Diamondback Energy said on September 18, 2024 its board approved raising the total authorized repurchases under the existing common stock repurchase program from $4 billion to $6 billion.

1. 01

   Diamondback Energy said on September 18, 2024 its board approved raising the total authorized repurchases under the existing common stock repurchase program from $4 billion to $6 billion.

2. 02

   The company said that as of September 18, 2024, it had repurchased 20,257,528 shares of common stock under the program at an average price of $127.00 per share, for a total cost of approximately $2.57 billion.

3. 03

   The company said the Board adopted the Fifth Amended and Restated Bylaws on September 18, 2024, adding provisions under which stockholder requests for a special meeting are deemed revoked if the then-unrevoked requests represent ownership below the Requisite Percent.

4. 04

   Diamondback Energy said the Fifth Amended and Restated Bylaws remove the requirement for stockholder lists to be made available at a stockholder meeting, conform to Delaware corporate law, and expand the representations, warranties and indemnification required of nominating stockholders using the proxy access provision.

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