Net income fell to $107 million, or 61 cents per share, for the three months ended in September, down 89 percent from $974 million, or $5.37 per share, during the same period last year.

Excluding special items, including a previously disclosed unrealized commodity derivative loss, net income dropped to $193 million, or $1.10 per share, from $395 million, or $2.08 per share.

Revenue slid 43 percent to $621 million from $1.1 billion.

Analysts on average expected net income of 82 cents per share on revenue of $657.3 million, according to a poll by Thomson Reuters. Wall Street estimates typically exclude one-time items.

The company said sales volumes averaged 217,000 barrels of oil equivalent per day, up 3 percent from the third quarter of 2008, mainly due to increased amounts in the United States and West Africa.

But prices fell from the year-earlier quarter. The company's global crude oil prices averaged $63.36 per barrel versus $101.83 a year earlier. Its natural gas prices averaged $2.41 per thousand cubic feet compared with $5.31 last year.

Crude oil prices were cut by $1.89 in the United States and $5.32 per barrel in West Africa because of previously deferred hedge losses.

Shares of Noble Energy rose 54 cents to $67.47 in midday trading.

A service of YellowBrix, Inc.