Diamondback Energy reports $2.4 billion loss in second quarter

(CBS7 File Photo)
(CBS7 File Photo)(KOSA)
Published: Aug. 10, 2020 at 1:45 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

MIDLAND, Texas (KOSA) - The oil and gas industry continues to see the effects of the COVID-19 pandemic.

On August 3 Diamondback Energy announced a $2.393 billion loss for its second quarter or $15.17 per diluted share.

Diamondback also announced that it drilled 37 gross horizontal wells in the Midland basin and 21 wells in the Delaware Basin.

Both Chevron and Exxon also announced losses in the billions for the second quarter.

You can find the full second quarter report here.

Copyright 2020 KOSA. All rights reserved.