Permian oil producer
Diamondback Energy, Inc.
Diamondback Energy produces oil, natural gas and natural gas liquids in the Permian Basin of West Texas and sells them to midstream and commodity-trading companies. Its drilling and completion program depends on oilfield and water services, while acquisitions have expanded its contiguous acreage and production scale.
FANG Updated Sep 11, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Diamondback Energy, Inc. is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 4 companies within two hops; the links are backed by 5 dated sources, 1 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 total revenue of $15.026 billion
- Segments · Upstream
Revenue from
- Medallion Midstream High confidence· Revenue share 16% · FY2025 · Medallion Midstream's share of Diamondback Energy total revenue
Medallion Midstream was Diamondback Energy's largest oil and gas purchaser in 2025, accounting for 16% of revenue. - Shell Trading (USA) Company High confidence· Revenue share 13% · FY2025 · Shell Trading (USA) Company's share of Diamondback Energy total revenue
Shell Trading (USA) was a major purchaser of Diamondback Energy's oil and gas in 2025, accounting for 13% of revenue.
Pays to
- Deep Blue Midland Basin LLC High confidence· Amount $199M · FY2025 · Completion-phase water services provided by Deep Blue and capitalized by Diamondback Energy
Diamondback dedicated produced-water and supply-water services across 12 counties to Deep Blue for 15 years. It capitalized $199 million of completion-phase water services provided in 2025. - Schlumberger High confidence· length 13,351 ft · Q2 2019 · Length of the Diamondback Energy lateral drilled with Schlumberger's PowerDrive Orbit system
Schlumberger used its PowerDrive Orbit system for drilling and measurements on a Diamondback Energy well in the Permian Basin in 2019. The disclosed project confirms a service relationship, but its current status and payment amount are not public. - Halliburton Medium confidence· Count 4 fleet · Q1 2025 earnings call · Halliburton ZEUS electric fracturing fleets in operation at the time of the earnings call
Diamondback Energy management said on its first-quarter 2025 earnings call that it was running four Halliburton ZEUS electric fracturing fleets. Counterparty-specific spending was not disclosed.Confirms EN ROIC AI Published May 6, 2025: Diamondback Energy, Inc. Earnings Call Transcript Q1 2025
Investments
- Endeavor Parent, LLC (Endeavor Energy Resources) High confidence· Contract value $27.4B · acquisition closed 2024-09-10; purchase-price allocation finalized September 2025 · Total Endeavor acquisition consideration including the fair value of Diamondback shares issued
Diamondback Energy completed its acquisition of 100% of Endeavor in September 2024. The finalized purchase-price allocation in 2025 put total consideration, including the fair value of stock issued, at $27.42 billion; this differs in basis from the $26 billion announced deal value.Confirms EN Wood Mackenzie Published Feb 26, 2024: Diamondback acquires Endeavor Energy for US$26 billion
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | node | +127.5 | +35.3 | +19.7 | +10.3 | -5.6 | +34.8 |
| Schlumberger | benef1 | +39.6 | +81.2 | -0.8 | -24.5 | +3.3 | +52.3 |
| Halliburton | benef1 | +22 | +74.5 | -6.5 | -23.2 | +7 | +33 |
| NVIDIA | benef2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.7 |
| Amazon | benef2 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
YTD as of 2026-09-04 · source: Yahoo Finance
Diamondback Energy, Inc. operates across Permian oil producer. It is +34.8% in 2026. The stock (+34.8%) and its supply side (avg +52.3%) are moving in step. Its drilling and completion program depends on oilfield and water services, while acquisitions have expanded its contiguous acreage and production scale.
Analysis generated from returns as of 2026-09-04