Pioneer Natural Resources third-quarter profit surges

(Reuters) – U.S. shale producer Pioneer Natural Resources (NYSE:) Co on Thursday posted an 89.9% jump in third-quarter profit as crude prices hovered near multi-year highs following sanctions on Russia, a leading producer of oil and gas.

Net income attributable to common stockholders stood at $1.98 billion, or $7.93 a share, in the three months ended Sept. 30, up from $1.05 billion, or $4.07 per share, a year ago.

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