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Diamondback's Strong Q1 Performance
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Diamondback Energy, Inc. releases Q1 2024 results, showcasing a robust performance with significant drilling activities and strong financial outcomes, including a substantial increase in Free Cash Flow. The subsidiary, Viper Energy, Inc., also demonstrates resilience amid commodity price declines and anticipates a positive outlook for the full year 2024 with strategic divestitures.
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How might Diamondback Energy's approved combination with Endeavor Energy Resources impact its market positioning and growth strategy?
In what ways could the divestiture of non-Permian assets by Viper Energy influence its strategic focus and financial performance moving forward?
What measures did Viper Energy implement to maintain profitability amidst declining commodity prices, and how might these strategies evolve in the future?
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