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Noble Energy Inc   (NBL)
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    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy

Noble Energy Inc 's

Competitiveness


 

NBL Sales vs. its Competitors Q2 2020



Comparing the current results to its competitors, Noble Energy Inc reported Revenue decrease in the 2 quarter 2020 year on year by -47.76 %, slower than the combined decrease of the NBL's competitors by -56.41 %, recorded in the same quarter.

List of NBL Competitors





Revenue Growth Comparisons




Net Income Comparison


Noble Energy Inc , faster than the decline experienced by the competitors recorded a net loss, as well as most of its competitors.

<<  NBL Stock Performance Comparisons


Noble Energy Inc 's Comment on Competitors and Industry Peers


The crude oil and natural gas industry is highly competitive. We encounter competition from other crude oil and natural gas companies in all areas of operations, including the acquisition of seismic data and lease rights on crude oil and natural gas properties and for the labor and equipment required for exploration and development of those properties. Our competitors include major integrated crude oil and natural gas companies, state-controlled national oil companies, independent crude oil and natural gas companies, service companies engaging in exploration and production activities, drilling partnership programs, private equity, and individuals. Many of our competitors are large, well-established companies. Such companies may be able to pay more for seismic information and lease rights on crude oil and natural gas properties and exploratory prospects and to define, evaluate, bid for and purchase a greater number of properties and prospects than our financial or human resources permit.