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Pioneer Natural Resources
Company Added to
KLD's Domini 400 Social Index
BOSTON,
MA - July 30, 2004 - KLD Research & Analytics, Inc., an
independent investment research firm, announced today
that Pioneer Natural Resources Company (PXD) has been
added to KLD's Domini 400 SocialSM
Index. Pioneer Natural Resources Company is headquartered
in Irving, Texas.
Pioneer Natural Resources Company is an oil and gas exploration and production
company with ownership interests in oil and gas properties located in the
United States, the Gulf of Mexico, Argentina, Canada, Gabon, South Africa, and Tunisia.
Reasons KLD added the company to the DS 400 Index
- Pioneer Natural Resources Company is
a participant in the U.S. Environmental Protection Agency's Natural Gas
STAR program. Natural Gas STAR is a voluntary EPA program that encourages
natural gas companies to adopt technologies and practices that reduce gas
leaks from pipelines, compressor stations, and engines. Natural gas emissions,
which include methane and other components, contribute to global warming.
In November 2002, EPA recognized Pioneer as the 2002 Natural Gas STAR
"Processing Partner of the Year".
- Pioneer provides a number of generous
employee benefits programs, including 200% employee match on employee
contributions to the company 401(k) account, year-end bonuses for all
employees, and semi-annual stock option awards. All Pioneer employees,
full-time and part-time, are eligible to receive annual bonuses. In
addition, the company is known within the industry for a commitment to
an open, less hierarchical management style.
About the KLD Family of Indexes
KLD’s
family of social, environmental and sustainability indexes
include: the Domini 400SM
Social Index (DS 400 Index), launched in 1990, is the
established benchmark for measuring the impact of social
screening on financial performance; the KLD Catholic Values
400SM Index (KLD CV 400
Index), launched in 1998, is modeled on KLD's DS 400;
the KLD Broad Market SocialSM
Index (KLD BMS Index), launched in 2001, is the screened
subset of the Russell 3000® Index; the
KLD Large Cap SocialSM
Index (KLD LCS Index), launched in 2001, is the screened
subset of the Russell 1000® Index; the
KLD NASDAQ Social Index (KLD NS Index), launched in 2002,
is modeled on the NASDAQ Composite Index; and the KLD
Select SocialSM Index
(KLD SS Index), launched in 2004, is the first US index
maximizing sustainability factors.
About KLD Research & Analytics,
Inc.
KLD Research & Analytics, Inc. is an independent investment
research firm providing investment management tools used
by professionals to serve clients requiring investment
strategies based on social and environmental responsibility.
KLD products and services, including Socrates (a web-based,
company research tool) are used for screening, compliance
and asset gathering.
For more information about KLD or its family of Indexes, please see our
website (www.kld.com)
or contact Karen Agredo by phone (617.426.5270) or via
e-mail (kagredo@kld.com).
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