Noble Energy Inc. said Thursday it has reached a deal with Fieldwood Energy LLC to divest its deepwater Gulf of Mexico assets for a total value of $710 million. The oil and gas exploration and production company said it will use the proceeds to partly finance a $750 million share buyback program that will be executed between now and 2020. Shares rose 2.3% premarket, but are down 29% in the last 12 months, while the S&P 500 has gained about 15%.
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