Noble Energy is an independent energy company, engaged in crude oil and natural gas exploration and production. Co.'s operating areas include: United States onshore, primarily the DJ Basin, Delaware Basin; Eastern Mediterranean; and West Africa. Co.'s Midstream segment develops, owns, operates and acquires domestic midstream infrastructure assets, or invests in other midstream entities, with existing focus areas being the DJ and Delaware Basins. Co.'s activities include geophysical and geological evaluation, analysis of commercial, regulatory and political risks, and exploratory and development drilling leading to production, where appropriate. We show 44 historical shares outstanding datapoints in our NBL shares outstanding history coverage, used to compute NBL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NBL market cap history over the course of time is important for investors
interested in comparing NBL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of NBL versus a peer is one thing; comparing
NBL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like NBL can fluctuate over the course of history.
With this page we aim to empower investors researching NBL by allowing them to research the NBL market cap history. |
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Video: The Importance of Market Cap
