Pioneer Natural Resources Company announced that for the first quarter of 2022, the Board of Directors has declared a quarterly base-plus-variable cash dividend of $3.78 per share, comprised of a $0.78 base dividend and $3.00 variable dividend. This represents a greater than 25% increase to the base dividend and a total base-plus-variable dividend annualized yield of approximately 7% (based on the Company's closing stock price as of February 8, 2022). The dividend is payable on March 14, 2022, to stockholders of record at the close of business on February 28, 2022.