Noble Energy cuts Colorado oilfield spending again, reduces exec pay, dividend

The second-largest oil and gas producer in Colorado is taking more steps to weather the extreme market downturn.

In addition to previously announced cuts, Houston-based Noble Energy Inc. (Nasdaq: NBL) is cutting spending that’s expected to generate more than $1 billion in annual cash savings, Chairman and CEO David Stover said in a press release.

The company cut its 2020 capital expenditure plans by another $350 million, in addition to the previously announced $500 million reduction and putting…


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