Diamondback Energy (FANG) Increases Share Buyback to $4B, Reports Q2 Results
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Diamondback Energy, Inc. Announces Second Quarter 2022 Financial and Operating Results; Increases Share Repurchase Authorization to $4 Billion
August 1, 2022 4:01 PM EDTMIDLAND, Texas, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today announced financial and operating results for the second quarter ended June 30, 2022.
SECOND QUARTER 2022 HIGHLIGHTS
Average production of 221.1 MBO/d (380.5 MBOE/d)Cash flow from operating activities of $1.7 billion; Operating Cash Flow Before Working Capital Changes (as defined and reconciled below) of $1.8 billionCash capital expenditures of $468 millionFree Cash Flow (as defined and reconciled... More