$FANG
Diamondback Energy, Inc. Stock $fang

$fang Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-Q Financial Statement

#000153983823000134 Filed on November 08, 2023

Income Statement

Concept	2023 Q4	2023 Q3
Revenue	$2.228B	$2.340B
YoY Change	9.75%	-3.98%
Cost Of Revenue	$488.0M	$476.0M
YoY Change	41.86%	16.1%
Gross Profit	$1.740B	$1.864B
YoY Change	3.2%	-8.04%
Gross Profit Margin	78.1%	79.66%
Selling, General & Admin	$39.00M	$34.00M
YoY Change	11.43%	0.0%
% of Gross Profit	2.24%	1.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$469.0M	$442.0M
YoY Change	28.49%	31.55%
% of Gross Profit	26.95%	23.71%
Operating Expenses	$535.0M	$34.00M
YoY Change	25.29%	0.0%
Operating Profit	$1.205B	$1.340B
YoY Change	-4.29%	-16.98%
Interest Expense	$71.00M	-$41.00M
YoY Change	-5.33%	-4.65%
% of Operating Profit	5.89%	-3.06%
Other Income/Expense, Net	-$1.000M	-$71.00M
YoY Change	-50.0%	31.48%
Pretax Income	$1.275B	$1.269B
YoY Change	-1.09%	-18.65%
Income Tax	$264.0M	$276.0M
% Of Pretax Income	20.71%	21.75%
Net Earnings	$955.0M	$915.0M
YoY Change	-4.4%	-22.72%
Net Earnings / Revenue	42.86%	39.1%
Basic Earnings Per Share		$5.07
Diluted Earnings Per Share	$5.34	$5.07
COMMON SHARES
Basic Shares Outstanding	179.0M shares	178.8M shares
Diluted Shares Outstanding		178.9M shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$582.0M	$827.0M
YoY Change	270.7%	2962.96%
Cash & Equivalents	$582.0M	$827.0M
Short-Term Investments
Other Short-Term Assets	$129.0M	$23.00M
YoY Change	-20.37%	-85.53%
Inventory	$63.00M	$70.00M
Prepaid Expenses
Receivables	$654.0M	$789.0M
Other Receivables	$1.000M	$16.00M
Total Short-Term Assets	$1.621B	$1.916B
YoY Change	16.45%	85.84%
LONG-TERM ASSETS
Property, Plant & Equipment	$26.67B	$25.37B
YoY Change	12.27%	15.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$529.0M	$519.0M
YoY Change	-6.54%	-23.0%
Other Assets	$47.00M	$53.00M
YoY Change	11.9%	-8.62%
Total Long-Term Assets	$27.38B	$26.13B
YoY Change	10.33%	14.56%
TOTAL ASSETS
Total Short-Term Assets	$1.621B	$1.916B
Total Long-Term Assets	$27.38B	$26.13B
Total Assets	$29.00B	$28.05B
YoY Change	10.65%	17.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$261.0M	$358.0M
YoY Change	105.51%	157.55%
Accrued Expenses	$968.0M	$825.0M
YoY Change	10.13%	6.59%
Deferred Revenue	$764.0M	$782.0M
YoY Change	23.42%	23.34%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Total Short-Term Liabilities	$2.108B	$2.141B
YoY Change	22.84%	27.59%
LONG-TERM LIABILITIES
Long-Term Debt	$6.641B	$6.230B
YoY Change	6.46%	16.51%
Other Long-Term Liabilities	$12.00M	$12.00M
YoY Change	0.0%	-14.29%
Total Long-Term Liabilities	$6.653B	$6.242B
YoY Change	6.45%	16.43%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.108B	$2.141B
Total Long-Term Liabilities	$6.653B	$6.242B
Total Liabilities	$11.57B	$11.07B
YoY Change	10.0%	19.17%
SHAREHOLDERS EQUITY
Retained Earnings	$2.489B	$2.136B
YoY Change	210.74%	995.38%
Common Stock	$14.14B	$14.15B
YoY Change	-0.5%	3.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$16.63B	$16.28B
YoY Change
Total Liabilities & Shareholders Equity	$29.00B	$28.05B
YoY Change	10.65%	17.64%

Cashflow Statement

Concept	2023 Q4	2023 Q3
OPERATING ACTIVITIES
Net Income	$955.0M	$915.0M
YoY Change	-4.4%	-22.72%
Depreciation, Depletion And Amortization	$469.0M	$442.0M
YoY Change	28.49%	31.55%
Cash From Operating Activities	$1.624B	$1.358B
YoY Change	12.7%	-29.45%
INVESTING ACTIVITIES
Capital Expenditures	$1.469B	$852.0M
YoY Change	-0.74%	-215.29%
Acquisitions
YoY Change
Other Investing Activities	$5.000M	$867.0M
YoY Change	-95.1%	4463.16%
Cash From Investing Activities	-$1.464B	$15.00M
YoY Change	6.24%	-102.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-405.0M	-564.0M
YoY Change	-704.48%	-54.15%
NET CHANGE
Cash From Operating Activities	1.624B	1.358B
Cash From Investing Activities	-1.464B	15.00M
Cash From Financing Activities	-405.0M	-564.0M
Net Change In Cash	-245.0M	809.0M
YoY Change	-288.46%	-3336.0%
FREE CASH FLOW
Cash From Operating Activities	$1.624B	$1.358B
Capital Expenditures	$1.469B	$852.0M
Free Cash Flow	$155.0M	$506.0M
YoY Change	-497.44%	-81.01%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	789000000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	618000000	usd
CY2023Q3	us-gaap	Inventory Net InventoryNet	70000000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	67000000	usd
CY2023Q3	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	1000000	usd
CY2022Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	132000000	usd
CY2023Q3	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	16000000	usd
CY2022Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	284000000	usd
CY2023Q3	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	40647000000	usd
CY2022Q4	us-gaap	Oil And Gas Property Full Cost Method Gross OilAndGasPropertyFullCostMethodGross	37122000000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	706000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	1481000000	usd
CY2023Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	15988000000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	14844000000	usd
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	25365000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	23759000000	usd
CY2022Q4	us-gaap	Escrow Deposit EscrowDeposit	119000000	usd
CY2023Q3	us-gaap	Equity Method Investments EquityMethodInvestments	519000000	usd
CY2022Q4	us-gaap	Equity Method Investments EquityMethodInvestments	566000000	usd
CY2023Q3	us-gaap	Disposal Group Including Discontinued Operation Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent	0	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent	158000000	usd
CY2023Q3	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	1000000	usd
CY2022Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	23000000	usd
CY2023Q3	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	60000000	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	64000000	usd
CY2023Q3	us-gaap	Real Estate Investments RealEstateInvestments	85000000	usd
CY2022Q4	us-gaap	Real Estate Investments RealEstateInvestments	86000000	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	2069000000	usd
CY2023Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	12000000	usd
