Revenue during the quarter plunged 47.22 percent to $730 million from $1,383 million in the previous year period. Operating margin for the quarter stood at negative 22.05 percent as compared to a positive 38.25 percent for the previous year period.

Operating loss for the quarter was $161 million, compared with an operating income of $529 million in the previous year period.

Operating cash flow drops significantly
Noble Energy, Inc. has generated cash of $966 million from operating activities during the first half, down 45.02 percent or $791 million, when compared with the last year period.

The company has spent $1,812 million cash to meet investing activities during the first six months as against cash outgo of $2,215 million in the last year period. It has incurred net capital expenditure of $1,747 million on net basis during the first six months, down 19.68 percent or $428 million from year ago period.

Cash flow from financing activities was $941 million for the first six months, up 214.72 percent or $642 million, when compared with the last year period.

Cash and cash equivalents stood at $1,278 million as on Jun. 30, 2015, up 33.40 percent or $320 million from $958 million on Jun. 30, 2014.

Working capital increases sharply
Noble Energy, Inc. has recorded an increase in the working capital over the last year. It stood at $476 million as at Jun. 30, 2015, up 1,120.51 percent or $437 million from $39 million on Jun. 30, 2014. Current ratio was at 1.23 as on Jun. 30, 2015, up from 1.02 on Jun. 30, 2014.

Days sales outstanding went up to 82 days for the quarter compared with 61 days for the same period last year.