Noble Energy layoffs, on the record
Every job cut, severance charge and restructuring Noble Energy reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 2,277 to 2,282.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2017 | 2,277 | December 31, 2017 |
| 10-K for 2018 | 2,330 | December 31, 2018 |
| 10-K for 2019 | 2,282 | December 31, 2019 |
Job cuts, severance and restructuring
Our summaryCompany recorded corporate restructuring expense in 2016, and in 2015, as an item in other operating expense.
Word for word“Corporate Restructuring Expense (6) — 8 51 Pension Plan Expense (7) — — 88 Impact of Rosetta Merger (8) — (25 ) 81 North Sea Remediation Project Revision (9) (42 ) — — Loss on Asset Due to Terminated Contract (10) — 41 — Gain on Divestitures, Net (11) (326 ) (238 ) — Other, Net 33 53 79 Total $ (188 ) $ (103 ) $ 332 (1) Certain of our gathering and processing expenses were historically presented as components of other operating expense, net, in our consolidated statement of operations.” 10-K for 2017
Our summaryCompany incurred severance and other merger-related costs in connection with the Clayton Williams Energy acquisition.
Word for word“In connection with the Clayton Williams Energy Acquisition, we have incurred acquisition-related costs of $100 million to date, including $64 million of severance, consulting, investment, advisory, legal and other merger-related fees and $36 million of noncash share-based compensation expense, all of which were expensed and are included in other operating expense, net in our consolidated statements of operations.” 10-K for 2017
Our summaryCompany incurred severance and other merger-related costs in connection with the Rosetta merger.
Word for word“In connection with the Rosetta Merger, we incurred merger-related costs of approximately $81 million , including (i) $66 million of severance, consulting, investment, advisory, legal and other merger-related fees, and (ii) $15 million of noncash share-based compensation expense, all of which were expensed and are included in other operating (income) expense, net.” 10-K for 2017
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $8 million |
| 2017-12-31 | $0 |
Noble Energy has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Noble Energy’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.