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Safety is our paramount core value, ensuring employee well-being and minimizing environmental impact. In 2024, we achieved a total recordable incident rate (TRIR) of 0.6, demonstrating our unwavering commitment to creating a safe workplace.

Safety

We pursue operational efficiency and high performance in everything we do, striving to exceed industry standards in production and environmental stewardship while delivering best-in-class results.

Excellence

We recognize our responsibility to all stakeholders—shareholders, employees, and the communities where we operate—and conduct our business with integrity and accountability.

Responsibility

Our collaborative environment empowers all employees to participate and contribute, fostering innovation and continuous improvement across the organization.

Teamwork

We are committed to sustainable growth and environmental stewardship, balancing energy development with responsible resource management and community support.

Sustainability

Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas.

Travis D. Stice

Chairman and Chief Executive Officer

Matthew Kaes Van't Hof

CEO-Elect and Director

Michael L. Hollis

President and Chief Operating Officer

Jere W. Thompson III

Executive Vice President and Chief Financial Officer

Al Barkmann

Executive Vice President and Chief Engineer

Teresa L. Dick

Former Executive Vice President and Chief Financial Officer

Mr. McAllaster

Executive Vice President of Operations

Ms. Blubaugh-Few

Senior Vice President of Accounting and Corporate Controller

Mr. Dolezal

Senior Vice President and Chief Information Officer

Diamondback Energy, headquartered in Midland, Texas, is an American company engaged in hydrocarbon exploration in the Permian Basin. As of December 31, 2024, the company had 3,557 million barrels of oil equivalent of estimated proved reserves, of which 49% was petroleum, 24% was natural gas, and 27% was natural gas liquids. It is ranked 383rd on the Fortune 500 and 471st on the Forbes Global 2000.

https://en.wikipedia.org/wiki/Diamondback_Energy

Core upstream operations focused on horizontal development of oil-bearing formations in the Permian Basin, including the Wolfcamp, Spraberry, Bone Spring, and other prolific zones. Production averaged 571,098 barrels of oil equivalent per day in Q3 2024.

Oil & Gas Exploration and Production

Through its 92% ownership of Viper Energy Partners LLC, Diamondback owns and acquires mineral and royalty interests in oil-weighted basins, providing stable long-term cash flows from third-party production.

Viper Energy Partners (Minerals & Royalties)

Crude oil and natural gas gathering systems that provide transportation and processing services to Diamondback and third-party customers under primarily long-term, fixed-fee contracts.

Midstream Services

Marketing and sales of natural gas production, including development of partnerships for natural gas-fired power plants in the Permian Basin to capture more value from associated gas.

Natural Gas Marketing

Extraction and sale of natural gas liquids including ethane, propane, and butane, representing 27% of the company's proved reserves and providing portfolio diversification.

Natural Gas Liquids (NGL) Production

Diamondback Energy announced Q4 2024 Core FFO per share of $1.73 versus $1.63 in Q4 2023, with record total bookings of $100 million of annualized GAAP rental revenue. The company reported proved reserves of 3,557 MMBOE as of December 31, 2024, up 63% year over year, and increased its quarterly base dividend.

Diamondback Energy Reports Record Q4 and Full Year 2024 Results, Increases Base Dividend

The three companies announced a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian Basin. This partnership aims to enhance operational efficiency and reduce emissions through innovative electric fracturing technology powered by natural gas.

Diamondback Energy, Halliburton, and VoltaGrid Sign Agreement for Electric Simul-Frac Fleets

Diamondback Energy announced the completion of its merger with Endeavor Energy Resources, L.P., creating the largest independent oil and gas producer focused exclusively on the Permian Basin. The combined company has pro forma production of approximately 816,000 barrels of oil equivalent per day and 838,000 net acres.

Diamondback Closes $26 Billion Merger with Endeavor Energy

Diamondback announced that founder and CEO Travis D. Stice will step down as Chief Executive Officer effective at the Company's 2025 Annual Meeting of Stockholders, with Matthew Kaes Van't Hof succeeding him as CEO. Jere W. Thompson III was promoted to Executive Vice President and Chief Financial Officer.

Diamondback Energy Announces Executive Leadership Transition Plan

Diamondback Energy reported annual revenue of $11.066 billion for 2024, a 31.55% increase from 2023. The company's strong performance was driven by the Endeavor merger, operational excellence, and disciplined capital allocation, with significant free cash flow generation enabling robust shareholder returns.

