Investing.com - Noble Energy (NASDAQ:NBL) reported on Monday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Noble (NYSE:NE) Energy announced earnings per share of $-0.24 on revenue of $571M. Analysts polled by Investing.com anticipated EPS of $-0.32 on revenue of $652.14M.
Noble Energy shares are down 59% from the beginning of the year , still down 63.42% from its 52 week high of $27.31 set on September 16, 2019. They are under-performing the Nasdaq which is up 19.76% from the start of the year.
Noble Energy shares lost 1.50% in pre-market trade following the report.
Noble Energy follows other major Energy sector earnings this month
Noble Energy's report follows an earnings missed by Exxon Mobil on Friday, who reported EPS of $-0.7 on revenue of $32.61B, compared to forecasts EPS of $-0.61 on revenue of $38.16B.
Chevron had missed expectations on Friday with second quarter EPS of $-1.59 on revenue of $13.49B, compared to forecast for EPS of $-0.93 on revenue of $21.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar