Noble Energy makes further spending cuts

In response to the COVID-19 pandemic and a significant decline in oil and gas demand and prices, Noble Energy is focusing on liquidity and balance sheet strength. With that in mind, Noble has further reduced its 2020 capex, executive team salaries, and implemented a furlough program for employees.

“Recent events have had an unprecedented and unpredictable impact on the global economy and the oil and gas industry”, said David L. Stover, Noble Energy’s Chairman and CEO.

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