Company: NE-WTA
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001628280-25-015025
Chunk: 1

Company: Noble Corp plc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 1
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 has taken a highly opportunistic step forward with the Diamond acquisition by adding outstanding assets, people and backlog to our business in a manner that improves our competitive posture and cash flow profile for any market condition.

Over the medium to longer term, as the world continues to rely on offshore and deepwater hydrocarbon production as a critical energy source, we believe in a positive fundamental outlook for our industry and Noble’s competitive position.

#### Executing on our Strategy
Noble remains committed to being “First Choice Offshore” with employees, customers and shareholders. From an asset perspective, this ambition is supported by a fleet of high specification deepwater and harsh environment offshore rigs which represents one of the most modern, capable, and highly utilized fleets in the industry.

Our customer and workforce strategy coalesce around Noble’s exceptional organizational strength and culture. We seek to empower and develop our highly talented and committed offshore and shore-based teams around the world to build meaningful careers and to align themselves with the success of Noble and our customers. We pursue and incentivize exacting standards for HSE, innovation and efficiency in order to manage our customers’ most technically challenging and high-risk operations with unwavering reliability. It is this reliability that ultimately drives our commercial success over the long run.

Our First Choice proposition for shareholders rests on a straightforward financial strategy: to maintain a sound balance sheet and maximize equity value by generating and returning free cash flow to shareholders via dividends and share repurchases. During calendar year 2024, Noble executed on this financial strategy by repurchasing $300 million dollars of shares (following $95 million dollars of share repurchases in 2023) and returning an additional $276 million of capital via dividends.

#### ESG Initiatives Driving Competitive Advantage
We believe sustainability is vital to our competitive positioning in the market. We understand our role as a drilling contractor within the oil and gas lifecycle helping our customers drill for hydrocarbons as responsibly and cost-efficiently as possible, during and beyond the

transition to a lower-carbon world. We are guided by our new sustainability framework and strategy that focuses on three pillars: Sustainable Energy Future (environmental), Caring for People (social) and Responsible Business (governance). We are committed to a realistic sustainability agenda and to executing on that plan. In 2023, our Board approved a target for a 20% reduction in carbon intensity per contracted day by 2030, from a 2021 baseline. We consider this target ambitious yet achievable given our technology acumen, innovation capacity and customer relationships.