|        |
|--------|
|        |  |  |  |
|        |    |   | NEWS RELEASE |
|   |   |   |
|   |   |   |   |

|         |                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------|
| ▪ | Financial liquidity of $4.4 Bn including $1.4 Bn of cash and $3.0 Bn of available capacity on the Company’s unsecured revolver. |
|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | Consolidated cash flow from operations totaled $482 MM, benefiting from strong sales volumes, hedging gains and reduced cash costs. |
|         |                                                                                           |
|---------|-------------------------------------------------------------------------------------------|
| • | Prior to working capital changes, consolidated cash flow from operations was $636 MM. |
|         |                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Organic capital expenditures for Noble Energy totaled $399 MM, more than 20% below the midpoint of guidance, due to U.S. onshore capital efficiencies and lower international spend. |
|         |                                                                     |
|---------|---------------------------------------------------------------------|
| • | Sales volumes of 390 MBoe/d were in the upper half of guidance. |
|         |                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Oil volumes of 139 MBbl/d were at the top of guidance, led by well productivity and completion acceleration onshore, along with strong liftings in Equatorial Guinea. |
|         |                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------|
| • | Leviathan, offshore Israel, commenced domestic sales on December 31, 2019 and export sales to Jordan and Egypt at the beginning of 2020. |
|         |                                                                                           |
|---------|-------------------------------------------------------------------------------------------|
| ▪ | Unit production expense of $7.77 per BOE was significantly below the low end of guidance. |

----

|         |                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------|
| • | Lowered full-year expected 2020 capital expenditures more than 50% from original plan to a range of $750 to $850 million. |
|         |                                                                                                                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Identified $225 million in cash cost savings (from lease operating, production taxes, gathering and transportation, general and administrative, and asset retirement) versus original expectations. |
|         |                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------|
| • | Lowered executive leadership salaries and decreased cash retainer to directors through year-end 2020. |
|         |                                                                                                                                  |
|---------|----------------------------------------------------------------------------------------------------------------------------------|
| • | Voluntarily curtailing net oil production of 5-10 MBbl/d in May and 30-40 MBbl/d in June from the Company's U.S. onshore assets. |
|         |                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Cash-settled certain 2020 crude oil hedges that had reached maximum value, generating an additional $160 million in realized gains in the first quarter, and added new downside oil hedge protection through the remainder of 2020. |
|         |                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------|
| • | Reduced the Company's annualized dividend to $0.08 per share, prioritizing financial liquidity and the balance sheet. |

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|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |
|                                                                                          | Three Months Ended March 31, |
|                                                                                          | 2020 |   | 2019 |
| Revenues                                                                                      |   |   |   |
| Oil, NGL and Gas Sales                                                                        | $ | 894 |  |   | $ | 937 |  |
| Sales of Purchased Oil and Gas                                                                | 125 |  |   | 74 |  |
| (Loss) Income from Equity Method Investments and Other                                        | (24 | ) |   | 17 |  |
| Midstream Services Revenues – Third Party                                               | 25 |  |   | 24 |  |
| Total Revenues                                                                                | 1,020 |  |   | 1,052 |  |
| Operating Expenses                                                                            |   |   |   |
| Lease Operating Expense                                                                       | 138 |  |   | 151 |  |
| Production and Ad Valorem Taxes                                                               | 39 |  |   | 49 |  |
| Gathering, Transportation and Processing Expense                                              | 95 |  |   | 102 |  |
| Other Royalty Expense                                                                         | 4 |  |   | 3 |  |
| Exploration Expense (1)                                                                       | 1,504 |  |   | 24 |  |
| Depreciation, Depletion and Amortization                                                      | 492 |  |   | 508 |  |
| General and Administrative                                                                    | 85 |  |   | 102 |  |
| Cost of Purchased Oil and Gas                                                                 | 139 |  |   | 87 |  |
| Marketing Expense                                                                             | 9 |  |   | 5 |  |
| Asset Impairments                                                                             | 2,703 |  |   | — |  |
| Goodwill Impairment                                                                           | 110 |  |   | — |  |
| Other Operating Expense, Net                                                                  | 35 |  |   | 112 |  |
| Total Operating Expenses                                                                      | 5,353 |  |   | 1,143 |  |
| Operating Loss                                                                                | (4,333 | ) |   | (91 | ) |
| Other (Income) Expense                                                                        |   |   |   |
| (Gain) Loss on Commodity Derivative Instruments                                               | (389 | ) |   | 212 |  |
| Interest, Net of Amount Capitalized                                                           | 81 |  |   | 66 |  |
| Other Non-Operating (Income) Expense, Net                                                     | (7 | ) |   | 4 |  |
| Total Other (Income) Expense                                                                  | (315 | ) |   | 282 |  |
| Loss Before Income Taxes                                                                      | (4,018 | ) |   | (373 | ) |
| Income Tax Benefit                                                                            | (11 | ) |   | (84 | ) |
| Net Loss and Comprehensive Loss Including Noncontrolling Interests                            | (4,007 | ) |   | (289 | ) |
| Less: Net (Loss) Income and Comprehensive Income Attributable to Noncontrolling Interests (2) | (44 | ) |   | 24 |  |
| Net Loss and Comprehensive Loss Attributable to Noble Energy                                  | $ | (3,963 | ) |   | $ | (313 | ) |
| Net Loss Attributable to Noble Energy Per Share of Common Stock                               |   |   |   |
| Loss Per Share, Basic and Diluted                                                             | $ | (8.27 | ) |   | $ | (0.65 | ) |
| Weighted Average Number of Shares Outstanding - Basic and Diluted                             | 479 |  |   | 478 |  |

