Diamondback Energy Hiking Shale Output. Oil Stocks Skid On Earnings.
Corroborated by 3 sources from 3 publishers
TL;DR
Reports differ across sources; according to finance.yahoo.com, key Points - "Green light framework": Diamondback said a major global oil supply disruption and falling inventories justify higher activity, adding 2–3 rigs and a fifth completion crew and targeting a new oil baseline of 520k+ barrels/day.
Sources
1
Yahoo Finance News
https://www.investors.com/news/oil-stocks-buy-points-energy-earnings-diamondback-tidewater-transocean?src=A00220&yptr=yahoo
2
Bloomberg Industries
https://www.bloomberg.com/news/articles/2026-05-05/diamondback-fang-sees-10-more-permian-oil-rigs-by-year-end-as-war-lifts-price
3
Yahoo Finance News
https://finance.yahoo.com/sectors/energy/articles/diamondback-energy-q1-earnings-call-154704238.html