Diamondback Energy Inc FANG
$210.72 $0.30 (0.14%) 1D
Last Updated: Aug 21, 12:00 AM·NASDAQ
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FANG Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Diamondback Energy Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Diamondback Energy Inc. Stock Analysis FANG
United States Energy Large Cap Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. The company is headquartered in Midland, Texas and currently employs 1,762 full-time employees. The company went IPO on 2012-10-17. The firm's activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin within the Permian Basin. Its subsidiary, Viper Energy, Inc., is focused on owning and acquiring mineral interests and royalty interests in oil and natural gas properties primarily in the Permian Basin and derives royalty income and lease bonus income from such interests. The firm has approximately 859,203 net acres, which primarily consists of 742,522 net acres in the Midland Basin and 116,681 net acres in the Delaware Basin. Its subsidiaries include Diamondback E&P LLC, Rattler Midstream GP LLC, Rattler Midstream LP and QEP Resources, Inc.
Diamondback Energy Inc (FANG) Chart
Financial Metrics & Statements of Diamondback Energy Inc (FANG)
FAQ's for Diamondback Energy Inc (FANG)
- As of August 2026, Diamondback Energy Inc FANG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Diamondback Energy Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Diamondback Energy Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Diamondback Energy Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Diamondback Energy Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Diamondback Energy Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Diamondback Energy Inc (FANG)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
