COVID Stimulus Watch Individual Entry

Recipient Company:
Diamondback Energy Inc
Loan or Loan Guarantee Amount:
$3,007,643

Recipient Details

Ownership Structure: publicly traded (ticker symbol FANG)

Award Details

Award Date: Jun 28, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Diamondback Energy
Headquartered in: Texas
Parent Sector: oil and gas
Parent Industry: oil & gas
Employees (prior to pandemic): 712

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Government-contracting-related Penalties: $1,207,800
Environment icon
Environmental / Healthcare / Safety Penalties: $4,780,832
ConsumerProt icon
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 116 to 1
CEO Compensation: $16,049,655
Worker Median Pay: $137,832
Tax icon
Total Federal, State, and Local Subsidies: $348,605
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues