Diamondback Energy, Inc. Responds to Humanitarian Crisis in Eastern Europe and Ukraine

Rhea-AI Summary

Diamondback Energy (FANG) has pledged a $10 million donation to support humanitarian efforts for Ukrainians displaced by the ongoing conflict. The funds will be allocated to various non-profit organizations providing direct aid to affected individuals. CEO Travis Stice emphasized the company's commitment to assist the millions suffering due to the crisis, highlighting the importance of providing care and comfort during this challenging time. This move reflects Diamondback's engagement in social responsibility amid global events.

Positive

• Commitment of $10 million to humanitarian efforts in Ukraine.
• Direct support to non-profits assisting displaced individuals.

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• None.

MIDLAND, Texas, March 17, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (“Diamondback”) (Nasdaq: FANG) today announced a $10 million commitment to support various non-profit entities that have risen to meet the humanitarian needs of the people of Ukraine displaced by the Russian invasion of their country.

“These donations are being made to help the millions of men, women, and children who have had to leave their homes as a result of this unjust war and will go to organizations that are giving direct care and comfort to the people of Ukraine in this time of great need,” said Travis Stice, Chairman and Chief Executive Officer at Diamondback.

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.  For more information, please visit www.diamondbackenergy.com.

Investor Relations and Media Contacts

Investors:
Adam Lawlis
+1 432.221.7467
alawlis@diamondbackenergy.com

Media:
Clint Williamson
+1 432.247.6220
cwilliamson@diamondbackenergy.com

FAQ

What is Diamondback Energy's commitment to Ukraine?

Diamondback Energy has committed $10 million to support humanitarian efforts for those displaced by the conflict in Ukraine.

What organizations will benefit from Diamondback Energy's donation?

The donations will go to various non-profits providing direct care to displaced individuals in Ukraine.

What is the significance of Diamondback Energy's donation?

The donation reflects Diamondback's commitment to social responsibility and helping those in crisis during the ongoing conflict in Ukraine.

When was Diamondback Energy's donation announced?

The donation was announced on March 17, 2022.

What is the stock symbol for Diamondback Energy?

Diamondback Energy trades under the stock symbol FANG.