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Diamondback Energy, Inc. announces further enhancement to its capital return program and intention to increase base dividend- oil and gas 360

Diamondback Energy, Inc. announces further enhancement to its capital return program and intention to increase base dividend

Oil and Gas 360 MIDLAND, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced the next step in its return of capital program. Beginning in the third quarter of 2022, the Company’s Board of Directors has approved an increase to its return of capital commitment to at least 75% of Free Cash Flow (as defined below),