Noble Energy Inc. (NBL, Financial) filed Quarterly Report for the period ended 2012-09-30.
Noble Energy, Inc. has a market cap of $16.76 billion; its shares were traded at around $91.27 with a P/E ratio of 19.1 and P/S ratio of 4.5. The dividend yield of Noble Energy, Inc. stocks is 0.9%. Noble Energy, Inc. had an annual average earning growth of 9.2% over the past 10 years.
new sales volumes from Marcellus Shale producing properties which we acquired September 30, 2011 and current Marcellus Shale development activities, which added 81 MMcf/d, net to our sales volumes for the first nine months of 2012.
The decrease in income from equity method investees for the first nine months of 2012 as compared with 2011 was due to lower sales volumes resulting from scheduled maintenance downtime, offset by higher methanol sales prices. See Oil, Gas and NGL Sales table above.
Operating Activities Net cash provided by operating activities for the first nine months of 2012 increased as compared with 2011. Higher liquids sales volumes were offset by decreases in natural gas sales volumes and prices and increases in production expenses, general and administrative expense and interest expense. See Item 1. Financial Statements – Consolidated Statements of Cash Flows.
Investing Activities Our investing activities include capital spending on a cash basis for oil and gas properties and investments in unconsolidated subsidiaries accounted for by the equity method. These investing activities may be offset by proceeds from property sales or dispositions. Capital spending for property, plant and equipment increased by $817 million during the first nine months of 2012 as compared with 2011, primarily due to increased major project development activity in the Wattenberg area, the Marcellus Shale, offshore West Africa, and offshore Israel. We also invested $35 million in CONE during the first nine months of 2012. In addition, we received $1.2 billion proceeds from non-core asset divestitures during the first nine months of 2012 as compared with $77 million proceeds, $73 million of which related to our transfer of Ecuador assets to the government of Ecuador, during the first nine months of 2011.
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Noble Energy, Inc. has a market cap of $16.76 billion; its shares were traded at around $91.27 with a P/E ratio of 19.1 and P/S ratio of 4.5. The dividend yield of Noble Energy, Inc. stocks is 0.9%. Noble Energy, Inc. had an annual average earning growth of 9.2% over the past 10 years.
Highlight of Business Operations:
higher sales volumes in Equatorial Guinea due to the commencement of oil production at Aseng during the fourth quarter of 2011, which impacted our sales volumes by approximately 20 MBbl/d, net in the first nine months of 2012 as compared with 2011; andnew sales volumes from Marcellus Shale producing properties which we acquired September 30, 2011 and current Marcellus Shale development activities, which added 81 MMcf/d, net to our sales volumes for the first nine months of 2012.
The decrease in income from equity method investees for the first nine months of 2012 as compared with 2011 was due to lower sales volumes resulting from scheduled maintenance downtime, offset by higher methanol sales prices. See Oil, Gas and NGL Sales table above.
Operating Activities Net cash provided by operating activities for the first nine months of 2012 increased as compared with 2011. Higher liquids sales volumes were offset by decreases in natural gas sales volumes and prices and increases in production expenses, general and administrative expense and interest expense. See Item 1. Financial Statements – Consolidated Statements of Cash Flows.
Investing Activities Our investing activities include capital spending on a cash basis for oil and gas properties and investments in unconsolidated subsidiaries accounted for by the equity method. These investing activities may be offset by proceeds from property sales or dispositions. Capital spending for property, plant and equipment increased by $817 million during the first nine months of 2012 as compared with 2011, primarily due to increased major project development activity in the Wattenberg area, the Marcellus Shale, offshore West Africa, and offshore Israel. We also invested $35 million in CONE during the first nine months of 2012. In addition, we received $1.2 billion proceeds from non-core asset divestitures during the first nine months of 2012 as compared with $77 million proceeds, $73 million of which related to our transfer of Ecuador assets to the government of Ecuador, during the first nine months of 2011.
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