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Noble Energy Inc

Noble Energy, Inc., an independent oil and gas firm, was created in 1932 and has been listed on the NYSE under the ticker symbol NBL since 1980.

Its business activities include developing, producing, and selling oil, natural gas, and natural gas liquids. The company's projects are in the United States, Eastern Mediterranean, and West Africa. The Colorado-based business has increased its reserves and output, pushed exploratory drilling, enhanced recoveries in mature fields, and improved capital efficiency.

At the end of 2022, Noble Energy estimated total proved reserves of slightly over 1.2 billion barrels of oil equivalent (Boe) and output of 354 thousand Boe per day for the year. Approximately 50% of the company's reserves, and most of its production, is now connected to natural gas.

The company's strategy is to create value for shareholders through the exploration, creation, and production of oil and natural gas assets. While aiming for hyper-growth, Noble Energy, Inc. intends to maintain a strong financial position, create value for its shareholders, aggressively explore for new reserves, and pay competitive dividends.

In terms of growth, Noble Energy's long-term annualized earnings growth forecast is 3%. According to Market Beat analysts, Noble Energy has a consensus rating of Hold, and the average price objective is $34.57, indicating a potential decline of 3.84% from the previous session's closing price.

In summary, Independent Oil & Gas (NBL) has a focus on oil and natural gas exploration, production, and development. Its geographic locations are varied, with a proved reserve of slightly over 1.2 billion barrels of oil equivalent. Its strategy is aimed at creating value for its shareholders, with a strong emphasis on controlling a strong financial position. Analysts have given it a hold rating, with a $34.57 price target.