News Wires — U.S. oil and gas producer Noble Energy Inc reported a quarterly loss on Friday compared with a year-ago profit due to weak realized prices for its crude.
Adjusted net loss was $44 million, or 9 cents per share, in the first quarter ended March 31, compared with a profit of $172 million, or 35 cents per share, a year earlier.
The Houston-based company’s total sales volumes fell to 337,000 barrels of oil equivalent per day (boe/d) from 370,000 boe/d.