Pioneer CEO Expects Brent in $100 Range by End of Year

The video discusses the importance of capital discipline, emphasizing returning capital to shareholders through dividends and buybacks. It highlights a long-term growth strategy with a focus on increasing production by 5% annually. The discussion also covers oil price expectations, predicting Brent to reach $100 and WTI to be in the low 90s by year-end, influenced by rising Chinese demand.

What was the company's approach to capital discipline in 2022?

• Increasing debt

• Reducing dividends

• Returning capital to shareholders

• Investing heavily in new production

What is the company's target for annual production growth?

• 2%

• 3%

• 5%

• 10%

What is the expected range for oil production growth according to the company's guidance?

• 1% to 2%

• 6% to 7%

• 3% to 3.5%

• 4% to 5%

What factor is significantly influencing the current oil price range?

• Middle Eastern supply

• Chinese demand

• North American production

• European demand

By the end of the year, what is the expected price range for Brent oil?

• $70 to $80

• $80 to $90

• $90 to $100

• $100 to $110