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Noble Shifts Rig Strategy in 2Q; Advances Fleet
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Noble Corporation plc reported second quarter 2014 net income of $235 million, or $0.91 per diluted share, compared to $256 million, or $0.99 per diluted share, for the first quarter of 2014. For the second quarter of 2013, net income totaled $177 million, or $0.69 per diluted share. Results for the second quarter of 2013 included $18 million, or $0.06 per diluted share, related to cancellation of a contract awarded to a jackup rig under construction. Revenues for the second quarter of 2014 were $1.2 billion compared to $1.3 billion in the first quarter of 2014 and $1.0 billion in the second quarter of 2013.
David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation plc noted, "Second quarter results benefited from our strategy to shift the fleet toward a…
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