REPORT OF BUSINESS SEGMENTS REPORT OF BUSINESS SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of results of the company business segments

The following tables summarize the results of the Company's business segments during the periods presented:

	Upstream			Midstream Services			Eliminations			Total
Year Ended December 31, 2019:	(in millions)
Third-party revenues	$	3,891		$	73		$	—		$	3,964
Intersegment revenues	—			375			(375		)	—
Total revenues	3,891			448			(375		)	3,964
Depreciation, depletion and amortization	$	1,405		$	42		$	—		$	1,447
Impairment of oil and natural gas properties	$	790		$	—		$	—		$	790
Income from operations	$	790		$	219		$	(314	)	$	695
Interest expense, net	$	(171	)	$	(1	)	$	—		$	(172	)
Total other income (expense), net(1)	$	(320	)	$	(7	)	$	(6	)	$	(333	)
Provision for income taxes	$	21		$	26		$	—		$	47
Net income attributable to non-controlling interest	$	75		$	91		$	(91	)	$	75
Net income attributable to Diamondback Energy	$	374		$	95		$	(229	)	$	240
Total assets	$	22,125		$	1,636		$	(230	)	$	23,531

(1) The impairment for the midstream services segment of $2 million is included in other income (expense).

	Upstream			Midstream Services		Eliminations			Total
Year Ended December 31, 2018:	(in millions)
Third-party revenues	$	2,132		$	44	$	—		$	2,176
Intersegment revenues	—			140		(140		)	—
Total revenues	2,132			184		(140		)	2,176
Depreciation, depletion and amortization	$	598		$	25	$	—		$	623
Income from operations	$	1,071		$	80	$	(140	)	$	1,011
Interest expense, net	$	(87	)	$	—	$	—		$	(87	)
Total other income (expense), net	$	102		$	—	$	—		$	102
Provision for income taxes	$	151		$	17	$	—		$	168
Net income attributable to non-controlling interest	$	99		$	—	$	—		$	99
Net income attributable to Diamondback Energy	$	923		$	63	$	(140	)	$	846
Total assets	$	21,096		$	604	$	(104	)	$	21,596

	Upstream			Midstream Services		Eliminations			Total
Year Ended December 31, 2017:	(in millions)
Third-party revenues	$	1,198		$	7	$	—		$	1,205
Intersegment revenues	—			32		(32		)	—
Total revenues	1,198			39		(32		)	1,205
Depreciation, depletion and amortization	$	324		$	3	$	—		$	327
Income from operations	$	613		$	24	$	(32	)	$	605
Interest expense, net	$	(41	)	$	—	$	—		$	(41	)
Total other income (expense), net	$	(109	)	$	1	$	—		$	(108	)
Provision for income taxes	$	(24	)	$	4	$	—		$	(20	)
Net income attributable to non-controlling interest	$	35		$	—	$	—		$	35
Net income attributable to Diamondback Energy	$	493		$	21	$	(32	)	$	482
Total assets	$	7,475		$	300	$	(4	)	$	7,771