Steadfast respect for communities land and protecting

This preview shows page 2 - 4 out of 19 pages.

“steadfast respect for communities, land, and protecting natural resources” (Noble Energy, "Our Purpose", 2019). The Noble Energy Inc. mission is “Energizing the World, Bettering People’s Lives®.” Their vision is, “creating sustainable, mutually beneficial value.” It is very clear that there is a strong commitment to safety, environmental responsibility, and innovation. Headquar- tered in Houston, Texas, Noble Energy Inc. has production and exploration offices in Cameroon, Cyprus, Equatorial Guinea, Washington DC, Texas, Israel, and the US. Notable customers in- clude Exxon Mobil Corp., Marathon Oil Corporation, Sunoco LP (CSI Market, 2019) ORGANIZATIONAL STRUCTURE In terms operational size, Noble Energy, Inc. employs roughly 2,330 people, and their sales vol- ume reached approximately $4,986,000,000 in 2018 (Mergent Online, 2019). The company is run by an executive team that consists of the Chairman and CEO, President and Chief Operating Officer, Executive Vice President and Chief Financial Officer Senior Vice President, General Counsel and Corporate Secretary. Other members of the executive team include the Senior Vice President, Corporate Development, Human Resources, Administration and Security Head. A va- riety of engineers, project managers, land administrators, and geo scientists are the backbone of the company and complete the calculations necessary in order to successfully execute the strate- gic plans from corporate. The final aspect of structural leadership within Noble Energy Inc., is
Brock 3 the Board of Directors that serves as council to the executive team. Together they work to make the most economically advantageous decisions for the company, while adhering to their values of community, environmental sustainability, and safety. In April 2013 Noble Energy revealed a new organizational structure to support the material growth they anticipated over the next several years. The goal was to keep a centralized command control structure. Noble Energy has three major operating regions. The first region, U.S. Onshore, is also responsible for their horizontal developments Marcellus Shale and DJ Basin. This division helps facilitate the rapid transfer of best practices and findings between the similar areas. The second region encompasses the East- ern Mediterranean. This high yielding region required its own senior leadership due to the newly formed Israel and Cyprus projects. The third and final region manages all of the U.S. Gulf of Mexico, Africa and Frontier. This group allows Noble Energy to truly cultivate and grow their off-shore operations and Exploration projects. Noble Energy also developed a Global Operations Services organization and Corporate Development group to further ensure effective communica- tion, coordination, and integration of efforts across departments. RECENT FINANCIAL PERFORMANCE According to NobleEnergy’s Annual Report, over the last 3 years, there have been signifi- cant changes with the financials of the company. Since 2016, Noble Energy, has increased an an- nual interest savings of $230 million per year Noble Energy, due to the fact that they were able to reduce their net debt by $2.6 billion. Thanks to the executive management team, long term debt

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture