Diamondback Energy projects the Permian Basin will become the largest US natural gas play by the 2030s, overtaking the Marcellus Shale. CEO Kaes Van’t Hof cites shifting demand dynamics and new LNG pa
Diamondback Energy exceeded Q3 profit expectations due to higher output and elevated oil prices amid Middle East supply disruptions. Adjusted profit reached $5.86 per share as production rose to 1.03
Diamondback Energy beat Q2 profit estimates and raised its 2026 production forecast to over 1 million barrels per day, citing elevated oil prices driven by Middle East supply disruptions.
Diamondback Energy purchased options to hedge against a widening WTI-Brent price spread, anticipating potential U.S. crude export bans driven by geopolitical tensions with Iran.
Diamondback Energy is ramping up shale oil production immediately due to price surges linked to the Iran conflict, unlike peers Exxon Mobil and Chevron who are keeping plans unchanged.
U.S. shale producer Diamondback Energy reported Q1 adjusted profit of $4.23 per share, beating analyst estimates of $3.30. Higher oil prices and increased output drove the company's strong performance
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