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NBL $24.62

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Noble Energy, Inc.
Type
Public company
Traded as NYSE: NBL
S&P 500 Index component
Industry Petroleum industry
Founded 1932; 85 years ago (1932)
Headquarters Houston, Texas
Key people
David L. Stover, (CEO)
Kenneth M. Fisher, CFO
Products Petroleum
Natural gas
Natural gas liquids
Production output
418 thousand barrels of oil equivalent (2,560,000 GJ) per day
Revenue Increase 3.491 billion (2016)
Operating income
Increase -1.296 billion (2016)
Net income
Increase -0.998 billion (2016)
Total assets Decrease 21.011 billion (2016)
Total equity Decrease 9.600 billion (2016)
Number of employees
2,274 (2016)
Website www.nblenergy.com

Noble Energy, Inc., formerly Noble Affiliates, Inc., is an American petroleum and natural gas exploration and production company headquartered in Houston, Texas. The company is ranked 653rd on the Fortune 1000.

As of December 31, 2016, the company had 1,437 million barrels of oil equivalent (8.79×10 GJ) of proved reserves, of which 68% was in the United States, 23% was in Israel, and 9% was in Equatorial Guinea.

Of the company's total proved reserves as of December 31, 2016, 62% was natural gas, 15% was natural gas liquids, and 23% was petroleum.

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, 2016, the company owned approximately 118,000 net developed acres and 10,000 net undeveloped acres in Equatorial Guinea, 168,000 net undeveloped acres in Cameroon, and 403,000 net undeveloped acres in Gabon.

As of December 31, 2016, the company owned approximately 78,000 net developed acres and 116,000 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 33,000 net undeveloped acres adjacent to the Israel acreage.

In South America, the company operates in the Falkland Islands, where it holds 210,000 net acres. However, the company does not have any proved reserves there. The company also owns 419,000 net acres in Suriname.

In 1932, Lloyd Noble founded the Samedan Oil Corporation, predecessor company to Noble Energy, Inc. The company was named after his children Sam, Ed, and Ann. In 1968, Samedan acquired its first offshore block in the Gulf of Mexico. 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 1972, Noble Affiliates became a public company via an initial public offering, listing on the NASDAQ.

In 1980, Noble Affiliates was first listed on the New York Stock Exchange with the ticker symbol NBL. In 1985, Noble Affiliates spun off its subsidiary, Noble Drilling Corporation. In 1986, the company acquired Energy Development Corporation.

In June 2000, the company announced that it will move its headquarters from Ardmore, Oklahoma to Houston, Texas.

In October 2000, Charles Davidson became president and CEO of the company.

By April 2002, the company had diversified into methanol and electricity production, and changed its name to Noble Energy, Inc.

In May 2005, the company acquired Patina Oil & Gas, giving the company acreage in the Rocky Mountains.

In May 2006, the company sold assets in the Gulf of Mexico for $625 million.

In June 2006, the company announced a significant discovery in the Raton prospect of the Gulf of Mexico.

In January 2010, the company acquired assets in the DJ Basin of the Rocky Mountains from PetroCanada and Suncor Energy for $494 million.

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 December 2010, the company announced a significant natural gas discovery at Leviathan, offshore Israel.

In February 2011, the company received the first deepwater drilling permit in the Gulf of Mexico issued by the United States Department of the Interior after the moratorium following the Deepwater Horizon incident.

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.

In October 2014, the company announced plans to establish a center to train technicians in the energy industry at Ruppin Academic Center in Israel with a donation of NIS 12 million.

In July 2015, the company acquired Rosetta Resources in a stock transaction. The acquisition gave the company acreage in the Eagle Ford shale.

In September 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 April 2017, the company acquired Clayton Williams Energy for $2.7 billion.

In May 2017, the company sold Marcellus Midstream to Quantum Energy Partners for $765 million.

In 2015, the government of Argentina accused the company of operating illegally in the Falkland Islands. The government of Argentina does not recognize British control of the Falkland Islands.

