May 4 (Reuters) - Pioneer Natural Resources Co reported a five-fold jump in first-quarter profit on Wednesday and raised its dividend, as the U.S. shale producer benefited from soaring energy prices following the Ukraine crisis.

Adjusted profit grew to $1.98 billion, or $7.74 per share, in the quarter ended March 31, from $396 million, or $1.77 per share, an year earlier. (Reporting by Ruhi Soni in Bengaluru; Editing by Shailesh Kuber)