COM - Pioneer (PXD) CEO on CNBC talking the talk on capital discipline

"People have asked me at $100 oil, at $150 oil, are you going to grow more than 5%? The answer is no, we're just gonna return more cash back to the investor" Pioneer CEO Scott Sheffield touched on a broad range of topics this morning on CNBC's Squawk Exclusive; most among them, the Company's focus on capital discipline The CEO noted that the two recent oil price collapses (2014, 2020) resulted from a lack of shale supply discipline, a mistake the industry ought not repeat In response to the Deputy Energy Secretary's comment that "shale has an obligation to the public to pump more oil", Mr. Sheffield noted the President had asked OPEC for additional supplies, but had not picked up the phone to call US producers like Pioneer Mr. Sheffield indicated that his company would be unable to increase production in any case, as he wouldn't go back on

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Pioneer (PXD) CEO on CNBC talking the talk on capital discipline