Noble Energy's Demarest explains benefits of diversification

Wednesday, June 25, 2014 - 09:45

Jim Demarest, vice president of global frontier & new venture exploration at Noble Energy (NYSE:NBL), explains how having a diversified portfolio can pay dividends.
He says that after the Gulf of Mexico oil spill from BP's Deepwater Horizon rig, the company was almost instantly able to reallocate capital to its other projects.
Demarest adds that diversity provides "protection against those black swans that come up that you can't predict".

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