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Operating Margin % is calculated as Operating Income divided by its Revenue. Noble Energy's Operating Income for the three months ended in Jun. 2020 was $-114 Mil. Noble Energy's Revenue for the three months ended in Jun. 2020 was $571 Mil. Therefore, Noble Energy's Operating Margin % for the quarter that ended in Jun. 2020 was -19.96%.
The historical rank and industry rank for Noble Energy's Operating Margin % or its related term are showing as below:
Noble Energy's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.
Noble Energy's Operating Income for the three months ended in Jun. 2020 was $-114 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2020 was $-1,639 Mil.
Warning Sign:
Noble Energy Inc had operating loss over the past 3 years.
The historical data trend for Noble Energy's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Noble Energy Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Operating Margin % | Get a 7-Day Free Trial | -33.59 | -41.39 | 10.67 | 20.66 | 0.27 |
Noble Energy Quarterly Data | ||||||||||||||||||||
Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | |
Operating Margin % | Get a 7-Day Free Trial | 3.66 | 1.79 | -5.88 | -144.71 | -19.96 |
For the Oil & Gas E&P subindustry, Noble Energy's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, Noble Energy's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Noble Energy's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Noble Energy's Operating Margin % for the fiscal year that ended in Dec. 2019 is calculated as
Operating Margin % | = | Operating Income (A: Dec. 2019 ) | / | Revenue (A: Dec. 2019 ) |
= | 12 | / | 4438 | |
= | 0.27 % |
Noble Energy's Operating Margin % for the quarter that ended in Jun. 2020 is calculated as
Operating Margin % | = | Operating Income (Q: Jun. 2020 ) | / | Revenue (Q: Jun. 2020 ) |
= | -114 | / | 571 | |
= | -19.96 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Noble Energy (NAS:NBL) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Thank you for viewing the detailed overview of Noble Energy's Operating Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christine M Michel | officer: SVP, HR & Administration | 1001 NOBLE ENERGY WAY HOUSTON TX 77070 |
Rachel G Clingman | officer: SVP, General Counsel/Corp Sec | 1001 NOBLE ENERGY WAY HOUSTON TX 77070 |
Thomas Hodge Walker | officer: Sr. VP U.S. Onshore | 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
J. Keith Elliott | officer: Sr. VP Offshore | NOBLE ENERGY INC. 1001 NOBLE ENERGY WAY HOUSTON TX 77070 |
Dustin A. Hatley | officer: VP, Chief Accounting Officer | NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Scott D Urban | director | NOBLE ENERGY, INC. 1001 NOBLE ENERGY WAY HOUSTON TX 77070 |
James E Craddock | director | 410 - 17TH STREET, SUITE 1400, DENVER CO 80202 |
Van Kleef William T | director | |
David L Stover | director, officer: CEO & Director | NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Jeffrey L Berenson | director | C/O EPOCH HOLDING CORPORATION, 640 FIFTH AVENUE, NEW YORK, NY 10019 |
Barbara J Duganier | director | 6 CARLTON PARK COURT, HOUSTON TX 77024-7316 |
Robin H Fielder | officer: SVP, Midstream | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Brent J Smolik | officer: President & COO | 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
John T. Lewis | officer: Sr. VP Corporate Development | NOBLE ENERGY INC. 1001 NOBLE ENERGY WAY HOUSTON TX 77070 |
Kenneth M. Fisher | officer: Exec. VP & CFO | C/O CHAMPIONX CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4 FL12, THE WOODLANDS TX 77381 |
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