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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2020 2020-08-03 -0.24 -0.85
Q1 2020 2020-05-08 0.18 -8.27
Q4 2019 2020-02-12 -0.05 -2.52
Q3 2019 2019-11-07 -0.10 0.04
Q2 2019 2019-08-02 -0.10 -0.02
Q1 2019 2019-05-03 -0.09 -0.65
Q4 2018 2019-02-19 0.12 -1.72
Q3 2018 2018-11-01 0.27 0.47

Ratings

2016-07-10 Reiterated Rating Deutsche Bank AG Buy
2016-07-07 Upgrade Citigroup Inc. Neutral to Buy
2016-07-06 Boost Price Target Wunderlich Buy $44.00 to $45.00
2016-06-22 Initiated Coverage Credit Agricole Outperform
2016-06-22 Initiated Coverage Credit Agricole SA Outperform
2016-06-08 Initiated Coverage Piper Jaffray Overweight $48.00
2016-06-08 Boost Price Target Stifel Nicolaus Buy $37.00 to $45.00
2016-06-08 Initiated Coverage Simmons Overweight $48.00
2016-06-08 Initiated Coverage Piper Jaffray Cos. Overweight $48.00
2016-06-07 Upgrade Seaport Global Securities Neutral to Buy $36.00 to $45.00
2016-06-02 Reiterated Rating Credit Suisse Buy
2016-06-02 Reiterated Rating Credit Suisse Group AG Buy
2016-06-01 Reiterated Rating JPMorgan Chase & Co. Buy
2016-05-25 Upgrade Sterne Agee CRT Neutral to Buy $35.33 to $47.00
2016-05-24 Boost Price Target Barclays Overweight $33.00 to $41.00
2016-05-24 Reiterated Rating Nomura Buy $36.00 to $41.00
2016-05-24 Reiterated Rating Nomura Holdings Inc. Buy $36.00 to $41.00
2016-05-24 Boost Price Target Barclays PLC Overweight $33.00 to $41.00
2016-05-05 Upgrade Mitsubishi UFJ Financial Group Underweight to Overweight
2016-05-05 Boost Price Target RBC Capital Outperform $43.00 to $45.00
2016-05-05 Boost Price Target Royal Bank Of Canada Outperform $43.00 to $45.00
2016-05-04 Reiterated Rating Bank of America Hold $45.00
2016-05-04 Reiterated Rating Bank of America Corp. Hold $45.00
2016-04-07 Reiterated Rating Jefferies Group Buy $38.00
2016-03-29 Lower Price Target Deutsche Bank Buy $42.00 to $41.00
2016-03-29 Lower Price Target Stifel Nicolaus Buy $40.00 to $37.00
2016-03-29 Lower Price Target Deutsche Bank AG Buy $42.00 to $41.00
2016-03-28 Downgrade Tudor Pickering Buy to Hold
2016-03-18 Initiated Coverage RBC Capital Outperform $44.00
2016-03-12 Reiterated Rating Deutsche Bank Buy
2016-03-03 Lower Price Target Argus Buy $20.00 to $11.00
2016-03-02 Boost Price Target Jefferies Group Buy $38.00
2016-02-18 Boost Price Target Credit Suisse Outperform $38.00 to $40.00
2016-02-03 Initiated Coverage GMP Securities Buy $39.00
2016-02-02 Boost Price Target JPMorgan Chase & Co. Overweight $31.00 to $39.00
2016-01-28 Lower Price Target Barclays Overweight $37.00 to $31.00
2016-01-28 Reiterated Rating Jefferies Group Buy
2016-01-27 Lower Price Target Credit Suisse Outperform $40.00 to $38.00
2016-01-27 Lower Price Target JPMorgan Chase & Co. $42.00 to $31.00
2016-01-21 Upgrade Nomura Neutral to Buy $36.00
2016-01-19 Lower Price Target KLR Group $60.00 to $52.00
2016-01-13 Downgrade Seaport Global Securities Buy to Neutral $44.00 to $29.00
