Fueled by widening demand for crude oil in the U.S. and Israel, Noble Energy (NBL) reported on Thursday a much stronger-than-expected fourth-quarter profit, though its shares slipped in morning trade as its revenue missed Wall Street estimates.
The Houston-based company posted net income of $52 million, or 29 cents a share, compared with $8 million, or $1.01 a share, in the same quarter last year.
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Source: Fox Business
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