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Noble's Liquids Production Edges Higher in Q4
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Noble Energy, Inc. has announced results for the fourth quarter of 2015.
A reported net loss for the quarter of $2.0 billion was negatively impacted by $2.2 billion of primarily non-cash items, which are not considered by analysts in published estimates. Net cash provided by operating activities of $576 million and discretionary cash flow(1) of $609 million were in excess of capital expenditures of $527 million.
Total Company volumes for the fourth quarter of 2015 increased to 422 thousand barrels of oil equivalent per day (MBoe/d), up more than eight percent versus the third quarter of 2015 and the fourth quarter of 2014 (pro-forma for the Rosetta Resources Inc. merger). Liquids comprised 47 percent (33 percent crude oil and condensate and 14 percent natural gas liquids) of fourth…- ✓ Full news archive — U.S., Canada & international coverage
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