NOBLE NET LOSS $287 MLN
NOBLE ENERGY ANNOUNCES SOLID FIRST QUARTER 2016 RESULTS
- Quarterly capital expenditures totaled $374 million, below the low end of guidance. Full-year 2016 capital expected to be less than the original $1.5 billion estimate.
- Delivered substantial cost reductions versus guidance and the prior year. On a BOE basis, LOE averaged $3.63 (excluding the Isabela workover in the Gulf of Mexico), down 34 percent from the first quarter of last year.
- Maintained robust financial position, including $5…
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