UPDATE 1-Noble Energy posts Q1 profit

* Q1 EPS ex-items of 78 cts, matches Wall St view

* Sales volumes 197 thousand BOEPD

NEW YORK, April 29 (BestGrowthStock) – Noble Energy Inc (NBL.N: )
reported on Thursday a quarterly profit compared with a
year-earlier loss attributable to the U.S. oil and natural gas
company’s hedging activity.

Profit for the first quarter, helped by higher oil and gas
prices, was $237 million, or $1.34 per share, compared with a
loss of $188 million, or $1.09 per share a year earlier.

Excluding one-time items, the Houston company had a profit
of 78 cents per share.

Analysts on average had expected a profit of 78 cents per
share, according to Thomson Reuters I/B/E/S.

Total sales volumes for the first quarter 2010 averaged 197
thousand barrels of oil equivalent per day.

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(Reporting by Matt Daily)

UPDATE 1-Noble Energy posts Q1 profit