# Noble Energy, Inc.

Consolidated Statements of Comprehensive Income (Loss)

(millions)

<table><tr><td rowspan="2"></td><td colspan="3">Year Ended December 31,</td></tr><tr><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>Net Loss Including Noncontrolling Interests</td><td>$        (1,050)</td><td>$          (985)</td><td>$        (2,441)</td></tr><tr><td>Other Items of Comprehensive Loss</td><td></td><td></td><td></td></tr><tr><td>Net Change in Mutual Fund Investment</td><td>—</td><td>—</td><td>(11)</td></tr><tr><td>Less Tax Expense</td><td>—</td><td>—</td><td>4</td></tr><tr><td>Net Change in Pension and Other</td><td>3</td><td>3</td><td>99</td></tr><tr><td>Less Tax Benefit</td><td>(1)</td><td>(1)</td><td>(35)</td></tr><tr><td>Other Comprehensive Income</td><td>2</td><td>2</td><td>57</td></tr><tr><td>Comprehensive Loss Including Noncontrolling Interests</td><td>$        (1,048)</td><td>$          (983)</td><td>$        (2,384)</td></tr><tr><td>Less: Comprehensive Income Attributable to Noncontrolling Interests</td><td>68</td><td>13</td><td>—</td></tr><tr><td>Comprehensive Loss Attributable to Noble Energy</td><td>$         (1,116)</td><td>$          (996)</td><td>$        (2,384)</td></tr></table>

The accompanying notes are an integral part of these financial statements.

Noble Energy, Inc.

Consolidated Balance Sheets

(millions)

<table><tr><td></td><td>December 31,
2017</td><td>December 31,
2016</td></tr><tr><td>ASSETS</td><td></td><td></td></tr><tr><td>Current Assets</td><td></td><td></td></tr><tr><td>Cash and Cash Equivalents</td><td>$           675</td><td>$         1,180</td></tr><tr><td>Accounts Receivable, Net</td><td>748</td><td>615</td></tr><tr><td>Other Current Assets</td><td>780</td><td>160</td></tr><tr><td>Total Current Assets</td><td>2,203</td><td>1,955</td></tr><tr><td>Property, Plant and Equipment</td><td></td><td></td></tr><tr><td>Oil and Gas Properties (Successful Efforts Method of Accounting)</td><td>29,678</td><td>30,355</td></tr><tr><td>Property, Plant and Equipment, Other</td><td>879</td><td>909</td></tr><tr><td>Total Property, Plant and Equipment, Gross</td><td>30,557</td><td>31,264</td></tr><tr><td>Accumulated Delpreciation, DedApetion an mortization</td><td>(13,055)</td><td>(12,716)</td></tr><tr><td>Total Property, Plant and Equipment, Net</td><td>17,502</td><td>18,548</td></tr><tr><td>Goodwill</td><td>1,310</td><td>—</td></tr><tr><td>Other Noncurrent Assets</td><td>461</td><td>508</td></tr><tr><td>Total Assets</td><td>$        21,476</td><td>$        21,011</td></tr><tr><td>LIABILITIES AND SHAREHOLDERS’ EQUITY</td><td></td><td></td></tr><tr><td>Current Liabilities</td><td></td><td></td></tr><tr><td>Accounts Payable ­ Trade</td><td>$          1,161</td><td>$           736</td></tr><tr><td>Other Current Liabilities</td><td>578</td><td>742</td></tr><tr><td>Total Current Liabilities</td><td>1,739</td><td>1,478</td></tr><tr><td>Long­Term Debt</td><td>6,746</td><td>7,011</td></tr><tr><td>Net Deferred Income Tax Liability</td><td>1,127</td><td>1,819</td></tr><tr><td>Other Noncurrent Liabilities</td><td>1,245</td><td>1,103</td></tr><tr><td>Total Liabilities</td><td>10,857</td><td>11,411</td></tr><tr><td>Shareholders’ Equity</td><td></td><td></td></tr><tr><td>Preferred Stock ­ Par Value $1.00 per share; 4 Million Shares Authorized, None Issued</td><td>—</td><td>—</td></tr><tr><td>Common Stock ­ Par Value $0.01; 1 Billion Shares Authorized; 529 Million and 471 Million
Shares Issued, Respectively</td><td>5</td><td>5</td></tr><tr><td>Additional Paid in Cailpta</td><td>8,438</td><td>6,450</td></tr><tr><td>Accumulated Other Comprehensive Loss</td><td>(30)</td><td>(31)</td></tr><tr><td>Treasury Stock, at Cost; 39 Million and 38 Million Shares, Respectively</td><td>(725)</td><td>(692)</td></tr><tr><td>Retained Earnings</td><td>2,248</td><td>3,556</td></tr><tr><td>Noble Energy Share of Equity</td><td>9,936</td><td>9,288</td></tr><tr><td>Noncontrolling Interests</td><td>683</td><td>312</td></tr><tr><td>Total Equity</td><td>10,619</td><td>9,600</td></tr><tr><td>Total Liabilities and Equity</td><td>$        21,476</td><td>$        21,011</td></tr></table>

The accompanying notes are an integral part of these financial statements.