Diamondback Full Year 2024 Earnings Beat Expectations

Diamondback Energy is exploring partnerships to develop natural gas-fired power plants in the Permian Basin to capture more value from associated gas production amid persistently weak Waha natural gas hub pricing. The initiative would help monetize gas that currently has limited market value.

Diamondback Eyes Natural Gas Power Projects Amid Weak Waha Pricing

During Q4 2024, Diamondback repurchased approximately 2.3 million shares of common stock, with approximately $2.5 billion remaining on its current share buyback authorization. The company continues to prioritize capital returns to shareholders while maintaining operational flexibility.

Diamondback Announces Share Repurchase Activity and Capital Allocation Updates

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Some millennials are slowly making inroads into the executive suite of the traditional (non-IT) corporate world, like Kaes Van't Hof (age 39, born August 1, 1986), CEO of Diamondback Energy and a former pro tennis player. Alas, his work seems to be taking a heavy toll on him.

Diamondback Energy ($FANG) Bull Case : Oil at $150 within 2 Months

Diamondback Energy (FANG) Registers a Bigger Fall Than the Market: Important Facts to Note

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Schedules First Quarter 2026 Conference Call for May 5, 2026

Diamondback Energy, Inc. Schedules First Quarter 2026 Conference Call for May 5, 2026

Buy Signal Diamondback Energy Inc - 31 Mar 2026 @ 11:16 -&gt; USD201.07

Buy Signal Diamondback Energy Inc - 25 Mar 2026 @ 13:14 -&gt; USD195.13

Truist initiated coverage on Diamondback Energy with a new price target

Some millennials are slowly making inroads into the executive suite of the traditional (non-IT) corporate world, like Kaes Van't Hof (age 39, born August 1, 1986), CEO of Diamondback Energy, an American company engaged in hydrocarbon exploration in the Permian Basin, and a former pro tennis player.

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Diamondback Energy, Inc.

Travis D. Stice founded Diamondback Energy with the acquisition of 4,174 net acres in the Permian Basin, establishing the foundation for what would become one of the region's largest independent producers.

Company Founded

Diamondback Energy, Inc. was incorporated in Delaware on December 30, 2011, setting the stage for its eventual public market debut.

Formal Incorporation

Diamondback completed its IPO on October 12, 2012, issuing 12,500,000 shares at $17.50 per share on Nasdaq under ticker symbol 'FANG,' raising approximately $218.75 million.

Initial Public Offering

Diamondback acquired assets from Brigham Resources for $2.55 billion, significantly expanding its Permian Basin footprint and production capacity.

Brigham Resources Acquisition

The company acquired Ajax Resources assets for $1.25 billion, further consolidating its position in key Permian Basin areas.

Ajax Resources Acquisition

Diamondback completed the acquisition of Energen Corporation, adding high-quality acreage and production to its portfolio.

Energen Acquisition

The company acquired QEP Resources, continuing its strategic expansion in the Permian Basin through accretive acquisitions.

QEP Resources Acquisition

Diamondback announced a definitive merger agreement with Endeavor Energy Resources valued at approximately $26 billion, the largest transaction in company history.

Endeavor Energy Merger Announced

Diamondback completed the merger with Endeavor Energy Resources on September 10, 2024, creating the largest independent Permian Basin producer with 838,000 net acres and production of 816,000 BOE/day.

Endeavor Energy Merger Closes

Diamondback, Halliburton, and VoltaGrid announced an agreement to deploy four advanced electric simul-frac fleets across the Permian Basin, advancing operational efficiency and sustainability.

Electric Fracturing Partnership

Diamondback reported annual revenue of $11.066 billion for 2024, a 31.55% increase from 2023, demonstrating strong operational and financial performance.

Record Annual Revenue

The company announced Travis D. Stice will step down as CEO at the 2025 Annual Meeting, with Matthew Kaes Van't Hof succeeding him, while Jere W. Thompson III was promoted to CFO.

Leadership Transition Announced

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The Blue Alliance is a tool to help FIRST Robotics teams scout for, compete at, and relive competitions.

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Hermes Robotics is a San Francisco-based robotics company founded that provides autonomous street sweeping as a service by retro-fitting existing vehicles with autonomous technology. The YC W21 company achieved $1M in revenue in 2024 with a lean team of just 5 employees, raised $125K from Y Combinator plus additional bootstrap funding, and received an M&A offer in April 2025.

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