Noble Energy (Noble Energy) COGS-to-Revenue : 1.05 (As of Jun. 2020)

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What is Noble Energy COGS-to-Revenue?

Noble Energy's Cost of Goods Sold for the three months ended in Jun. 2020 was $597 Mil. Its Revenue for the three months ended in Jun. 2020 was $571 Mil.

Noble Energy's COGS to Revenue for the three months ended in Jun. 2020 was 1.05.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Noble Energy's Gross Margin % for the three months ended in Jun. 2020 was -4.55%.

Noble Energy COGS-to-Revenue Historical Data

The historical data trend for Noble Energy's COGS-to-Revenue 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.

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Noble Energy COGS-to-Revenue Chart

Noble Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

COGS-to-Revenue

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1.01

1.02

0.75

0.69

0.85

Noble Energy Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
COGS-to-Revenue	Get a 7-Day Free Trial															0.82	0.87	0.84	0.89	1.05

Noble Energy COGS-to-Revenue Calculation

Noble Energy's COGS to Revenue for the fiscal year that ended in Dec. 2019 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3765	/	4438
	=	0.85

Noble Energy's COGS to Revenue for the quarter that ended in Jun. 2020 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	597	/	571
	=	1.05

Noble Energy (NAS:NBL) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Noble Energy's Gross Margin % for the three months ended in Jun. 2020 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	597 / 571
	=	-4.55 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Noble Energy COGS-to-Revenue Related Terms

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Noble Energy (Noble Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Energy Inc (NAS:NBL) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Noble Energy Way, Houston, TX, USA, 77070

Website

https://www.nblenergy.com

Noble Energy is an independent oil and gas producer with key assets in the U.S., Israel, and West Africa. At the end of 2019, the company reported net proven reserves of 2.05 billion barrels of oil equivalent. Net production averaged 361 thousand barrels of oil equivalent per day in 2019, at a ratio of 57% oil and natural gas liquids and 43% natural gas.

Executives

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