Diamondback Energy, Inc. is an independent oil and natural gas company dedicated to the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves, particularly in the Permian Basin of West Texas. The company specializes in developing the Spraberry and Wolfcamp formations in the Midland Basin, as well as the Wolfcamp and Bone Spring formations in the Delaware Basin. As of December 31, 2021, Diamondback Energy owned approximately 524,700 gross acres in the Permian Basin, with estimated proved reserves of 1,788,991 thousand barrels of crude oil equivalent. The company also maintains working interests in 5,289 gross producing wells and holds royalty interests in an additional 6,455 wells. Beyond its ample acreage, Diamondback Energy possesses mineral interests over approximately 930,871 gross acres and 27,027 net royalty acres within the Permian Basin and Eagle Ford Shale. Furthermore, it owns, operates, develops, and acquires midstream infrastructure assets, encompassing 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system across the Midland and Delaware Basins. The company incurred an income tax expense of $800,000,000.00 indicating its tax obligations. The cost of revenue for the company is $994,000,000.00 showcasing its production and operational expenses. Additionally, the company reported selling, general, and administrative expenses of $213,000,000.00 indicating its operational overhead costs. The EBITDA is $7,639,000,000.00 a key indicator of the company's operational profitability. The company's stock is identified with the symbol '$FANG' in the market. As a publicly traded entity, the stock is reasonably priced at $161.35 appealing to a broad range of investors. The stock has a high average trading volume of 2,507,338.00 indicating strong liquidity in the market. With a mid-range market capitalization of $46,275,827,080.00 the company is a steady performer within its sector. It is a key player in the Oil & Gas Exploration & Production industry, contributing significantly to the overall market landscape. Furthermore, it belongs to the Energy sector, driving innovation and growth while navigating the complexities of energy production and distribution.