Diamondback Energy Inc
Company Profile
Business description
Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.
Contact
500 West Texas Avenue
Suite 100
MidlandTX79701
USAT: +1 432 221-7400
Sector
Energy
Stock type
Sensitive
Industry
Oil & Gas E&P
Fiscal Year End
31 December 2026
Employees
1,762
Diamondback Energy Inc News & Analysis
markets
What does a warmer future mean for oil & gas shares?
Morningstar Investment Ideas
Markets
Index | Last price | Change | % Change |
|---|---|---|---|
| All Ordinaries | 8,920.20 | 13.80 | 0.15% |
| CAC 40 | 8,179.77 | 63.01 | 0.78% |
| DAX 40 | 25,568.56 | 207.41 | 0.82% |
| Dow JONES (US) | 52,573.29 | 509.19 | 0.98% |
| FTSE 100 | 10,650.44 | 41.52 | 0.39% |
| HKSE | 24,805.63 | 148.84 | -0.60% |
| NASDAQ | 26,333.04 | 251.31 | 0.96% |
| Nikkei 225 | 64,011.34 | 1,259.61 | -1.93% |
| NZX 50 Index | 13,580.33 | 130.68 | -0.95% |
| S&P 500 | 7,656.98 | 65.28 | 0.86% |
| S&P/ASX 200 | 8,741.20 | 23.30 | 0.27% |
| SSE Composite Index | 3,888.11 | 46.29 | -1.18% |