Noble Corp.
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Noble Corp. - overview
Established
1921
Location
Sugar Land, TX, US
Primary Industry
Oil & Gas
About
Noble Corporation is a prominent provider of offshore drilling services, specializing in high-quality solutions for the energy sector with advanced drilling technologies that enhance operational efficiency. Noble Corporation operates in the offshore drilling sector, providing services primarily to major oil and gas companies. The company is headquartered in Sugar Land, US. Robert Eifler serves as the CEO, overseeing strategy and operations.
Noble Corporation has undergone various strategic adjustments over the years to align with the evolving energy market but has not specified any pivots or changes recently. Noble Corporation specializes in high-quality offshore drilling services, focusing on the energy sector. Their offerings include advanced drillships and semisubmersible rigs designed to facilitate the exploration and production of oil and gas in deepwater environments. These assets utilize advanced technology to improve operational efficiency and safety, addressing challenges in extracting resources in offshore locations.
They serve a clientele of major oil and gas corporations, positioning Noble as a key player in the offshore drilling market, with services deployed in critical regions such as the Gulf of Mexico, North Sea, and offshore Brazil. In 2022, Noble Corporation reported a revenue of USD 1. 41 bn and an EBITDA of USD 405. 55 mn.
The company's revenue is generated through long-term contracts with clients, typically involving a day-rate fee model for the use of its drilling rigs. Additionally, partnerships with oil and gas firms facilitate joint ventures that further integrate their services into clients’ operations, fostering ongoing relationships with large energy companies. Noble Corporation aims to enhance its service offerings by developing new drilling technologies and potentially expanding into new geographic regions. The company is focusing on markets that present growth opportunities, although specific regions and timelines were not disclosed.
Recent funding may support these initiatives, enhancing their operational capabilities and service offerings.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.noblecorp.com
Total Amount Raised
Subscriber access only
Noble Corp. - timeline of key events
Noble Corp. - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,234,290,000 | 3,232,504,000 | 3,352,252,000 | 2,302,065,000 | 1,236,915,000 | 1,082,826,000 | 1,305,438,000 | - | - | - |
| % Revenue Growth (YoY) | - | (23.7%) | 3.7% | (31.3%) | (46.3%) | (12.5%) | 20.6% | - | - | - |
| EBITDA (USD) | 2,044,600,000 | 1,095,878,000 | 1,593,478,000 | (116,159,000) | 446,765,000 | (435,551,000) | (211,315,000) | - | - | - |
| Operating Income (USD) | 1,121,558,000 | 185,942,000 | 920,001,000 | (761,946,000) | (125,400,000) | (946,074,000) | (666,273,000) | - | - | - |
| Operating Margin | 26.5% | 5.8% | 27.4% | (33.1%) | (10.1%) | (87.4%) | (51.0%) | - | - | - |
| % EBITDA Margin | 48.3% | 33.9% | 47.5% | (5.0%) | 36.1% | (40.2%) | (16.2%) | - | - | - |
| NET Income (USD) | 850,406,000 | 83,316,000 | 583,201,000 | (857,873,000) | (451,732,000) | (1,130,535,000) | (874,366,000) | - | - | - |
| % Net Margin | 20.1% | 2.6% | 17.4% | (37.3%) | (36.5%) | (104.4%) | (67.0%) | - | - | - |
Noble Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Frontier Drilling ASA | - | ||||||||
| Trade Sale | Completed | Frontier Drilling ASA | - |
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Noble Corp. - employee data
Noble Corp. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| SVP & Chief Financial Officer and Board Member | BM | ||||||
| Member Board Of Directors | BM |
BM Board Member
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