Pioneer Natural Resources reports fourth quarter profit down year-on-year
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(Reuters) - U.S. shale producer Pioneer Natural Resources Co reported adjusted profit of $1.18 per share in the fourth quarter, down from $1.22 in the same quarter of the prior year, the company said on Wednesday. The Irving, Texas company collected revenue of $2.68 billion (2.08 billion pounds) in the fourth quarter compared with $1.53 billion in the same period the prior year. Pioneer produced 320,000 barrels of oil equivalent per day (boepd) in the fourth quarter, compared with 305,000 boepd..