Docoh
Loading...

NBL Noble Energy

Noble Energy, Inc. operates as an exploration and production company. It engages in the acquisition, exploration and development of crude oil and natural gas. The firm operates through the following geographical segments: United States, Eastern Mediterranean, West Africa, Other International and Midstream. The United States segment consists of U.S. onshore and Gulf of Mexico. The Eastern Mediterranean segment includes Israel and Cyprus. The West Africa segment comprises of Equatorial Guinea, Cameroon, and Gabon. The Other International segment is composed of Newfoundland, Suriname, and other new ventures. The Midstream segment owns, operates, develops, and acquires domestic midstream infrastructure assets with current focus areas being the DJ and Delaware Basins. The company was founded by Lloyd Noble in 1932 and is headquartered in Houston, TX.

Company profile

Ticker
NBL
Exchange
CEO
David L. Stover
Employees
Incorporated
Location
Fiscal year end
Former names
NOBLE AFFILIATES INC
SEC CIK
IRS number
730785597

NBL stock data

(
)

Calendar

3 Aug 20
17 Apr 21
31 Dec 21
Quarter (USD)
Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 324M 324M 324M 324M 324M 324M
Cash burn (monthly) 357.67M 17.17M 158.67M 393.83M 27.33M (positive/no burn)
Cash used (since last report) 3.43B 164.81M 1.52B 3.78B 262.41M n/a
Cash remaining -3.11B 159.19M -1.2B -3.46B 61.59M n/a
Runway (months of cash) -8.7 9.3 -7.6 -8.8 2.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Oct 20 Christine M Michel Noble Energy, Inc. Common Stock Sale back to company Dispose D No No 0 45,615 0 0
5 Oct 20 Christine M Michel Phantom Units Noble Energy Inc. Common Stock Sale back to company Dispose D No No 0 12,645 0 0
5 Oct 20 Christine M Michel Performance Shares Noble Energy Inc. Common Stock Sale back to company Dispose D No No 0 25,290 0 0
5 Oct 20 Christine M Michel Employee Stock Option Grant Noble Energy Inc. Common Stock Sale back to company Dispose D No No 20.22 51,440 1.04M 0
5 Oct 20 Duganier Barbara J Noble Energy, Inc. Common Stock Sale back to company Dispose D No No 0 25,899 0 0
5 Oct 20 Ladhani Holli C. Noble Energy, Inc. Common Stock Sale back to company Dispose D No No 0 40,906 0 0
5 Oct 20 Kenneth M. Fisher Noble Energy, Inc. Common Stock Sale back to company Dispose D No No 0 170,864 0 0
5 Oct 20 Kenneth M. Fisher Phantom Units Noble Energy Inc. Common Stock Sale back to company Dispose D No No 0 42,108 0 0
5 Oct 20 Kenneth M. Fisher Performance Shares Noble Energy Inc. Common Stock Sale back to company Dispose D No No 0 160,217 0 0
5 Oct 20 Kenneth M. Fisher Employee Stock Option Grant Noble Energy Inc. Common Stock Sale back to company Dispose D No No 22.39 46,565 1.04M 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 377 -99.7%
Opened positions 1 69 -98.6%
Closed positions 377 88 +328.4%
Increased positions 0 104 EXIT
Reduced positions 0 153 EXIT
13F shares
Current Prev Q Change
Total value 10K 3.66B -100.0%
Total shares 1.65K 427.91M -100.0%
Total puts 0 464.2K EXIT
Total calls 0 581.8K EXIT
Total put/call ratio 0.8
Largest owners
Shares Value Change
TMP Tompkins Financial 1.65K $10K NEW
IFP Advisors 0 $0 EXIT
Largest transactions
Shares Bought/sold Change
Vanguard 0 -43.2M EXIT
BLK Blackrock 0 -28.39M EXIT
STT State Street 0 -27.77M EXIT
BCS Barclays 0 -19.49M EXIT
BAC Bank Of America 0 -16.22M EXIT
Elliott Investment Management 0 -15.78M EXIT
Capital International Investors 0 -14.74M EXIT
American Century Companies 0 -14.47M EXIT
Citadel Advisors 0 -14.45M EXIT
GS Goldman Sachs 0 -8.63M EXIT

Financial report summary

?
Competition
Sanchez Energy
Risks
  • We will be subject to business uncertainties while the Chevron Merger is pending, which could adversely affect our businesses.
  • The Chevron Merger Agreement limits our ability to pursue alternatives to the Chevron Merger.
  • Because the exchange ratio in the Chevron Merger Agreement is fixed and because the market price of Chevron common stock will fluctuate prior to the completion of the Chevron Merger, our stockholders cannot be sure of the market value of the Chevron common stock they will receive as consideration in the Chevron Merger.
  • Our level of indebtedness, combined with the COVID-19 pandemic and recent developments in the global crude oil markets, may make us increasingly vulnerable to a downgrade in our credit rating. A downgrade in our credit rating below investment grade could have a material adverse impact on our financial condition, results of operations and cash flows.
Management Discussion
  • While the global economies have been significantly impacted from the COVID-19 pandemic, we continue actions to address the severe decline in revenues resulting from the current market conditions while progressing certain offshore projects.
  • Reduced the 2020 Capital Program The 2020 organic capital investment program was reduced approximately 55% from the initial budget, with the reductions coming primarily from the US onshore business.
  • Significantly Reduced Cost During the quarter, we significantly reduced our costs in response to current market conditions. We reduced capital and operating costs, with unit production costs per BOE well below 2019 levels. General and administrative (G&A) expenses were also reduced almost 40% from second quarter 2019, primarily as a result of workforce reduction initiatives and reduced travel costs.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: alter, analyzed, arose, assert, attention, benchmark, beneficial, Block, breach, build, Bureau, challenging, Chelsea, Chemical, Chevron, COGCC, compression, confirming, consent, consummation, CVX, deepwater, defense, delinquent, Desert, difficult, discharge, discourage, discovery, distressed, diverted, document, Dutch, effluent, enabling, eventual, fact, failure, fallen, fee, Felicita, fell, fiduciary, Fieldwood, fluctuate, fluctuated, foot, foregoing, frequency, headcount, ICE, imposition, increasingly, indemnify, Israeli, justify, lapse, leverage, life, liquified, listing, lowest, matter, meaningful, metering, mineral, Ministry, modest, MOEP, monetary, motivate, move, moving, NOAV, NOI, notified, notifying, occurrence, participating, penalty, pendency, Pollution, prohibiting, prohibition, prompt, promulgated, proven, proxy, pursue, pursuing, ran, registered, Registry, reinstitution, relaxation, relaxed, relaxing, repeated, rescind, resolve, restructuring, resumption, retention, satisfaction, satisfied, seismic, shipper, size, soliciting, square, station, stockholder, Title, trajectory, transmit, TTF, turbo, turn, unauthorized, unknown, uptime, Violation, voluntarily, vulnerable, waiting, waived, waiver, Western, York
Removed: book, CDP, central, combination, commitment, defer, designed, discovered, ensure, Europa, extending, liquefied, minimize, negotiation, Punta, Ranch, reach, receiving, representing, specifically, transport