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Historical Annual Returns
Over the past 14 years, Diamondback Energy Inc. has delivered an average annual return of 28.1%. The stock peaked in 2013 with a massive +174.8% gain, while investors faced a downturn in 2020 (-45.9%). Overall, the stock finished in the green 10 times out of 14 years.
Avg Return
+28.1%
Win Rate
71%
10W - 4L
Best
+174.8%
2013
Worst
-45.9%
2020
Performance Consistency
About Diamondback Energy Inc.
Visit Website ↗Diamondback Energy Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional oil and natural gas properties in the Permian Basin in West Texas. The company's operations are primarily concentrated on horizontal drilling and hydraulic fracturing across its acreage in the Midland and Delaware Basins. Diamondback is committed to maximizing shareholder value through efficient operations, strategic growth, and responsible energy production.
Key Business Segments
Exploration and Production
Engages in the acquisition, development, exploration, and exploitation of oil and natural gas properties, primarily in the Permian Basin.
Key Innovations
- ✓Efficiently deploys horizontal drilling and multi-stage hydraulic fracturing techniques to unlock significant hydrocarbon reserves in the Permian Basin.
- ✓Focus on operational excellence and cost control to drive profitability and maximize resource recovery.
Historical Milestones
Diamondback Energy Inc. is founded.
Goes public on the Nasdaq Stock Market, focusing its operations on the Permian Basin.
Acquires Energen Corporation, significantly expanding its Permian Basin footprint and production capabilities.