Noble Energy Reiterates Full-Year Guidance After Strong First-Quarter Output
Noble Energy’s first-quarter oil production was within guidance, with U.S. onshore and firmwide volumes coming in at 113,000 barrels per day and 127 mbbls/d, respectively. But total output, including natural gas production, was above the high end of guidance.Noble Energy‘s first-quarter production exceeded the high end of guidance, with firmwide volumes coming in at 337,000 barrels of oil equivalent per day (beating our forecast of 327 mboe/d). The positive surprise was mainly driven by U.S. o...
Noble Energy is an independent energy company, engaged in crude oil and natural gas exploration and production. The company's operating areas include: U.S. onshore, primarily the DJ Basin, Delaware Basin and Eagle Ford Shale; U.S. offshore Gulf of Mexico; Eastern Mediterranean; and West Africa. The company's Midstream segment develops, owns, operates and acquires domestic midstream infrastructure assets, or invests in other midstream entities, with existing focus areas being the DJ and Delaware Basins. The company's activities include geophysical and geological evaluation; analysis of commercial, regulatory and political risks; and exploratory and development drilling leading to production, where appropriate.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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