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The latest update is out from Diamondback ( (FANG) ).
On February 20, 2025, Diamondback Energy, Inc. announced a leadership transition plan. Travis D. Stice will step down as CEO at the 2025 Annual Meeting of Stockholders, transitioning to Executive Chairman until 2026. Kaes Van’t Hof will succeed Stice as CEO and join the Board, while Jere W. Thompson III will take over as CFO. The transition is part of a succession plan aimed at ensuring continued long-term performance. Additionally, David L. Houston will retire from the Board. These changes are expected to maintain strategic continuity and support Diamondback’s operational and financial strategies.
More about Diamondback
Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas. It focuses on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas.
YTD Price Performance: -3.91%
Average Trading Volume: 2,151,100
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $45.77B
See more insights into FANG stock on TipRanks’ Stock Analysis page.