2016-01-07 Upgrade Deutsche Bank Hold to Buy $31.69 to $42.00
2015-12-16 Downgrade Argus Buy to Hold
2015-12-15 Reiterated Rating Scotiabank Sector Perform
2015-12-14 Downgrade Howard Weil Sector Outperform to Sector Perform
2015-12-10 Reiterated Rating JPMorgan Chase & Co. Buy
2015-12-09 Initiated Coverage JPMorgan Chase & Co. Overweight $42.00
2015-12-08 Reiterated Rating Mitsubishi UFJ Financial Group Inc Underweight
2015-12-08 Reiterated Rating Mitsubishi UFJ Financial Group Inc. Underweight
2015-11-30 Reiterated Rating Morgan Stanley Outperform
2015-11-17 Lower Price Target RBC Capital Outperform $47.00 to $46.00
2015-11-04 Boost Price Target BMO Capital Markets $40.00 to $45.00
2015-11-03 Boost Price Target Stifel Nicolaus Buy $44.00 to $48.00
2015-11-03 Boost Price Target Macquarie Neutral $36.00 to $38.00
2015-11-03 Reiterated Rating Sterne Agee CRT Neutral
2015-10-27 Reiterated Rating Cowen and Company Top Pick $52.00
2015-10-21 Reiterated Rating Barclays Overweight $36.00
2015-10-15 Lower Price Target KLR Group $63.00 to $58.00
2015-09-21 Initiated Coverage Morgan Stanley Overweight
2015-09-14 Lower Price Target Citigroup Inc. Neutral $52.00 to $35.00
2015-09-11 Upgrade Jefferies Group Hold to Buy $38.00 to $37.00
2015-09-08 Lower Price Target Barclays Overweight $40.00 to $36.00
2015-09-04 Reiterated Rating Wunderlich Buy $60.00
2015-09-03 Reiterated Rating Credit Suisse Outperform $18.00 to $16.00
2015-08-24 Downgrade Bank of America Buy to Neutral $65.00 to $44.00
2015-08-14 Reiterated Rating Jefferies Group Hold $40.00 to $38.00
2015-08-14 Lower Price Target Howard Weil $60.00 to $58.00
2015-08-14 Lower Price Target Cowen and Company $63.00 to $52.00
2015-08-05 Lower Price Target Barclays Overweight $42.00 to $40.00
2015-08-04 Reiterated Rating RBC Capital Outperform $57.00 to $53.00
2015-07-22 Upgrade Credit Suisse Neutral to Outperform $52.00 to $55.00
2015-07-21 Lower Price Target Global Hunter Securities Buy $55.00 to $48.00
2015-07-21 Lower Price Target Seaport Global Securities Buy $55.00 to $48.00
2015-07-14 Reiterated Rating Barclays Buy
2015-07-13 Reiterated Rating Barclays Buy $47.00 to $42.00
2015-07-07 Upgrade Jefferies Group Underperform to Hold $40.00
2015-07-02 Downgrade Atlantic Securities Overweight to Neutral $55.00 to $48.00
2015-06-30 Upgrade Societe Generale Hold to Buy
2015-06-09 Upgrade Nomura Reduce to Neutral $44.69 to $48.00
2015-06-02 Initiated Coverage Evercore Partners Inc. Buy $51.00
2015-06-02 Reiterated Rating Oppenheimer Market Perform
2015-06-02 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2015-06-01 Initiated Coverage Evercore ISI Buy $51.00
2015-06-01 Lower Price Target Deutsche Bank Hold $56.00 to $52.00
2015-05-29 Reiterated Rating Societe Generale Hold $55.00 to $49.00
2015-05-23 Reiterated Rating KLR Group Buy $65.00 to $68.00
2015-05-19 Reiterated Rating Goldman Sachs Buy $54.00 to $55.00
2015-05-19 Upgrade Global Hunter Securities Neutral to Buy $50.00 to $55.00
