Diamondback Energy Inc.’s largest shareholder is seeking to raise as much as $1.94 billion in a sale of shares in the oil and natural gas company, according to people familiar with the matter.
A row of pumpjacks at an Diamondback Energy Inc. oil rig in Midland, Texas.
The daughter of late wildcatter Autry Stephens is selling about $2 billion of Diamondback Energy Inc. stock received from the sale of the oil mogul’s company.
A row of pumpjacks is seen as U.S. Vice President Mike Pence, not pictured, tours a Diamondback Energy Inc. oil rig in Midland, Texas, U.S., on Wednesday, April 17, 2019. Pence gave remarks to employees regarding the impacts of the Administration's United States-Mexico-Canada Agreement.
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