photo

(Stocksak), – U.S. shale manufacturer Pioneer Natural Resources (NYSE:) Co posted an 89.9% rise in third-quarter profits on Thursday, as crude prices hovered close to multi-year highs due to sanctions on Russia.

In the three months ended September 30, net income attributable common stockholders was $1.98 billion or $7.93 per share, up from $1.05 trillion or $4.07 per shares a year ago.

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