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	12000000	usd
CY2023Q3	us-gaap	Liabilities Liabilities	11065000000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	10519000000	usd
CY2023Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	178815302	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	178815302	shares
CY2023Q3	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	2000000	usd
CY2022Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	2000000	usd
CY2023Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	14149000000	usd
CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	14213000000	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2136000000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	801000000	usd
CY2023Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-7000000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-7000000	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	16280000000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	15009000000	usd
CY2023Q3	us-gaap	Minority Interest MinorityInterest	704000000	usd
CY2022Q4	us-gaap	Minority Interest MinorityInterest	681000000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	16984000000	usd
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	15690000000	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	28049000000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26209000000	usd
CY2023Q3	us-gaap	Escrow Deposit EscrowDeposit	50000000	usd
CY2023Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	53000000	usd
CY2022Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	42000000	usd
CY2023Q3	us-gaap	Assets Assets	28049000000	usd
CY2022Q4	us-gaap	Assets Assets	26209000000	usd
CY2023Q3	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	358000000	usd
CY2022Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	127000000	usd
CY2023Q3	fang	Accrued Capital Expenditures AccruedCapitalExpenditures	397000000	usd
CY2022Q4	fang	Accrued Capital Expenditures AccruedCapitalExpenditures	480000000	usd
CY2023Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	0	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	10000000	usd
CY2023Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	6230000000	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	6238000000	usd
CY2023Q3	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	199000000	usd
CY2022Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	148000000	usd
CY2023Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	240000000	usd
CY2022Q4	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	336000000	usd
CY2023Q3	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	2243000000	usd
CY2023Q3	us-gaap	Other Operating Income OtherOperatingIncome	16000000	usd
CY2022Q3	us-gaap	Other Operating Income OtherOperatingIncome	20000000	usd
CY2023Q3	us-gaap	Revenues Revenues	2340000000	usd
CY2022Q3	us-gaap	Revenues Revenues	2437000000	usd
CY2023Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	226000000	usd
CY2022Q3	us-gaap	Operating Lease Expense OperatingLeaseExpense	183000000	usd
CY2023Q3	us-gaap	Production Tax Expense ProductionTaxExpense	118000000	usd
CY2022Q3	us-gaap	Production Tax Expense ProductionTaxExpense	156000000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	442000000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	336000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1277000000	usd
CY2022Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	34000000	usd
CY2023Q3	fang	Merger And Integration Expense MergerAndIntegrationExpense	1000000	usd
CY2022Q3	fang	Merger And Integration Expense MergerAndIntegrationExpense	11000000	usd
CY2023Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	47000000	usd
CY2022Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	32000000	usd
CY2023Q3	us-gaap	Costs And Expenses CostsAndExpenses	1000000000	usd
CY2022Q3	us-gaap	Costs And Expenses CostsAndExpenses	823000000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1340000000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1614000000	usd
CY2023Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-41000000	usd
CY2022Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-43000000	usd
CY2023Q3	fang	Other Nonoperating Income Net OtherNonoperatingIncomeNet	37000000	usd
CY2022Q3	fang	Other Nonoperating Income Net OtherNonoperatingIncomeNet	-5000000	usd
CY2023Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-76000000	usd
CY2022Q3	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-24000000	usd
CY2023Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2022Q3	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1000000	usd
CY2023Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9000000	usd
CY2022Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	19000000	usd
CY2023Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-71000000	usd
CY2022Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-54000000	usd
CY2023Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1269000000	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1560000000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	276000000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	290000000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	1270000000	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	78000000	usd
CY2022Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	86000000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	1184000000	usd
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.07
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	6.72
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.07
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	6.72
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	178872000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	174406000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	178872000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	174408000	shares
CY2023Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	3.37
CY2022Q3	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.26
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	5.04
