FANG Diamondback Energy Inc
Performance
-0.17% Past Week
Market Cap
23.03B
Day’s Range
52W Range
Volume (3M)
2.42M
Price-Earnings Ratio
5.09
Revenue
9.64B
Diamondback Energy Inc Latest News
About Diamondback Energy Inc
Diamondback Energy Inc was founded in 2007, when it was established following the acquisition of 4,174 net acres in the Permian Basin in West Texas. This independent oil and natural gas company is headquartered in Midland, Texas and is involved in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves, mainly in the Permian Basin area.
According to the latest estimates published on December 31, 2020, the business had estimated proven reserves of 1,316 million barrels of oil of which 58% were petroleum, 20% were natural gas, and 22% were natural gas liquids. The company's entire reserve base is concentrated on the Permian Basin, on the horizontal development of the Spraberry and Wolfcamp formations in the Midland Basin, and the Wolfcamp and Bone Spring formations in the Delaware Basin. In November 2021, Diamondback Energy committed to retain its oil production next year, even as oil prices had surged to heights not seen in years.
Diamondback Energy Inc is publicly listed on NASDAQ under the ticker FANG. The firm finalized its previously announced all-stock merger with QEP Resources, Inc. (NYSE: QEP) (""QEP"") after acceptance of the merger and associated proposals by QEP shareholders at their special meeting on March 16, 2021.
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Show More972
Employees
Midland, Texas, US
HQ
2007
Founded
Travis D. Stice
CEO
Upcoming Earnings
1
MAY
REPORTS
Diamondback Energy Inc Q1 2023 earnings report is expected to be released after market open
Consensus
Strong Buy
Price Target
174.00
Get insight into a company's sustainability using ESG (environmental, social, and governance) scores.
0
100
58
High
Industry
Avg. 57
60
Environment
56
Social
58
Governance
Business Involvement Flags
Fossil Fuels
Companies in the energy industry, encompassing oil and gas exploration and
production, pipeline transportation, refineries, and oil and gas equipment and services.
Wholesalers which provide electricity generated by hydrocarbon and nuclear
technologies. Natural Gas Utilities which offer service to residential and commercial
customers. Companies involved in the leasing of coal mines and the mining and
processing of coal. Companies producing coke for sale to others are included.
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