Noble Energy (NBL) Provides Updated Outlook Through 2020
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Noble Energy Provides Updated Outlook Through 2020 Focused on Cash Flow Growth and Shareholder Return
February 20, 2018 7:10 AM ESTHouston, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Noble Energy, Inc. (NYSE: NBL) (Noble Energy or the Company) today provided an updated outlook through 2020, including detailed guidance for 2018.Â
Outlook Through 2020
The Company provided an updated outlook through 2020, including scenarios at a $50 per barrel WTI oil price with $3 Henry Hub natural gas, as well as at recent strip pricing(1). Key highlights and outcomes include:
The Company expects to generate a cumulative total of $1.5 billion of excess cash flows(2) through 2020 in the $50 scenario, and an additional $1.5 billion at strip pricing. Board-authorized $750 million... More