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	8.36
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	15690000000	usd
CY2023Q1	fang	Noncontrolling Interest Increasefrom Unitbased Compensation NoncontrollingInterestIncreasefromUnitbasedCompensation	1000000	usd
CY2023Q1	fang	Limited Partners Capital Account Distribution Equivalent Rights Payments LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments	4000000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	15000000	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	18000000	usd
CY2023Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	332000000	usd
CY2023Q1	fang	Stock Units Repurchased During Period Value StockUnitsRepurchasedDuringPeriodValue	34000000	usd
CY2023Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	633000000	usd
CY2023Q2	fang	Limited Partners Capital Account Distribution Equivalent Rights Payments LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments	1000000	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	22000000	usd
CY2023Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	1000000	usd
CY2023Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	321000000	usd
CY2023Q2	fang	Stock Units Repurchased During Period Value StockUnitsRepurchasedDuringPeriodValue	23000000	usd
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	25000000	usd
CY2023Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	150000000	usd
CY2023Q2	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	2000000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	586000000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	16212000000	usd
CY2023Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	56000000	usd
CY2023Q3	fang	Stock Units Repurchased During Period Value StockUnitsRepurchasedDuringPeriodValue	10000000	usd
CY2023Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	25000000	usd
CY2023Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	149000000	usd
CY2023Q3	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	0	usd
CY2023Q3	us-gaap	Profit Loss ProfitLoss	993000000	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	16984000000	usd
CY2022Q1	fang	Noncontrolling Interest Increasefrom Unitbased Compensation NoncontrollingInterestIncreasefromUnitbasedCompensation	3000000	usd
CY2022Q1	fang	Limited Partners Capital Account Distribution Equivalent Rights Payments LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments	1000000	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	16000000	usd
CY2022Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1000000	usd
CY2022Q1	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	3000000	usd
CY2022Q1	us-gaap	Profit Loss ProfitLoss	803000000	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	13852000000	usd
CY2022Q2	fang	Noncontrolling Interest Increasefrom Unitbased Compensation NoncontrollingInterestIncreasefromUnitbasedCompensation	3000000	usd
CY2022Q2	fang	Limited Partners Capital Account Distribution Equivalent Rights Payments LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments	7000000	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	17000000	usd
CY2022Q2	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	3000000	usd
CY2022Q2	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	303000000	usd
CY2022Q2	fang	Stock Units Repurchased During Period Value StockUnitsRepurchasedDuringPeriodValue	29000000	usd
CY2022Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	63000000	usd
CY2022Q2	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	541000000	usd
CY2022Q2	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	3000000	usd
CY2022Q2	us-gaap	Profit Loss ProfitLoss	1461000000	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	14390000000	usd
CY2022Q3	fang	Noncontrolling Interest Increasefrom Unitbased Compensation NoncontrollingInterestIncreasefromUnitbasedCompensation	2000000	usd
CY2022Q3	fang	Limited Partners Capital Account Distribution Equivalent Rights Payments LimitedPartnersCapitalAccountDistributionEquivalentRightsPayments	6000000	usd
CY2022Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	17000000	usd
CY2022Q3	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	472000000	usd
CY2022Q3	fang	Stock Units Repurchased During Period Value StockUnitsRepurchasedDuringPeriodValue	51000000	usd
CY2022Q3	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	0	usd
CY2022Q3	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	71000000	usd
CY2022Q3	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	526000000	usd
CY2022Q3	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	5000000	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	1270000000	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	14558000000	usd
	us-gaap	Profit Loss ProfitLoss	2325000000	usd
	us-gaap	Profit Loss ProfitLoss	3534000000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	185000000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	375000000	usd
	fang	Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts	1277000000	usd
	fang	Depreciation Depletionand Amortization Excluding Amortizationof Financing Costs DepreciationDepletionandAmortizationExcludingAmortizationofFinancingCosts	979000000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-4000000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-59000000	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-358000000	usd
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-677000000	usd
	fang	Derivative Cash Received Paid On Settlement Of Hedge DerivativeCashReceivedPaidOnSettlementOfHedge	-62000000	usd
	fang	Derivative Cash Received Paid On Settlement Of Hedge DerivativeCashReceivedPaidOnSettlementOfHedge	-816000000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	39000000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	56000000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	40000000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	42000000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	-23000000	usd
	us-gaap	Other Operating Activities Cash Flow Statement OtherOperatingActivitiesCashFlowStatement	57000000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	218000000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	113000000	usd
