Resurrected Noble Corporation debuts with quarterly deficit

The 100-year-old drilling company Noble Corporation, which left bankruptcy protection in the first quarter, has now been financially restructured and taken over a competitor, delivering a minor deficit as a "newborn" company in the first quarter.

Photo: Colourbox

The experienced US drilling company Noble Corporation, which turned 100 a few weeks ago, has released the first quarterly report after three dramatic months.

The quarterly report shows a deficit of USD 28 million and a revenue of USD 159 million compared to the fourth quarter of 2020, which resulted in a deficit of USD 25 million and a revenue of USD 195 million.

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