About the Company
Noble Energy, Inc. was an American company involved in exploring and producing crude oil and natural gas. In October 2020, the company was acquired by Chevron Corporation. Before its acquisition, Noble Energy, Inc. shares were traded on NASDAQ under the ticker symbol “NBL”. Its core operations were based mainly in Marcellus Shale, offshore Eastern Mediterranean and the DJ Basin. NBL was founded by Lloyd Noble as Samedan Oil Corporation in 1932.
It completed the acquisition of its first offshore block in the Gulf of Mexico. In 1969, Noble Affiliates was formed as a holding company to primarily hold two companies, Samedan Oil Corporation and Noble Drilling Corporation. In 1972, an initial public offering was made, and it was listed on NASDAQ as a public company.
Eight years later, Noble Affiliates was listed on the New York Stock Exchange with the ticker symbol “NBL”.
In 1998, Noble Affiliates became the first organisation to explore offshore Israel and subsequently discovered Mari-B natural gas. In 2002, Noble Affiliates was renamed to Noble Energy as it ventured into methanol and electricity production and transformed into a global energy company. Two years later, NBL supplied domestic natural gas to Israel from the Mari-B field it had discovered. In 2007, NBL became a component of the S&P 500 index. In 2010, Noble Energy created history when it discovered the largest offshore natural gas at Leviathan field, a natural gas field, located in the Mediterranean Sea near the coast of Israel.
NBL completed its largest acquisition in 2005 when it successfully acquired Patina Oil and Gas for approximately $3.4 billion. This acquisition led to the expansion of NBL’s U.S. asset portfolio. The two most targeted sectors of Noble Energy include crude oil/gas exploration and energy services. One of its most significant disclosed sales was in 2012 when it sold off its oil and natural gas assets to Unit petroleum for an estimated $595 million. In 2011, NBL announced that it had reached an agreement with CONSOL Energy in Marcellus Shale to form a strategic partnership. In 2019, NBL shifted its stock exchange listing from NYSE to the NASDAQ Global Select Market. Moreover, in the same year, NBL occupied the 1541st position on Forbes’ Global 2000 list. In 2020, it was included in Forbes’ World’s Best Employers list.;
Organisation | Noble Energy Inc |
Industry | Oil & Gas E&P |
HeadQuarters | Houston, TX |