National and State Trade Associations
Pioneer works in conjunction with national, state and regional trade associations representing the oil and gas industry to share information and advance a common agenda on legislative and regulatory matters. Pioneer’s positions on major policy issues are generally aligned with the positions of the trade associations with which we maintain membership.
Political Engagement
Pioneer has adopted a policy on political expenditures, which is set forth in our Code of Business Conduct. As stated in the policy, no company funds may be used directly for political contributions in the U.S. or in any foreign country, unless permitted by law, and approved by the chief executive officer or chief operating officer, and then approved by either the general counsel or chief compliance officer. Pioneer employees receive information about Pioneer’s political contribution processes. In addition, the charter of the Nominating and Corporate Governance Committee provides for the committee’s oversight of all Pioneer political spending and lobbying activities.
Pioneer works with industry partners to advocate for an affordable, abundant and secure energy future. We actively participate in the political process, with the goal of informing policymakers and regulators about our business and advocating for policy solutions that are mutually beneficial to the communities where we operate and our shareholders.
All Pioneer lobbying and advocacy expenditures are made in the U.S. In 2022, Pioneer made significant financial contributions (more than $20,000 each) to the following trade and business associations, which we consider strategic partners:
- American Exploration and Production Council (AXPC)
- Independent Petroleum Association of America (IPAA)
- Permian Basin Petroleum Association (PBPA)
- Texas Oil and Gas Association (TXOGA)
Corporate Political Contributions
Pioneer may make occasional corporate contributions to political organizations and campaigns whose objectives, we believe, are consistent with our business objectives in the areas in which we operate. While Pioneer directors and employees are free to participate in the political process individually, they may not represent a personal political contribution as being made on behalf of the company, and no director or employee may seek reimbursement, directly or indirectly, from Pioneer for any political contribution.
Political Action Committees (PACs)
Some eligible employees contribute to PACs sponsored by Pioneer. The activities of the Pioneer PACs are subject to comprehensive governmental regulation, including detailed disclosure requirements. These disclosures are posted on the website of the Federal Election Commission or the Texas Ethics Commission, where they can be reviewed by members of the public. All distributions made from the PACs are approved by their respective boards, currently comprised of senior managers. All suggested distributions are reviewed to ensure they are consistent with legal limits and are delivered to entities eligible to receive PAC funds. All contributions to PACs are voluntary, and it is Pioneer’s policy that no one be favored or disadvantaged by reason of the amount of their contribution or their decision not to contribute. For additional information on political expenditures, visit PXD.com > Culture > Advocacy
