|Traded as||NYSE: NBL
S&P 500 Component
|David L. Stover, Chairman, CEO, and President
Kenneth M. Fisher, CFO & Executive Vice President
|Products||petroleum, natural gas, and natural gas liquids|
|422 thousand barrels of oil equivalent (2,580,000 GJ) per day|
|Revenue||US$3.133 billion (2015)|
|-US$2.441 billion (2015)|
|-US$2.441 billion (2015)|
|Total assets||US$24.196 billion (2015)|
|Total equity||US$10.370 billion (2015)|
Number of employees
As of December 31, 2015, the company had 1,421 million barrels of oil equivalent (8.69×109 GJ) of proved reserves, of which 62% was in the United States, 27% was in Israel, and 11% was in Equatorial Guinea.
In the United States, the company's primary holdings are in the Wattenberg Gas Field / Denver Basin in Colorado, the Delaware Basin, the Marcellus Shale, and to a lesser extent, in the Eagle Ford shale.
As of December 31, 2015, the company owned approximately 118,000 net developed acres and 30,000 net undeveloped acres in Equatorial Guinea, 511,000 net undeveloped acres in Cameroon, and 403,000 net undeveloped acres in Gabon.
As of December 31, 2015, the company owned approximately 80,000 net developed acres and 261,000 net undeveloped acres between 10 and 90 miles offshore Israel in water depths ranging from 700 feet to 6,500 feet. In Cyprus, the company owned a license covering approximately 464,000 net undeveloped acres adjacent to the Israel acreage.
By the 1970s, Noble Affiliates Inc. was set up as a holding company to own Samedan Oil Corporation and a drilling company, Noble Drilling Corporation.
In 1986, the company acquired Energy Development Corporation.
In May 2010, the company's Deep Blue exploration well on Green Canyon 723 in the deepwater Gulf of Mexico reached a depth of 32,684 feet.
In February 2011, the company received the first deepwater drilling permit in the Gulf of Mexico issued by the Department of the Interior after the moratorium following the BP Deepwater Horizon incident.Source: http://www.nytimes.com/2011/03/01/business/energy-environment/01drill.html?_r=0
In 2012, the company moved its headquarters to a building formerly occupied by Hewlett Packard in northwest Houston, Texas and signed a lease for 497,000 square feet of office space. The building was owned by Trammell Crow and Principal Real Estate.
In 2015, the company announced that the drilling of a well in the Cheetah exploration prospect offshore Cameroon yielded a dry hole. The company recorded a $33 million charge for this unsuccessful venture.
In December 2015, the company announced it will sell its remaining interest in its agricultural business to COFCO for $750 million.
In 2015, the company settled a claim by the Environmental Protection Agency that its battery tanks were emitting noxious gases. The settlement included the payment of a $4.95 million civil penalty divided as follows: $3.475 million to the United States; and $1.475 million to Colorado.
- Noble Energy, Inc. 2015 Form 10-K Annual Report
- Fortune 1000: Noble Energy #505
- The Noble Story
- "Equity Financing". New York Times. October 18, 1972.(subscription required)
- "New Issues Climb As Two Offerings Dominate Market". New York Times. October 21, 1972.(subscription required)
- "Noble bringing HQ to Houston". Houston Business Journal. June 18, 2000.
- "Noble Affiliates Names Charles Davidson as President and Chief Executive Officer". PRNewswire. September 22, 2000.
- "Noble Affiliates Shareholders Approve Company Name Change to Noble Energy". PRNewswire. April 23, 2002.
- "Noble Energy Closes Patina Acquisition". PRNewswire. May 16, 2005.
- "Noble Energy Announces Deepwater Gulf of Mexico Discovery". PRNewswire. June 15, 2006.
- "NOBLE ENERGY, INC. SELLS GULF OF MEXICO SHELF ASSETS FOR $625 MILLION AND ANNOUNCES A $500 MILLION COMMON STOCK REPURCHASE PROGRAM". PRNewswire. May 16, 2006.
- "Noble Energy Expands DJ Basin Position with Asset Acquisition". PRNewswire. January 5, 2010.
- "Noble Energy Announces Status of Deep Blue Exploration Well". PRNewswire. May 11, 2010.
- "Noble Energy Announces Significant Discovery at Leviathan Offshore Israel". PRNewswire. December 29, 2010.
- "Noble Energy to move HQ to former HP building". Houston Business Journal. January 20, 2012.
- "Noble Energy donates NIS 12m to Ruppin College". Globes. February 24, 2014.
- Sharon Udasin (February 24, 2014). "Noble Energy to establish NIS 12 million energy training center at Ruppin College". The Jerusalem Post.
- "Noble Energy Announces Cheetah Exploration Results Offshore Cameroon". PRNewswire. September 25, 2015.
- "Noble Energy Closes Acquisition of Rosetta Resources". PRNewswire. July 20, 2015.
- "Noble exits agricultural markets with unit sale to China's COFCO". Reuters. December 23, 2015.
- "Argentina accuses Noble Energy of illegally operating in Falkland Islands". Fuel Fix. October 9, 2015.
- "Noble Energy, Inc. Settlement". Environmental Protection Agency. April 22, 2015.