Noble Energy's Net Income Almost Halved

Oil and natural gas producer Noble Energy Inc's net income nearly halved due to a $187 million loss on commodity derivatives.

Net income fell to $192 million, or 52 cents per share in the second quarter ended June 30, from $377 million, or $1.04 per share, a year earlier.

Oil and gas sales volumes rose 14 percent to average 290,000 barrels of oil equivalent per day, after adjusting for divested assets.

Reporting by Swetha Gopinath