Diamondback Energy, Inc. (FANG), headquartered in Midland, Texas, operates as an independent oil and natural gas exploration and production company. With a market cap of $39.5 billion, the company acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Companies worth$10 billion or more are generally described as “large-cap stocks,” and FANG perfectly fits that description, with its market cap exceeding this mark, underscoring it ...