Blazars, a class of active galactic nuclei (AGN) powered by supermassive black holes, are known for their remarkable variability across multiple timescales and wavelengths. Despite significant advancements in our understanding of AGN central engines, thanks to both ground- and space-based telescopes, the details of the mechanisms driving this variability remain elusive. The primary objective of this study is to constrain the X-ray variability properties of the TeV blazar PKS 2155-304. We conducted a comprehensive X-ray spectral and timing analysis, focusing on both long-term and intraday variability (IDV), using data from 22 epochs of XMM-Newton observations collected over 15 yr (2000-2014). For the timing analysis, we estimated the fractional variability, variability amplitude, minimum variability timescales, flux distribution, and power spectral density. In the spectral analysis, we fitted the X-ray spectra using power-law, log-parabola, and broken power-law models to determine the best-fitting parameters. We observed moderate IDV in the majority of the light curves (LCs). Seven out of the 22 observations showed a clear bimodal flux distribution, indicating the presence of two distinct flux states. Our analysis revealed a variable power spectral slope. Most hardness ratio plots did not show significant variation with flux, except for two observations, where the hardness ratio changed considerably with flux. The fitted X-ray spectra favored the broken power-law model for the majority of observations, indicating a break in the spectral profiles. The findings of this work shed light on the IDV of blazars, providing insights into the nonthermal jet processes that drive the observed flux variations.