2015-05-19 Upgrade Seaport Global Securities Neutral to Buy $50.00 to $55.00
2015-05-19 Reiterated Rating Goldman Sachs Group Inc. Buy $54.00 to $55.00
2015-05-10 Reiterated Rating KLR Group Buy $64.00 to $65.00
2015-05-06 Reiterated Rating Oppenheimer Market Perform
2015-04-30 Boost Price Target Argus Buy $17.00 to $20.00
2015-04-27 Initiated Coverage Cowen and Company Outperform $63.00
2015-04-24 Reiterated Rating Jefferies Group Underweight $44.00 to $43.00
2015-04-22 Initiated Coverage Nomura Reduce $48.00
2015-04-21 Downgrade Societe Generale Buy to Hold $52.00 to $55.00
2015-04-17 Upgrade Wolfe Research Peer Perform to Outperform
2015-04-09 Reiterated Rating Citigroup Inc. Hold $50.00 to $52.00
2015-03-31 Reiterated Rating Oppenheimer Market Perform
2015-03-09 Lower Price Target Argus Buy $30.00 to $17.00
2015-02-27 Lower Price Target RBC Capital Outperform $58.00 to $57.00
2015-02-20 Boost Price Target Jefferies Group Underperform $41.00 to $44.00
2015-02-20 Reiterated Rating Citigroup Inc. Hold $44.00 to $50.00
2015-02-06 Initiated Coverage Jefferies Group Underperform
2015-02-03 Downgrade Global Hunter Securities Buy to Neutral
2015-02-03 Upgrade Stifel Nicolaus Hold to Buy
2015-02-03 Downgrade Seaport Global Securities Buy to Neutral
2015-02-02 Lower Price Target Howard Weil Sector Outperform $71.00 to $61.00
2015-01-30 Reiterated Rating Deutsche Bank Hold $60.00 to $56.00
2015-01-23 Downgrade Credit Suisse Outperform to Neutral $50.00
2015-01-14 Lower Price Target Barclays Overweight $57.00 to $48.00
2015-01-09 Upgrade Societe Generale Hold to Buy
2015-01-07 Downgrade Citigroup Inc. Buy to Neutral
2015-01-06 Lower Price Target Deutsche Bank Hold $68.00 to $60.00
2014-12-16 Lower Price Target Barclays Overweight $76.00 to $65.00
2014-12-09 Initiated Coverage Stifel Nicolaus Hold
2014-12-08 Lower Price Target Citigroup Inc. Buy $88.00 to $65.00
2014-12-05 Lower Price Target JPMorgan Chase & Co. Overweight $69.00 to $60.00
2014-10-30 Reiterated Rating Barclays Overweight $83.00 to $76.00
2014-10-29 Lower Price Target RBC Capital Outperform $81.00 to $68.00
2014-10-22 Reiterated Rating Wunderlich Buy $94.00 to $83.00
2014-10-20 Reiterated Rating Morgan Stanley Overweight $84.00 to $82.00
2014-10-09 Reiterated Rating Barclays Overweight $94.00 to $83.00
2014-09-24 Initiated Coverage Wolfe Research Peerperform
2014-09-16 Initiated Coverage Atlantic Securities Overweight $88.00
2014-08-05 Downgrade Deutsche Bank Hold
2014-07-29 Reiterated Rating Morgan Stanley Overweight $92.00 to $84.00
2014-07-28 Reiterated Rating JPMorgan Chase & Co. Overweight $94.00 to $92.00
2014-07-28 Upgrade KLR Group Accumulate to Buy $94.00
2014-07-25 Boost Price Target Barclays Overweight $93.00 to $94.00
2014-07-18 Reiterated Rating Deutsche Bank Hold $85.00 to $90.00
2014-07-16 Boost Price Target Capital One Financial Corp. $7.00 to $86.00
2014-07-10 Boost Price Target Howard Weil Focus Stock $85.00 to $88.00
