(Reuters) – U.S. shale producer Pioneer Natural Resources 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.
(Reporting by Ruhi Soni in Bengaluru; Editing by Shinjini Ganguli)
