Detail akcie Diamondback Energy Inc, Ordinary, NASDAQ Stock Exchange Global Select Market online

Business Summary: Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The Company's activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico. Its total acreage position in the Permian Basin includes approximately 607,877 gross (493,769 net) acres, which consists primarily of 428,324 gross (349,707 net) acres in the Midland Basin and 174,828 gross (143,742 net) acres in the Delaware Basin. The Company is also engaged in midstream gathering, compression, water handling, disposal and treatment operations. Its subsidiary Viper Energy, Inc., also owns mineral interests in the Permian Basin.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Diamondback Energy Inc revenues decreased 13% to $8.41B. Net income applicable to common stockholders decreased 28% to $3.12B. Revenues reflect All Other segment decrease of 4% to $68M, Crude Oil Production-Delaware Basin decrease of 11% to 20.2M barrels. Net income also reflects Upstream segment income decrease of 30% to $4.52B, All Other segment income decrease of 22% to $129M.