Company
Diamondback Energy, Inc.
Headquarters: Midland, TX, United States
Employees: 870
CEO: Mr. Travis D. Stice
Market Cap
$36.30 Billion
USD as of July 1, 2024
Diamondback Energy, Inc. Categories
United States Energy Oil & Gas E&PUnited States Energy United States Oil & Gas E&P
Top Competitors by Market Capitalization
Industry: Oil & Gas E&P
| Company | Market Cap (USD) |
|---|---|
| CNOOC | $147.94 B |
| ConocoPhillips | $133.63 B |
| Canadian Natural Resources Limited | $76.28 B |
| EOG Resources, Inc. | $71.80 B |
| Mitsui & Co. Ltd | $71.17 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Aramco | $1.809 T |
| ExxonMobil | $514.81 B |
| Chevron | $282.20 B |
| PetroChina | $257.67 B |
| Shell | $230.97 B |
Detailed Description
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
Top 1-year algo backtest: +265.99%
$10,000 in October 2023 would now be $36,599 by following this algorithm daily at market close.
Use AI to boost your investing & swing trading, now!
Try Disfold DeepFinance FREE
Stocks & Indices
Diamondback Energy, Inc. has the following listings and related stock indices.
Stock: NASDAQ: FANG wb_incandescent
Stock: BMV: FANG wb_incandescent
Stock: Bovespa: F1AN34 wb_incandescent
Stock: FSX: 7DB wb_incandescent
Product & Services
PetroleumNatural gasNatural gas liquids
Key People
Steven E. West, Chairman Travis D. Stice, CEO Michael L. Hollis, President Kaes Van't Hof, CFO
Financials
Revenue: US$2.813 billion (2020)
Net income: -US$4.517 billion (2020)
Total assets: US$17.619 billion (2020)
Total equity: US$9.804 billion (2020)