Noble Energy's net income falls 49 percent

Reuters

July 24 (Reuters) - Oil and natural gas producer Noble Energy Inc's net income nearly halved due to a $187 million loss on commodity derivatives.

Net income fell to $192 million, or 52 cents per share in the second quarter ended June 30, from $377 million, or $1.04 per share, a year earlier.

Oil and gas sales volumes rose 14 percent to average 290,000 barrels of oil equivalent per day, after adjusting for divested assets.

(Reporting by Swetha Gopinath in Bangalore; Editing by Maju Samuel)

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