Noble Corporation (NYSE:NE) recently reported third quarter 2009 earnings of $426 million, or $1.63 per diluted share, versus earnings of $383 million, or $1.42 per diluted share, for the third quarter of last year. The results for the third quarter 2009 include a net tax benefit of $0.05 per share related to the settlement of tax assessments in various locales and other discrete items. Contract drilling services revenues for the third quarter 2009 were $875 million, up 4.8 percent from the third quarter 2008.
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"At Noble, we are continuing to drive performance," said David W. Williams, Chairman, President and Chief Executive Officer. "Our earnings continue to benefit from the strength of our backlog, the revenue contribution from our newbuilds going into service and, most importantly, the outstanding performance of our crews."During the third quarter 2009, the Company repurchased 2.0 million shares, bringing year-to-date total repurchases to 3.7 million shares at an average price per share of $30.35 and a total cost of $113 million."We believe that the current commodity price environment in the midst of the 2010 budget cycle bodes well for activity levels next year," said Williams. Noble is a leading offshore drilling contractor for the oil and gas industry. Noble's shares are traded on the New York Stock Exchange under the symbol "NE". Noble will host a conference call and web cast related to its third quarter 2009 results on Thursday, October 22, 2009, at 8:00 a.m. Central Time. Interested parties are invited to listen to the call by dialing 1-866-461-7129, or internationally 1-706-679-3084, using access code: 72481445 or by asking for the Noble Corporation conference call. Interested parties may also listen over the Internet through a link posted in the Investor Relations section of Nobel's Web site. A replay of the conference call will be available on Thursday, October 22, 2009, beginning at 11:00 a.m., Central Time, through Friday, October 30, 2009, ending at 5:00 p.m., Central Time. The phone number for the conference call replay is 1-800-642-1687 or, for calls from outside of the
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