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Noble Corporation  (NE)
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Noble's

Competitiveness


 

NE Sales vs. its Competitors Q2 2021



Comparing the results to its competitors, Noble reported Total Revenue decrease in the 2 quarter 2021 year on year by -7.81 %, despite revenue increase by most of its competitors of 50.2 %, recorded in the same quarter.

List of NE Competitors

With net margin of 9.32 % company achieved higher profitability than its competitors.

More on NE Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Noble Corporation achieved net profit of $20 millions compare to net loss of $-42 millions recorded in same quarter a year ago.

<<  More on NE Income Comparisons


Noble's Comment on Competitors and Industry Peers


The offshore contract drilling industry is a highly competitive and cyclical business characterized by high capital and maintenance costs. We compete with other providers of offshore drilling rigs. Some of our competitors may have access to greater financial resources than we do.
In the provision of contract drilling services, competition involves numerous factors, including price, rig availability and suitability, experience of the workforce, efficiency, safety performance record, condition and age of equipment, operating integrity, reputation, industry standing and client relations. We believe that we compete favorably with respect to all of these factors. We follow a policy of keeping our equipment well maintained and technologically competitive. However, our equipment could be made obsolete by the development of new techniques and equipment, regulations or customer preferences.

We compete on a worldwide basis, but competition may vary by region at any particular time. Demand for offshore drilling equipment also depends on the exploration and development programs of oil and gas producers, which in turn are influenced by the financial condition of such producers, by general economic conditions, prices of oil and gas and by political considerations and policies.

In addition, industry-wide shortages of supplies, services, skilled personnel and equipment necessary to conduct our business have historically occurred. We cannot assure that any such shortages experienced in the past will not happen again in the future.





  

Overall company Market Share Q2 2021

Overall company, revenue fell by -7.81 % and company lost market share, to approximate 0.85 %.





<<  More on NE Market Share.
 

*Market share calculated with total revenue.


NE's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Noble Corporation 946 1,565 -3,916 -
Dover Corp 7,466 24,290 1,699 27,000
Rowan Companies Plc 1,120 1,379 -50 4,051
Transocean ltd 2,708 1,855 28 0
Nabors Industries Ltd 1,917 625 -538 0
Cameron International Corp 9,838 0 724 28,000
Baker Hughes Holdings Llc 18,797 0 -16,273 0
Halliburton Company 14,255 19,668 414 80,000
Nov Inc 5,334 4,590 -550 63,642
Loews Corp 14,799 14,449 1,685 17,510
Diamond Offshore Drilling Inc 715 13 -661 0
Helmerich and Payne inc 1,219 2,323 -326 10,352
Schlumberger Limited 27,494 41,638 1,700 120,000
Matson inc 3,358 3,525 619 1,056
Layne Christensen Co 479 326 -2 3,380
Klx Inc. 1,628 3,206 481 2,900
Oil States International Inc 549 299 -63 2,821
American Energy Group Ltd 0 0 -1 2
Barnwell Industries inc 18 20 6 29
Independence Contract Drilling inc 70 20 -50 299
Roan Resources, Inc. 414 0 71 1,500
Atwood Oceanics Inc 1,866 606 161 938
Basic Energy Services Inc 377 1 -161 0
Energy & Technology Corp. 3 0 0 93
Forbes Energy Services Ltd 160 0 -117 843
Nuverra Environmental Solutions Inc 97 21 -26 0
Leonardo Drs Inc 1,706 0 88 0
Parker Drilling Co 481 105 -166 2,199
Patterson uti Energy Inc 1,111 1,413 -399 3,600
Rignet Inc 208 186 -46 503
Superior Drilling Products Inc 11 18 -2 43
Vantage Drilling International 94 0 -279 930
SUBTOTAL 119,240 122,141 -15,948 371,691


       
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