|           |                                                                                                                                   |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------|
| (1)  | $1,485 million of the $1,504 million of exploration expense relates to leasehold asset impairment recorded in first quarter 2020. |
|           |                                                                                                                                                                                                                                                                                           |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | The Company consolidates Noble Midstream Partners LP (NBLX), a publicly traded subsidiary of Noble Energy, as a variable interest entity for financial reporting purposes. The public's ownership interest in NBLX is reflected as a noncontrolling interest in the financial statements. |

----

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |
|                                                                           | Three Months Ended March 31, |
|                                                                           | 2020 |   | 2019 |
| Cash Flows From Operating Activities                                           |   |   |   |
| Net Loss Including Noncontrolling Interests (1)                                | $ | (4,007 | ) |   | $ | (289 | ) |
| Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities |   |   |   |
| Depreciation, Depletion and Amortization                                       | 492 |  |   | 508 |  |
| Leasehold Impairment                                                           | 1,485 |  |   | — |  |
| Asset Impairments                                                              | 2,703 |  |   | — |  |
| Goodwill Impairment                                                            | 110 |  |   | — |  |
| Firm Transportation Exit Cost                                                  | — |  |   | 92 |  |
| Deferred Income Tax Benefit                                                    | (48 | ) |   | (100 | ) |
| (Gain) Loss on Commodity Derivative Instruments                                | (389 | ) |   | 212 |  |
| Net Cash Received in Settlement of Commodity Derivative Instruments            | 208 |  |   | 14 |  |
| Other Adjustments for Noncash Items Included in Income                         | 82 |  |  | 28 |  |
| Net Changes in Working Capital                                                 | (154 | ) |   | 63 |  |
| Net Cash Provided by Operating Activities                                      | 482 |  |   | 528 |  |
| Cash Flows From Investing Activities                                           |   |   |   |
| Additions to Property, Plant and Equipment                                     | (479 | ) |   | (763 | ) |
| Additions to Equity Method Investments (2)                                     | (226 | ) |   | (271 | ) |
| Net Proceeds from Divestitures (3)                                             | 17 |  |   | 123 |  |
| Other                                                                          | (8 | ) |   | — |  |
| Net Cash Used in Investing Activities                                          | (696 | ) |   | (911 | ) |
| Cash Flows From Financing Activities                                           |   |   |   |
| Dividends Paid, Common Stock                                                   | (58 | ) |   | (53 | ) |
| Noble Midstream Services Revolving Credit Facility, Net                        | 155 |  |   | 170 |  |
| Revolving Credit Facility, Net                                                 | 1,000 |  |   | — |  |
| Contributions from Noncontrolling Interest Owners (4)                          | 78 |  |   | 10 |  |
| Proceeds from Issuance of Mezzanine Equity, Net of Offering Costs (5)          | — |  |   | 99 |  |
| Other                                                                          | (48 | ) |  | (32 | ) |
| Net Cash Provided by Financing Activities                                      | 1,127 |  |   | 194 |  |
| Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash             | 913 |  |  | (189 | ) |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Period (6)         | 484 |  |   | 719 |  |
| Cash, Cash Equivalents, and Restricted Cash at End of Period (7)               | $ | 1,397 |  |   | $ | 530 |  |

