US shale discipline a win for shareholders, a loss for motorists

Pioneer chief executive says investors will punish companies that increase production

Not budging; Pioneer Natural Resources chief executive Scott Sheffield says US independents will not increase production for fear of a negative shareholder response
Not budging; Pioneer Natural Resources chief executive Scott Sheffield says US independents will not increase production for fear of a negative shareholder responsePhoto: KAIA MEANS/UPSTREAM
Published 7 October 2021, 23:00Updated 7 October 2021, 23:00