Connect with us

Hi, what are you looking for?

Jewish Business News


Noble Energy Misses Earnings Estimates, But Fundamentals are Strong

Noble Energy

Noble Energy, the U.S. based energy producer that has a nearly 40% working interest in the Israeli Leviathan natural gas fields, missed Wall Street earnings estimates slightly, but doubled its earnings over last year, as reported by Seeking Alpha. While revenues dipped 8%, the main reason is not the company’s fundamentals and operations, but slipping energy prices, which have affected the entire industry. Shares of Noble energy rallied 9% following earnings.

Its sales volumes were a record-breaking 3% higher at 302K boe/day, and the growth is 10% when accounting for assets that Noble has sold. Prices for crude oil and condensates dropped 9%, average prices rose 5% and liquified natural gas prices fell by 5%. While operating expenses rose 19%, the sales volume increased 15% over last year.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.