Alerts for Deep Blue Marine Inc Withdrawn; Diamondback Energy Net Sales Breakdown.

Diamondback Energy, Inc. is a US-based oil and natural gas exploration and production company. In 2024, they produced 123.3 million barrels of crude oil, 49.7 million barrels of liquefied natural gas, and 5.6 billion cubic meters of natural gas. The company's net sales are solely from the US.

Diamondback Energy, Inc., a leading US-based oil and natural gas exploration and production company, reported significant production milestones in 2024. The company produced 123.3 million barrels of crude oil, 49.7 million barrels of liquefied natural gas (LNG), and 5.6 billion cubic meters of natural gas [2]. This robust output underscores the company's strong position in the US energy sector, where all its net sales originate.

Diamondback Energy's production mix is heavily skewed towards crude oil, accounting for 89.8% of its total production. The company's 123.3 million barrels of crude oil produced in 2024 reflect its dominance in the Permian Basin, one of the most prolific oil-producing regions in the US. The remaining 9.3% of its production comes from LNG, while natural gas accounts for 0.9% of the total output [2].

The company's operational focus on the Permian Basin has paid off, with its crude oil production reaching a significant milestone in 2024. This output is a testament to the company's operational efficiency and strategic focus on key basins. The company's strong performance in crude oil production is particularly notable, given the global geopolitical uncertainties that have characterized the energy sector in recent years.

Diamondback Energy's strong production figures in 2024 are a positive indicator for the broader US oil and gas sector. The company's ability to maintain high production levels despite these uncertainties underscores the resilience of the US energy sector. As the global demand for energy continues to grow, companies like Diamondback Energy are well-positioned to capitalize on this trend.

Investors interested in the oil and gas sector should keep a close eye on companies like Diamondback Energy. The company's strong operational performance and strategic focus on key basins make it an attractive investment opportunity. As the energy sector continues to evolve, companies like Diamondback Energy are likely to play a significant role in shaping the future of the industry.

References:
[1] https://www.nasdaq.com/articles/us-oil-output-breaks-records-3-energy-producers-watch
[2] https://www.marketscreener.com/news/alerts-incorrectly-tagged-to-deep-blue-marine-inc-withdrawn-ce7c50d3d18afe20