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An announcement from Pioneer Natural (PXD) is now available.
In May 2020, a company issued $1.3 billion in convertible senior notes due in 2025, with some holders opting to convert their notes into cash during the first quarter of 2024, a process treated as a derivative instrument. Additionally, the company is engaged in long-term oil marketing derivatives through contracts that involve buying and selling oil at a Texas terminal, with pricing linked to WTI and Brent oil prices. These actions are also accounted for as derivative instruments, not as hedges.
Find detailed analytics on PXD stock on TipRanks’ Stock Analysis page.