2014-06-11 Reiterated Rating Deutsche Bank Hold $78.00 to $81.00
2014-06-03 Reiterated Rating Johnson Rice Overweight
2014-04-29 Upgrade Iberia Capital Sector Perform to Outperform $90.00
2014-04-25 Boost Price Target Mizuho Buy $76.00 to $83.00
2014-04-25 Reiterated Rating Deutsche Bank Hold $78.00
2014-04-23 Boost Price Target Guggenheim $80.00 to $88.00
2014-04-21 Downgrade Global Hunter Securities Neutral
2014-04-21 Downgrade KLR Group Buy to Accumulate
2014-04-21 Downgrade Seaport Global Securities Neutral
2014-04-14 Reiterated Rating Goldman Sachs Neutral $30.00 to $29.00
2014-04-01 Boost Price Target Deutsche Bank Hold $75.00 to $77.00
2014-02-27 Boost Price Target Guggenheim Buy $73.00 to $80.00
2014-02-24 Initiated Coverage KLR Group Buy $91.00
2014-02-07 Upgrade Bank of America Neutral to Buy $82.00 to $87.00
2014-02-07 Boost Price Target Wunderlich $84.00 to $88.00
2014-02-07 Upgrade Mizuho Neutral to Buy $75.00 to $78.00
2014-01-27 Initiated Coverage Cowen and Company Outperform
2014-01-21 Downgrade Morgan Stanley Equal Weight
2014-01-14 Downgrade Evercore ISI Neutral
2014-01-08 Upgrade Howard Weil Outperform to Focus Stock $85.00
2013-12-23 Reiterated Rating FBR & Co. Top Pick
2013-12-18 Lower Price Target Mizuho Neutral $80.00 to $75.00
2013-12-16 Boost Price Target BMO Capital Markets $62.00 to $75.00
2013-12-09 Downgrade Deutsche Bank Buy to Hold $82.00 to $75.00
2013-12-05 Downgrade Macquarie Outperform to Neutral $81.00 to $78.00
2013-11-01 Boost Price Target Credit Suisse $70.00 to $85.00
2013-10-25 Boost Price Target RBC Capital Outperform $75.00 to $82.00
2013-10-25 Boost Price Target Howard Weil Sector Outperform $74.00 to $85.00
2013-10-25 Boost Price Target Deutsche Bank Buy $73.00 to $82.00
2013-10-25 Boost Price Target FBR & Co. Outperform $105.00 to $115.00
2013-10-23 Reiterated Rating FBR & Co. Top Pick $105.00 to $115.00
2013-10-22 Boost Price Target Guggenheim Buy $75.00 to $77.00
2013-10-22 Boost Price Target Wunderlich Buy $72.00 to $84.00
2013-10-18 Boost Price Target Susquehanna Positive $45.00 to $46.00
2013-10-16 Lower Price Target Jefferies Group Hold $43.00 to $42.00
2013-10-16 Downgrade BMO Capital Markets Outperform to Underperform
2013-10-11 Lower Price Target Raymond James Outperform $52.00 to $50.00
2013-10-11 Lower Price Target Cowen and Company Outperform $48.00 to $47.00
2013-10-11 Lower Price Target RBC Capital Outperform $45.00 to $43.00
2013-10-04 Boost Price Target Barclays Overweight $71.00 to $75.00
2013-06-04 Reiterated Barclays Overweight $140 to $70
2013-04-03 Reiterated UBS Buy $126 to $145
2013-02-11 Reiterated Howard Weil Sector Outperform $118 to $130
2016-07-10 Reiterated Rating Deutsche Bank AG Buy
2016-07-07 Upgrade Citigroup Inc. Neutral to Buy
2016-07-06 Boost Price Target Wunderlich Buy $44.00 to $45.00
2016-06-22 Initiated Coverage Credit Agricole Outperform
2016-06-22 Initiated Coverage Credit Agricole SA Outperform

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks