Diamondback Energy, Inc.

Diamondback Energy Inc. is an independent energy company primarily focused on the exploration, development, and production of oil and natural gas. Headquartered in Midland, Texas, the company’s core operations center on unconventional, onshore reserves in the Permian Basin, a region recognized for its abundant hydrocarbon resources. Diamondback Energy’s activities span both upstream operations, which involve extracting oil and gas from the ground, and midstream services, supporting infrastructure in the Midland and Delaware sub-basins. As of late 2024, the company reported estimated proved reserves of over 3.5 billion barrels of oil equivalent, with a diversified mix across petroleum, natural gas, and natural gas liquids. Diamondback Energy’s business model emphasizes efficient resource development and strategic acquisitions, having integrated several significant regional assets over the years. The company holds a substantial position within the U.S. energy sector and is included in numerous global investment indices, reflecting its scale and influence. Its operations and growth have notable impacts across the fossil fuel industry, particularly in North America, as the Permian Basin continues to play a key role in U.S. energy supply.