Diamondback Energy, Inc. (FANG)

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.

Industry: Crude Petroleum & Natural Gas (SIC 1311)

Market region: US

Address: 500 West Texas Avenue, Suite 100, Midland, TX, 79701

Market capitalization

59.39 billion USD (59,386,597,487 USD)

Listing date

10/12/2012

Weighted shares outstanding

280,019,792

Share class shares outstanding

280,024,353

https://www.diamondbackenergy.com