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-267000000	usd
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	1000000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-5000000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	16000000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	46000000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-29000000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	4000000	usd
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	14000000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	139000000	usd
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	182000000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	12000000	usd
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	4000000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4296000000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4884000000	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	1948000000	usd
	us-gaap	Payments To Explore And Develop Oil And Gas Properties PaymentsToExploreAndDevelopOilAndGasProperties	1327000000	usd
	us-gaap	Payments To Acquire Oil And Gas Equipment PaymentsToAcquireOilAndGasEquipment	104000000	usd
	us-gaap	Payments To Acquire Oil And Gas Equipment PaymentsToAcquireOilAndGasEquipment	69000000	usd
	us-gaap	Payments To Acquire Oil And Gas Property PaymentsToAcquireOilAndGasProperty	1193000000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1400000000	usd
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	14000000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1859000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	4466000000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	4100000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	4368000000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	4119000000	usd
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	0	usd
	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	750000000	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	134000000	usd
	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1910000000	usd
	fang	Proceeds From Repayments To Joint Ventures ProceedsFromRepaymentsToJointVentures	0	usd
	fang	Proceeds From Repayments To Joint Ventures ProceedsFromRepaymentsToJointVentures	-41000000	usd
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	usd
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	49000000	usd
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	782000000	usd
	fang	Payments For Repurchase Of Common Stock Units PaymentsForRepurchaseOfCommonStockUnits	122000000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	841000000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	1174000000	usd
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	84000000	usd
	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	181000000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-34000000	usd
	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-42000000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1771000000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-3570000000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	666000000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-638000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	164000000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	672000000	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	830000000	usd
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. These reclassifications had an immaterial effect on the previously reported total assets, total liabilities, stockholders’ equity, results of operations or cash flows.</span></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts included in or affecting the Company’s condensed consolidated financial statements and related disclosures must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the condensed consolidated financial statements are prepared. These estimates and assumptions affect the amounts the Company reports for assets and liabilities and the Company’s disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements. Actual results could differ from those estimates.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Making accurate estimates and assumptions is particularly difficult in the oil and natural gas industry given the challenges resulting from volatility in oil and natural gas prices. For instance, the war in Ukraine and Israel-Hamas war, rising interest rates, global supply chain disruptions, concerns about a potential economic downturn or recession, recent measures to combat persistent inflation and instability in the financial sector have contributed to recent economic and pricing volatility. The financial results of companies in the oil and natural gas industry have been impacted materially as a result of these events and changing market conditions. Such circumstances generally increase uncertainty in the Company’s accounting estimates, particularly those involving financial forecasts.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Company considers reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from the Company’s estimates. Any effects on the Company’s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas properties, fair value estimates of derivative instruments, the fair value determination of acquired assets and liabilities assumed and estimates of income taxes, including deferred tax valuation allowances.</span></div>
	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
CY2023Q3	fang	Number Of Counties NumberOfCounties	12	county
CY2023Q3	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	2340000000	usd
CY2022Q3	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	2681000000	usd
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	6229000000	usd
	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	8308000000	usd
CY2023Q3	us-gaap	Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax	1341000000	usd
CY2022Q3	us-gaap	Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax	1776000000	usd
	us-gaap	Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax	3401000000	usd
	us-gaap	Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax	5707000000	usd
