Noble Corporation Highlights Strong Backlog and Capital Returns in Latest Investor Presentation
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Noble Corporation plc has released an investor presentation highlighting its strong financial position, with a market capitalization of $5.0 billion and a backlog of $7.0 billion. The company has net debt of $1.5 billion and a dividend yield of 6.4%. Noble operates a fleet of 24 floaters and 5 jackups, serving major offshore drilling markets. The global ultra-deepwater rig demand is at 101 rigs, indicating 90% utilization. Over the past three years, Noble has returned $1.2 billion through dividends and buybacks.
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