sector: Energy ·
industry: Integrated Oil & Gas ·
As of
24 Nov 2009
65.66USD
Noble Energy, Inc. (Noble Energy) is an independent energy company that has been engaged in the acquisition, exploration, development, production and marketing of crude oil, natural gas, and natural gas liquids (NGLs). The Company’s activities include geophysical and geological evaluation and exploratory drilling on properties, for which it has acquired exploration rights. Its properties consist primarily of interests in developed and undeveloped crude oil and natural gas leases and concessions. It also owns natural gas processing plants and natural gas gathering and other crude oil and natural gas related pipeline systems which are primarily used in the processing and transportation of its crude oil, natural gas and NGL production. The Company operates primarily in the Rocky Mountains, Mid-continent, and deepwater Gulf of Mexico areas in the United States, with international operations in offshore Israel, the North Sea and West Africa.
BRIEF: For the nine months ended 30 September 2009, Noble Energy,Inc.'s revenues decreased 53% to $1.55B. Net loss totaled $139M vs. an income of $1.05B. Revenues reflect lower oil, gas & NGL sales and lower income from equity method investees. Net loss reflects an increase in lease operating expense, a rise in exploration expenses, a significant increase in asset impairments and higher interest, net of amount capitalized.
Noble Energy, Inc.
100 Glenborough Drive
Suite 100
Houston TX 77067
P: +1281.8723100
F: +1281.8723111