Diamondback Energy's buyout of Double Eagle could signal the winding down of the rapid consolidation of the Permian Basin ...

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Diamondback Energy has agreed to acquire certain subsidiaries of Double Eagle IV Midco for 6.9 million shares and $3 billion ...

This story was produced in partnership with the Pulitzer Center. It is part one of a four-part series. Jose Gonzalez* wore no ...

Exxon Mobil reported strong Q4'24 earnings and FCF, driven by production growth from the Pioneer Natural Resources acquisition. Read why XOM stock is a Strong Buy.

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ExxonMobil produced 1.5 million barrels of oil equivalent per day from the Permian Basin by the end of 2024 and anticipates producing 2.3 million barrels per day by 2030, an increase of over 50%.

Last Friday, Exxon Mobil Corporation XOM reported fourth-quarter 2024 earnings that exceeded expectations, driven by stellar production from Guyana and Permian, contributing to a strong business ...

Double Eagle's co-CEO is a major Texas Tech booster who helped the Red Raiders recruit one of the top-ranked transfer portal ...

The biggest was ExxonMobil's (NYSE: XOM) more than $60 billion megadeal for Pioneer Natural Resources to solidify its position in the oil-rich Permian Basin. That transaction forced several rivals ...