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flag Diamondback Energy holds 2026 oil output flat at 500K–510K bpd, prioritizing debt reduction and shareholder returns despite a $3.7B impairment charge.

flag Diamondback Energy reported flat oil production guidance for 2026, maintaining 500,000–510,000 bpd amid a shift to "maintenance mode" focused on debt reduction and shareholder returns. flag The company generated $5.9 billion in adjusted free cash flow in 2025, returning $3.2 billion to shareholders, and repaid $950 million in debt. flag Despite a $3.7 billion non-cash impairment charge and lower oil prices, Diamondback remains a low-cost producer with strong reserves and a disciplined capital strategy. flag Geopolitical tensions and earlier fears of a global oil glut have eased, with prices rebounding in early 2026.

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