CY2023Q3	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	916000000	usd
CY2022Q3	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	1356000000	usd
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	2214000000	usd
	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	3866000000	usd
CY2023Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	5.07
CY2022Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	7.34
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	12.18
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Basic BusinessAcquisitionProFormaEarningsPerShareBasic	20.74
CY2023Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	5.07
CY2022Q3	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	7.36
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	12.18
	us-gaap	Business Acquisition Pro Forma Earnings Per Share Diluted BusinessAcquisitionProFormaEarningsPerShareDiluted	20.79
CY2023Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	25365000000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	23759000000	usd
CY2023Q3	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
CY2022Q3	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	0	usd
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	347000000	usd
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	171000000	usd
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	5000000	usd
	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	31000000	usd
	fang	Asset Retirement Obligation Liabilities Acquired AssetRetirementObligationLiabilitiesAcquired	7000000	usd
	fang	Asset Retirement Obligation Liabilities Acquired AssetRetirementObligationLiabilitiesAcquired	3000000	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	83000000	usd
	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	12000000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	12000000	usd
	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	10000000	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-42000000	usd
	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	133000000	usd
CY2023Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	246000000	usd
CY2022Q3	us-gaap	Asset Retirement Obligation AssetRetirementObligation	336000000	usd
CY2023Q3	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	6000000	usd
CY2022Q3	us-gaap	Asset Retirement Obligation Current AssetRetirementObligationCurrent	11000000	usd
CY2023Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	240000000	usd
CY2022Q3	us-gaap	Asset Retirement Obligations Noncurrent AssetRetirementObligationsNoncurrent	325000000	usd
CY2023Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	41000000	usd
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	43000000	usd
CY2023Q3	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	23000000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	26000000	usd
CY2023Q3	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	4000000	usd
CY2022Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	4000000	usd
CY2023Q3	fang	Unamortized Basis Adjustment Of Dedesignated Interest Rate Swap Agreements UnamortizedBasisAdjustmentOfDedesignatedInterestRateSwapAgreements	87000000	usd
CY2022Q4	fang	Unamortized Basis Adjustment Of Dedesignated Interest Rate Swap Agreements UnamortizedBasisAdjustmentOfDedesignatedInterestRateSwapAgreements	106000000	usd
CY2023Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6230000000	usd
CY2022Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6248000000	usd
CY2023Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	0	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	10000000	usd
CY2023Q3	us-gaap	Long Term Debt LongTermDebt	6230000000	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	6238000000	usd
CY2023Q3	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	4000000000	usd
CY2023Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	56000000	usd
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	709000000	usd
CY2022Q3	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	472000000	usd
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	782000000	usd
CY2023Q3	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	1800000000	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	915000000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	1184000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	2183000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3379000000	usd
CY2023Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	8000000	usd
CY2022Q3	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	12000000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	17000000	usd
	us-gaap	Participating Securities Distributed And Undistributed Earnings Loss Basic ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic	34000000	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	907000000	usd
CY2022Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1172000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2166000000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3345000000	usd
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	178872000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	174406000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	180400000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	176169000	shares
CY2023Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2022Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2000	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2000	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	178872000	shares
CY2022Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	174408000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	180400000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	176171000	shares
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	5.07
CY2022Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	6.72
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	12.01
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	18.99
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	5.07
CY2022Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	6.72
