Diamondback Energy Added to the Nasdaq – 100 Index

Rhea-AI Summary

Diamondback Energy (NASDAQ: FANG) announced its inclusion in the Nasdaq-100 Index, effective December 19, 2022. This recognition marks a significant achievement for Diamondback, as it becomes the first energy exploration and production (E&P) company to join this prestigious index. The Nasdaq-100 comprises the largest non-financial companies listed on Nasdaq and is updated annually. Diamondback has been listed on Nasdaq since going public in October 2012, highlighting its growth and commitment to the oil and gas sector, particularly in the Permian Basin.

Positive

• Inclusion in the Nasdaq-100 Index enhances visibility and credibility among investors.
• Diamondback is the first energy E&P company to be added to the Nasdaq-100, showcasing its industry leadership.

Negative

• None.

MIDLAND, Texas, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has been added to the Nasdaq-100^® Index, the top 100 largest domestic and international non-financial companies on The Nasdaq based on market capitalization. Nasdaq announced the inclusion on Friday, December 9, 2022, which will become effective prior to market open on Monday, December 19, 2022.

“Diamondback is proud and excited to be included in the Nasdaq-100. We have been listed on the Nasdaq exchange since the Company went public as a small cap producer in October 2012. To achieve this honor in just over ten years as a public company is a testament to our employees and their commitment to building this Company into the significant Texas-based oil producer we are today,” stated Travis Stice, Chairman and CEO of Diamondback.

• Established in 1985, the Nasdaq – 100 Index is home to category-defining companies on the forefront of innovation. The Nasdaq – 100 is updated annually and is subject to change
• Diamondback is the first energy E&P company to be added to The Nasdaq – 100 Index
• Diamondback commenced trading on The Nasdaq Global Select Market on October 12, 2012
  

About Diamondback Energy, Inc.

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

Investor Contact: Adam Lawlis
+1 432.221.7467
alawlis@diamondbackenergy.com

Source: Diamondback Energy, Inc.

FAQ

When will Diamondback Energy be added to the Nasdaq-100 Index?

Diamondback Energy will be added to the Nasdaq-100 Index effective prior to market open on December 19, 2022.

What is the significance of Diamondback Energy joining the Nasdaq-100?

Joining the Nasdaq-100 Index signifies recognition as one of the largest non-financial companies based on market capitalization, enhancing the company's visibility and investor interest.

Is Diamondback Energy the first energy company in the Nasdaq-100?

Yes, Diamondback Energy is the first energy exploration and production company to be added to the Nasdaq-100 Index.

How long has Diamondback Energy been listed on Nasdaq?

Diamondback Energy has been listed on Nasdaq since October 12, 2012.