Noble Corporation PLC
CSE:NOBLE
Gross Margin
Noble Corporation PLC
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Noble Corporation PLC
CSE:NOBLE
|
31.4B DKK |
43%
|
|
| CN |
|
China Oilfield Services Ltd
SSE:601808
|
40.3B CNY |
16%
|
|
| US |
|
Noble Corp (Cayman Island)
NYSE:NE
|
4.3B USD |
43%
|
|
| SA |
A
|
ADES Holding Company SJSC
SAU:2382
|
14.1B SAR |
38%
|
|
| BM |
|
Valaris Ltd
NYSE:VAL
|
3B USD |
0%
|
|
| CH |
|
Transocean Ltd
NYSE:RIG
|
2.3B USD |
37%
|
|
| DK |
M
|
Maersk Drilling A/S
F:72D
|
1.9B EUR |
30%
|
|
| US |
|
Patterson-UTI Energy Inc
NASDAQ:PTEN
|
2.3B USD |
26%
|
|
| SA |
A
|
Arabian Drilling Co
SAU:2381
|
6.9B SAR |
19%
|
|
| BM |
|
Seadrill Ltd
NYSE:SDRL
|
1.6B USD |
32%
|
|
| BM |
|
Odfjell Drilling Ltd
OSE:ODL
|
16.2B NOK |
0%
|
Noble Corporation PLC
Glance View
Noble Corporation PLC is a formidable player in the oil and gas drilling industry, with its roots tracing back to the early 20th century. Originally starting as a land drilling company, Noble evolved over decades into a leader in offshore drilling, focusing on drilling services for oil and gas companies across the globe. The company primarily operates a fleet of high-specification drilling rigs, including ultra-deepwater, harsh environment, and jack-up rigs, each engineered to withstand challenging conditions and operate efficiently at significant depths and extreme environments. Noble leverages its expertise and technological advancements to expand its drilling operations, tailoring solutions to meet the complex and demanding needs of energy exploration companies. Revenue streams for Noble are predominantly based on long-term contracts with major oil companies, which provide a stable cash flow and mitigate exposure to the volatile nature of oil prices. The company's services are tailored to each client's needs, ranging from drilling exploration wells to developing and producing hydrocarbons. Noble's expertise offers clients the efficiency and safety they require to operate in remote or harsh maritime conditions. This focus on long-term partnerships, technological prowess, and operational excellence forms the backbone of Noble's business model, ensuring it remains a key contributor to the global energy industry while navigating the cyclical nature of its market.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Noble Corporation PLC's most recent financial statements, the company has Gross Margin of 43%.
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