Noble Energy Inc. (NBL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1001 NOBLE ENERGY WAY
HOUSTON, TX 77070
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4847166751,1801,0281,183
Cash and cash equivalents 4847166751,1801,0281,183
Receivables 7306167486154501,154
Inventory, net of allowances, customer advances and progress billings  1216182324
Inventory  1216182324
Derivative instruments and hedges, assets     582710
Disposal group, including discontinued operation      180
Other current assets 148418780160216325
Other undisclosed current assets  (12)(16)(18)(23)(501)
Total current assets: 1,3621,7502,2031,9552,2763,075
Noncurrent Assets
Property, plant and equipment 1,08318,41917,50218,54821,30018,143
Oil and gas property, successful effort method 30,404    25,599
Oil and gas property, full cost method      600
Long-term investments and receivables      325
Long-term investments      325
Intangible assets, net (including goodwill)  1101,310  620
Goodwill  1101,310  620
Derivative instruments and hedges      180
Deferred costs      111
Other noncurrent assets 1,834731461508620715
Other undisclosed noncurrent assets (14,036)    (26,815)
Total noncurrent assets: 19,28519,26019,27319,05621,92019,478
TOTAL ASSETS: 20,64721,01021,47621,01124,19622,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      628
Interest and dividends payable      70
Taxes payable      290
Employee-related liabilities      125
Accrued liabilities      143
Debt 42    68
Asset retirement obligation      81
Deferred tax liabilities    158
Other liabilities 719519578742677944
Other undisclosed current liabilities 1,2081,2071,1617361,128643
Total current liabilities: 1,9691,7261,7391,4781,8052,522
Noncurrent Liabilities
Long-term debt and lease obligation, including: 7,4776,5746,7467,0117,9766,103
Finance lease, liability 163
Other undisclosed long-term debt and lease obligation 7,1506,5746,7467,0117,9766,103
Liabilities, other than long-term debt, including: 2,0402,2262,37263116175
Deferred compensation liability, classified      218
Asset retirement obligations      670
Deferred tax liabilities, net1,0611,1271,8192,8262,516
Deferred income tax liabilities 662
Liability, pension and other postretirement and postemployment benefits      24
Other liabilities 1,3781,1651,2451,1031,2191,087
Operating lease, liability 164
Other undisclosed liabilities, other than long-term debt    (2,859)(3,929)(4,340)
Other undisclosed noncurrent liabilities    2,8593,9293,428
Total noncurrent liabilities: 9,5178,8009,1189,93312,0219,706
Total liabilities: 11,48610,52610,85711,41113,82612,228
Temporary equity, carrying amount 106     
Equity
Equity, attributable to parent 8,4109,4269,9369,28810,37010,325
Common stock 555554
Treasury stock, value (732)(730)(725)(692)(688)(671)
Additional paid in capital 8,9278,2038,4386,4506,3603,624
Accumulated other comprehensive loss (31)(32)(30)(31)(33)(90)
Retained earnings 2411,9802,2483,5564,7267,458
Equity, attributable to noncontrolling interest 6451,058683312  
Total equity: 9,05510,48410,6199,60010,37010,325
TOTAL LIABILITIES AND EQUITY: 20,64721,01021,47621,01124,19622,553

Income Statement (P&L) ($ in millions)

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 4,4384,9864,2563,4913,1335,101
Revenue, net4,0603,3893,0434,931
Cost of revenue (431) (571)(34)(30)(620)
Cost of goods and services sold (431) (571) (30)(620)
Financial services costs (34)  
Gross profit: 4,0074,9863,6853,4573,1034,481
Operating expenses (5,757)(4,635)(6,058)(4,787)(5,605)(4,183)
Other operating expense, net      (22)
Other undisclosed operating income 431 5713430642
Operating income (loss): (1,319)351(1,802)(1,296)(2,472)918
Nonoperating income (expense) (457)(211)(389)(476)253792
Investment income, nonoperating   63  976
Interest and debt expense (44)(8)(98)(328)(263)(210)
Income (loss) from continuing operations before equity method investments, income taxes: (1,820)132(2,289)(2,100)(2,482)1,500
Income from equity method investments      170
Other undisclosed income from continuing operations before income taxes 4489832826340
Income (loss) from continuing operations before income taxes: (1,776)140(2,191)(1,772)(2,219)1,710
Income tax expense (benefit) 343(126)1,141787(222)(496)
Income (loss) from continuing operations: (1,433)14(1,050)(985)(2,441)1,214
Income (loss) before gain (loss) on sale of properties: (1,433)14(1,050)(985)(2,441)1,214
Net income (loss): (1,433)14(1,050)(985)(2,441)1,214
Net loss attributable to noncontrolling interest (79)(80)(68)(13)  
Net income (loss) available to common stockholders, basic: (1,512)(66)(1,118)(998)(2,441)1,214
Dilutive securities, effect on basic earnings per share      (17)
Net income (loss) available to common stockholders, diluted: (1,512)(66)(1,118)(998)(2,441)1,197

Comprehensive Income ($ in millions)

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (1,433)14(1,050)(985)(2,441)1,214
Other comprehensive income   1425727
Other undisclosed comprehensive loss   (12)   
Comprehensive income (loss): (1,433)14(1,048)(983)(2,384)1,241
Comprehensive loss, net of tax, attributable to noncontrolling interest (79)(80)(68)(13)  
Comprehensive income (loss), net of tax, attributable to parent: (1,512)(66)(1,116)(996)(2,384)1,241

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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