Diamondback Energy Inc

Common Name
Diamondback Energy
Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
1,983
Ticker
FANG
Exchange
NASDAQ/NGS
Description
Diamondback Energy Inc. is an independent energy company primarily focused on the exploration, development, and production of oil and natural gas. Headquartered in Midland, Texas, the company’s core o...

Diamondback Energy's Climate Target Data Preview

As of 2025, Diamondback Energy has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 intensity-based targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Diamondback Energy ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total
Metric Tonnes of CH4 (mtCH4) per Barrel of Oil Equivalent (BOE) of Gross Oil and Gas Produced
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a
2030
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Gross Oil and Gas Produced
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a
2030
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Verified Sources Behind Diamondback Energy’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Diamondback Energy’s data sources below and access millions more through our Disclosure Search.

a. Diamondback Energy's Sustainability Report 2025
a. Diamondback Energy's Sustainability Report 2025

Insights into Diamondback Energy's Greenhouse Gas Emissions Pathways

As of 2025, Diamondback Energy has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Diamondback Energy have a target to reduce the emissions from its operations?

As of 2025, Diamondback Energy has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Diamondback Energy's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 0.012 Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Gross Oil and Gas Produced in 2020. a

Instead of reducing operational emissions, Diamondback Energy has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target. a

Diamondback Energy's Operational (Scope 1+2) Emissions Pathway

202020242030000.010.010.01Current (+9%)Target 2030 (-50%)
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