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Diamondback Energy Inc (Diamondback) is an oil and natural gas company that focuses on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves. Its major products include natural gas, crude oil, and natural gas liquids. Diamondback operates through its subsidiaries, which hold mineral interests primarily in the Permian Basin and manage crude oil and natural gas gathering systems. The company's products serve various industries, including energy, power, and manufacturing sectors that provide essential resources for fuel and production processes. It operates across the US and Mexico. Diamondback is headquartered in Midland, Texas, the US.
Headquarters
United States of America
Address
Suite 100, 500 West Texas, Midland, 79701
Website
ir.diamondbackenergy.com
Telephone
1 432 2217400
No of Employees
1,762
Industry
Energy and Utilities
Ticker Symbol & Exchange
FANG (NASD)
Revenue (2024)
$15.0B
35.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-50.1%
(2024 vs 2023)
Market Cap*
$55.9B
Net Profit Margin (2024)
XYZ
-63.3%
(2024 vs 2023)
* As of and is in US$
Diamondback Energy Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Crude Oil |
| Natural Gas Liquids |
| Natural Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Plans/Strategy | In November, the company announced its plans to sell Viper Energy's non-Permian assets to an affiliate of GRP Energy Capital & Warwick Capital Partners for US$670 million. |
| 2025 | Divestiture | In November, the company and Kinetik Holdings Inc. sold EPIC Crude Holdings, LP to Plains All American Pipeline, L.P. |
| 2025 | Divestiture | In October, the company sold Environmental Disposal Systems, LLC to Deep Blue Midland Basin LLC. |
Competitor Comparison
| Key Parameters | Diamondback Energy Inc | EOG Resources Inc | Occidental Petroleum Corp | Devon Energy Corp | APA Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Midland | Houston | Houston | Oklahoma City | Houston |
| State/Province | Texas | Texas | Texas | Oklahoma | Texas |
| No. of Employees | 1,762 | 3,400 | 10,412 | 2,200 | 1,791 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Travis D. Stice | Chairman | Executive Board | 2012 | 64 |
| Kaes Van't Hof | Director; Chief Executive Officer | Executive Board | 2025 | 39 |
| Jere W. Thompson III | Chief Financial Officer; Executive Vice President | Senior Management | 2025 | 37 |
| Danny Wesson | Chief Operating Officer; Executive Vice President | Senior Management | - | 42 |
| Teresa L. Dick | Assistant Secretary; Executive Vice President; Chief Accounting Officer | Senior Management | - | 56 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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