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Noble Energy Slips To Loss In Q4

Noble Energy Inc. (NBL) reported fourth quarter net loss attributable to the company of $824 million or $1.72 per share, compared to net income of $494 million or $1.01 per share in the previous year.

Excluding items impacting comparability, the Company generated adjusted net income per share attributable to Noble Energy for the quarter of $56 million or $0.12 per share. Items removed for comparability purposes included unrealized commodity derivative impacts, gains/losses on asset divestitures, and impairments of certain assets.

Total revenues for the quarter were $1.197 billion, compared to $1.20 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share and revenues of $1.17 billion. Analysts' estimates typically exclude special items.

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