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Noble Energy posts first quarter adjusted net loss

Gasoil News - Published on Tue, 07 May 2019

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Reuters reported that Noble Energy Inc reported a quarterly loss compared with a year-ago profit due to weak realized prices for its crude. Adjusted net loss was USD 44 million in the first quarter ended March 31, compared with a profit of USD 172 million a year earlier.

The Houston-based company's total sales volumes fell to 337,000 barrels of oil equivalent per day from 370,000 boe/d.

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Posted By : Mohan Sharma on Tue, 07 May 2019
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