Despite Slightly Lower Oil Prices, Diamondback Is Still Delivering Impressive Shareholder Returns

Diamondback Energy was a modest-size oil and gas producer when it went public in 2012, but it has rapidly become one of the largest Permian-focused oil firms through a combination of organic growth and corporate acquisitions, most recently Firebird Energy and Lario Permian in 2022. The firm consistently ranks among the lowest-cost independent producers in the entire industry, supporting a maintainable margin advantage.