MEDIUMBuilt-inGeographic
27.1%
US Gulf
“10-K Item 1A: 'operations in the US Gulf, Guyana, and the North Sea accounted for approximately 27.1%, 19.7%, and 16.9%, respectively, of our consolidated operating revenues'”
NE · Concentration risk · 10-K extracted
Noble Corporation plc A (NE) concentration risks
Updated
The most significant concentration Noble Corporation plc A discloses is US Gulf at 27.1%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Noble Corporation plc A’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 6 disclosed concentrations
HIGH0
MEDIUM1
LOW5
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
19.7%
ExxonMobil
“10-K Item 1A: 'ExxonMobil, BP, and Petrobras accounted for approximately 19.7%, 13.2%, and 12.5% respectively, of our consolidated operating revenues for the year ended December 31, 2025'”
LOWBuilt-inGeographic
19.7%
Guyana
“10-K Item 1A: 'operations in the US Gulf, Guyana, and the North Sea accounted for approximately 27.1%, 19.7%, and 16.9%, respectively, of our consolidated operating revenues'”
LOWBuilt-inGeographic
16.9%
North Sea
“10-K Item 1A: 'operations in the US Gulf, Guyana, and the North Sea accounted for approximately 27.1%, 19.7%, and 16.9%, respectively, of our consolidated operating revenues'”
LOWOutside partyCustomer
13.2%
BP
“10-K Item 1A: 'ExxonMobil, BP, and Petrobras accounted for approximately 19.7%, 13.2%, and 12.5% respectively, of our consolidated operating revenues for the year ended December 31, 2025'”
LOWOutside partyCustomer
12.5%
Petrobras
“10-K Item 1A: 'ExxonMobil, BP, and Petrobras accounted for approximately 19.7%, 13.2%, and 12.5% respectively, of our consolidated operating revenues for the year ended December 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is spread across both geographic and customer dimensions, with no single exposure reaching a high disclosed share. On the geographic side, the US Gulf was the largest disclosed region at approximately 27.1% of consolidated operating revenues — a moderate-share structural exposure reflecting where rig deployment is currently concentrated. Guyana and the North Sea contributed approximately 19.7% and 16.9% of consolidated operating revenues, respectively, both small-share structural exposures tied to deepwater and harsh-environment drilling geographies. On the customer side, ExxonMobil was the largest disclosed counterparty at approximately 19.7% of consolidated operating revenues — a small-share dependency by disclosed size. BP and Petrobras contributed approximately 13.2% and 12.5% of consolidated operating revenues, respectively, each also small-share dependencies. The three named clients together represent a meaningful portion of revenues, and the dependency character across all three reflects the contract-driven nature of the offshore drilling business, where a rig idled or a contract not renewed by any one of these operators would directly reduce utilization and revenue. Together, geographic and customer exposures reinforce each other: the US Gulf, Guyana, and the North Sea align with the regions where ExxonMobil, BP, and Petrobras are active. The profile is diversified across multiple geographies and clients, but the small-share, dependency-character customer claims collectively represent a group worth monitoring for contract roll-offs or spending-cycle adjustments.
For the engine’s reasoning on NE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Drilling
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| PTEN | Patterson-UTI Energy, Inc. | 1 | 1 | 1 | 3 |
| HP | Helmerich & Payne, Inc. | 1 | 0 | 1 | 2 |
| SOC | Sable Offshore Corp. | 1 | 0 | 0 | 1 |
| NE● | Noble Corporation plc A | 0 | 1 | 5 | 6 |
| SDRL | Seadrill Limited | 0 | 1 | 3 | 4 |
| RIG | Transocean Ltd (Switzerland) | 0 | 0 | 3 | 3 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.