Noble Energy (NBL) Tops Q4 EPS by 3c
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February 12, 2020 6:46 AM EST
Capital expenditures anticipated ~25% below 2019 level, volumes higher by ~10%
HOUSTON--(BUSINESS WIRE)--
Noble Energy, Inc. (NASDAQ: NBL) (Noble Energy or the Company) today announced its capital expenditure and production outlook for 2020. Key objectives and priorities for the year include:
Generate at least $500 million in organic free cash flow(1) at the upstream level,
Enhance the return of capital to investors and strengthen the balance sheet,
Further improve U.S. onshore capital efficiency and cost structure, while delivering moderate oil production growth,...
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February 12, 2020 6:45 AM EST
Onshore Capital Efficiency Gains and Major Project Delivery in 2019 Transform Noble Energy's Future
HOUSTON--(BUSINESS WIRE)--
Noble Energy, Inc. (NASDAQ: NBL) (Noble Energy or the "Company) today provided fourth quarter financial and operating results. Fourth quarter highlights include:
Organic capital expenditures funded by Noble Energy of $406 million were below the low end of guidance.
Sales volumes of 373 MBoe/d were near the top end of guidance.
Produced 285 MBoe/d from the U.S. onshore, led...
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