A top executive at Diamondback Energy Inc. called on President Donald Trump’s administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a US oil boss. “This administration better have a plan @SecretaryWright,” Kaes Van’t Hof, president of Diamondback, said April 6 in a post on X. He added that US shale […]
Continue ReadingTexas-based Diamondback Energy Inc. has reported a net income of $556 million, or $3.05 per diluted share, for the second quarter, dropping 60 percent from its previous-year quarter net income of $1.4 billion, or $7.93 per diluted share. Diamondback’s net cash from operating activities was $1.51 billion for the second quarter, down 11.3 percent from […]
Continue Reading MIDLAND, Texas, Feb. 21, 2023 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2022. FOURTH QUARTER 2022 HIGHLIGHTS Average production of 226.1 MBO/d (391.4 MBOE/d) Net cash provided by operating activities of $1.44 billion; […]
Continue ReadingSummary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter\’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 was 390.63K Boep/d, up 2.7% sequentially and down from 404.27K Boep/d the same quarter a year ago. I recommend buying […]
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