On Wednesday, February 12, 2020, independent oil and natural gas producer Noble Energy (NBL) announced its fourth quarter 2019 earnings results. At first glance, these results were relatively decent as the company managed to beat the expectations of its analysts in terms of both top-line revenues and bottom-line earnings. With that said though, few people expect much out of independent oil and gas companies because of the continued low prices of energy resources in the market.
A closer look at the actual earnings report though does show that there were quite a few