Geopolitics Alpha

Diamondback plans modest oil supply growth despite inflation

Published . Updated .

Key takeaways

  • Exposed: USO, XLE, TIP, XOM, CVX
  • Market reaction: XLE −0.7% on the day (still updating); USO +0.2% on the day (still updating); WMT −2.0% on the day (still updating)

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ENERGYDiamondback plans modest oilsupply growth despite inflationFANGGEOPOLITICS ALPHA

This report is about oil and inflation and prices. Names like XOM and CVX typically gain because exxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Directly affected

  • FANG Diamondback Energy+8.1% 30d

    Named in this report.

Indirectly affected

  • USO United States Oil Fund+8.9% 30d

    United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.

  • XLE Energy Select Sector SPDR+8.9% 30d

    Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XOM ExxonMobil Holdings+6.2% 16d

    ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • CVX Chevron+12.5% 30d

    Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

  • WMT Walmart+16.0% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+15.7% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COP ConocoPhillips+4.8% 30d

    ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
FANG+2.62%+3.60%base-2.81%after closeafter closeafter close
USO+4.37%+7.30%base+0.25%after closeafter closeafter close
XLE+1.44%+2.16%base-0.66%after closeafter closeafter close
TIP-0.07%+0.06%base-0.25%after closeafter closeafter close
XOM+0.06%+1.89%base-1.13%after closeafter closeafter close
CVX+0.19%+1.58%base-0.84%after closeafter closeafter close
WMT-6.59%-5.06%base-2.01%after closeafter closeafter close
COST-4.67%-4.31%base-1.54%after closeafter closeafter close
COP+0.74%+2.12%base-1.95%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Diamondback plans modest oil supply growth despite inflation Quantum Commodity Intelligence

Source: Quantum Commodity Intelligence

United States Oil Fund (USO) since “Diamondback plans modest oil supply growth despite inflation,” compared with the market

CompanyWhenMoveStatus
Conocophillips (COP)that day-1.95%still updating
Conocophillips (COP)three days earlier+2.12%final price
Conocophillips (COP)five days earlier+0.74%final price
Costco Wholesale (COST)that day-1.54%still updating
Costco Wholesale (COST)three days earlier-4.31%final price
Costco Wholesale (COST)five days earlier-4.67%final price
Chevron (CVX)that day-0.84%still updating
Chevron (CVX)three days earlier+1.58%final price
Chevron (CVX)five days earlier+0.19%final price
FANGthat day-2.81%still updating
FANGthree days earlier+3.60%final price
FANGfive days earlier+2.62%final price
Ishares Tr (TIP)that day-0.25%still updating
Ishares Tr (TIP)three days earlier+0.06%final price
Ishares Tr (TIP)five days earlier-0.07%final price
United States Oil Fund (USO)that day+0.25%still updating
United States Oil Fund (USO)three days earlier+7.30%final price
United States Oil Fund (USO)five days earlier+4.37%final price
Walmart (WMT)that day-2.01%still updating
Walmart (WMT)three days earlier-5.06%final price
Walmart (WMT)five days earlier-6.59%final price
Select Sector Spdr Tr (XLE)that day-0.66%still updating
Select Sector Spdr Tr (XLE)three days earlier+2.16%final price
Select Sector Spdr Tr (XLE)five days earlier+1.44%final price
ExxonMobil Holdings (XOM)that day-1.13%still updating
ExxonMobil Holdings (XOM)three days earlier+1.89%final price
ExxonMobil Holdings (XOM)five days earlier+0.06%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “Diamondback plans modest oil supply growth despite inflation”

The side that tends to collect

  • XOM ExxonMobil Holdings

    In “Diamondback plans modest oil supply growth despite inflation,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

  • CVX Chevron

    Chevron (CVX) tends to benefit, medium confidence in the 3 Nov 2026 story “Diamondback plans modest oil supply growth despite inflation.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story

No up or down call on file

  • USO United States Oil Fund

    For “Diamondback plans modest oil supply growth despite inflation,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

  • XLE Select Sector Spdr Tr

    In “Diamondback plans modest oil supply growth despite inflation,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

  • TIP Ishares Tr

    In “Diamondback plans modest oil supply growth despite inflation,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story

  • WMT Walmart

    For “Diamondback plans modest oil supply growth despite inflation,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story

United States Oil Fund (USO) and the energy link

“Diamondback plans modest oil supply growth despite inflation” (3 Nov 2026) reaches United States Oil Fund (USO) through Energy.

United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story

Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story

What this energy story puts on the calendar

TIP traded between 103.77 and 105.67 across 20 sessions. The latest close on file is 105.27. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 156.89. XLE traded between 62.95 and 70.15 across 20 sessions. The latest close on file is 67.26.

What the saved facts support for United States Oil Fund (USO)

46 out of 100Price not final

“Diamondback plans modest oil supply growth despite inflation” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.