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	12.01
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	18.99
CY2023Q3	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	8000000	usd
CY2022Q3	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	6000000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	19000000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	16000000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	276000000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	290000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	648000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	913000000	usd
CY2023Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.217
CY2022Q3	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.186
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.218
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.205
	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-50000000	usd
CY2022Q3	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-50000000	usd
CY2021Q2	us-gaap	Derivative Number Of Instruments Held DerivativeNumberOfInstrumentsHeld	2	instrument
CY2023Q3	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-76000000	usd
CY2022Q3	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-24000000	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-358000000	usd
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-677000000	usd
CY2023Q3	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-24000000	usd
CY2022Q3	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-96000000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-62000000	usd
	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	-816000000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	195000000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	560000000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	639000000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	431000000	usd
	fang	Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue	633000000	usd
	fang	Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue	595000000	usd
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Received1 OtherSignificantNoncashTransactionValueOfConsiderationReceived1	126000000	usd
	us-gaap	Other Significant Noncash Transaction Value Of Consideration Received1 OtherSignificantNoncashTransactionValueOfConsiderationReceived1	0	usd
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1	segment
CY2023Q3	us-gaap	Revenues Revenues	2340000000	usd
CY2023Q3	us-gaap	Revenues Revenues	2340000000	usd
CY2023Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	442000000	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1340000000	usd
CY2023Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-41000000	usd
CY2023Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-30000000	usd
CY2023Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	276000000	usd
CY2023Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	78000000	usd
CY2023Q3	us-gaap	Assets Assets	28049000000	usd
CY2022Q3	us-gaap	Revenues Revenues	2437000000	usd
CY2022Q3	us-gaap	Revenues Revenues	2437000000	usd
CY2022Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	336000000	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1614000000	usd
CY2022Q3	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-43000000	usd
CY2022Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-11000000	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	290000000	usd
CY2022Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	86000000	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	1184000000	usd
CY2022Q4	us-gaap	Assets Assets	26209000000	usd
	us-gaap	Revenues Revenues	6184000000	usd
	us-gaap	Revenues Revenues	6184000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1277000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	3365000000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-138000000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-254000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	648000000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	142000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	2183000000	usd
CY2023Q3	us-gaap	Assets Assets	28049000000	usd
	us-gaap	Revenues Revenues	7613000000	usd
	us-gaap	Revenues Revenues	7613000000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	979000000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	5252000000	usd
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-122000000	usd
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-683000000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	913000000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	155000000	usd
	us-gaap	Net Income Loss NetIncomeLoss	3379000000	usd
CY2022Q4	us-gaap	Assets Assets	26209000000	usd
CY2023Q3	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q3	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q3	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001539838-23-000134-index-headers.html	Edgar Link	pending
0001539838-23-000134-index.html	Edgar Link	pending
0001539838-23-000134.txt	Edgar Link	pending
0001539838-23-000134-xbrl.zip	Edgar Link	pending
fang-20230930.htm	Edgar Link	pending
fang-20230930.xsd	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
q32023diamondback10-qxex311.htm	Edgar Link	pending
q32023diamondback10-qxex312.htm	Edgar Link	pending
q32023diamondback10-qxex321.htm	Edgar Link	pending
q32023diamondback10-qxex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
fang-20230930_cal.xml	Edgar Link	unprocessable
fang-20230930_def.xml	Edgar Link	unprocessable
fang-20230930_lab.xml	Edgar Link	unprocessable
fang-20230930_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
fang-20230930_htm.xml	Edgar Link	completed
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$FANG
Diamondback Energy, Inc. Stock $fang

2023 Q4 Form 10-Q Financial Statement

#000153983823000134 Filed on November 08, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FANG Diamondback Energy, Inc. Stock $fang

2023 Q4 Form 10-Q Financial Statement

#000153983823000134 Filed on November 08, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FANG
Diamondback Energy, Inc. Stock $fang