Noble Energy reports 2015 net loss of $2 billion

Due to the oil price downturn, Noble Energy Inc. (NYSE: NBL) reported a $2 billion net loss for 2015, or $4.73 per share, according to the Houston Business Journal. Current market conditions also has Noble reducing its 2016 CAPEX by 50% to $1.5 billion.  

Compared to last year, for all of 2014, Noble reported a profit of $402 million, or $1.05 per share.

Noble has stated that the company wrote down $1.27 billion of goodwill and international assets during the fourth quarter of last year. For 2016, Noble Energy plans to spend about two-thirds of its $1.5 billion CAPEX on US shale plays, with a focus on its operations in the Denver-Julesburg Basin of Colorado, along with its activities in the Eagle Ford, Delaware Basin, and Marcellus shale plays.

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