|           |                                                                                                                                                                                                                                                                                             |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | The Company consolidates Noble Midstream Partners LP (NBLX), a publicly traded subsidiary of Noble Energy, as a variable interest entity for financial reporting purposes. For the periods presented, net loss includes net (loss) income attributable to noncontrolling interests in NBLX. |
|           |                                                                                                                                                                                                                                                                                                                                                                                              |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Additions include NBLX's investments in EPIC Y-Grade, LP, EPIC Crude Holdings, LP, EPIC Propane and Delaware Crossing LLC.  Additionally, $160 million of the investments in 2020 relates to NBLX's investment in Saddlehorn Pipeline, which includes $73 million of externally funded capital. NBLX's investment in Saddlehorn Pipeline, net of externally funded capital, was $87 million. |
|           |                                                                                                               |
|-----------|---------------------------------------------------------------------------------------------------------------|
| (3)  | For the three months ended March 31, 2019, proceeds related to the SW Reeves County, Texas asset divestiture. |
|           |                                                                                                |
|-----------|------------------------------------------------------------------------------------------------|
| (4)  | $73 million represents externally funded capital for NBLX's investment in Saddlehorn Pipeline. |
|           |                                                                                                                                                                                                                                                                                      |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5)  | Proceeds relate to the issuance of preferred equity by NBLX, which is redeemable and therefore presented within the mezzanine section of our consolidated balance sheets. The preferred equity is held by a third party; thus it is considered a redeemable noncontrolling interest. |
|           |                                                                                                                           |
|-----------|---------------------------------------------------------------------------------------------------------------------------|
| (6)  | As of the beginning of the periods presented, amounts include $0 million and $3 million of restricted cash, respectively. |

----

|           |                                                                                                                                  |
|-----------|----------------------------------------------------------------------------------------------------------------------------------|
| (7)  | As of March 31, 2020 and March 31, 2019, amounts include $0 million and $2 million of restricted cash, respectively. |

----

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |
|                                                   | March 31, 2020 |   | December 31, 2019 |
| Assets                                                 |   |   |   |
| Current Assets                                         |   |   |   |
| Cash and Cash Equivalents                              | $ | 1,397 |  |   | $ | 484 |  |
| Accounts Receivable, Net                               | 562 |  |   | 730 |  |
| Other Current Assets                                   | 353 |  |   | 148 |  |
| Total Current Assets                                   | 2,312 |  |   | 1,362 |  |
| Property, Plant and Equipment, Net                     | 13,221 |  |   | 17,451 |  |
| Other Noncurrent Assets                                | 1,925 |  |   | 1,834 |  |
| Total Assets                                           | $ | 17,458 |  |   | $ | 20,647 |  |
| Liabilities, Mezzanine Equity and Shareholders' Equity |   |   |   |
| Current Liabilities                                    |   |   |   |
| Accounts Payable - Trade                               | $ | 1,099 |  |   | $ | 1,250 |  |
| Other Current Liabilities                              | 651 |  |   | 719 |  |
| Total Current Liabilities                              | 1,750 |  |   | 1,969 |  |
| Long-Term Debt                                         |   |   |   |
| Long-Term Debt - Noble Energy                          | 6,982 |  |   | 5,982 |  |
| Long-Term Debt - NBLX                                  | 1,650 |  |   | 1,495 |  |
| Total Debt                                             | 8,632 |  |   | 7,477 |  |
| Deferred Income Taxes                                  | 615 |  |   | 662 |  |
| Other Noncurrent Liabilities                           | 1,306 |  |   | 1,378 |  |
| Total Liabilities                                      | 12,303 |  |   | 11,486 |  |
| Total Mezzanine Equity (1)                             | 109 |  |   | 106 |  |
| Total Shareholders' Equity                             | 4,397 |  |   | 8,410 |  |
| Noncontrolling Interests (2)                           | 649 |  |   | 645 |  |
| Total Equity                                           | 5,046 |  |   | 9,055 |  |
| Total Liabilities and Equity                           | $ | 17,458 |  |   | $ | 20,647 |  |

|           |                                                                                                                                                                                                                                                                                                                    |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Amount relates to the issuance of preferred equity by Noble Midstream Partners, LP (NBLX), which is redeemable and therefore presented within the mezzanine section of our consolidated balance sheets. The preferred equity is held by a third party; thus it is considered a redeemable noncontrolling interest. |
|           |                                                                                                                                                                                                                                                                  |
|-----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | The Company consolidates NBLX, a publicly traded subsidiary of Noble Energy, as a variable interest entity for financial reporting purposes. The public's ownership interest in NBLX is reflected as a noncontrolling interest in the financial statements.  |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |
|                                          | Three Months Ended March 31, |
| Sales Volumes                                 | 2020 |   | 2019 |
| Crude Oil and Condensate (MBbl/d)             |   |   |   |
| United States Onshore                         | 117 |  |   | 113 |  |
| Equatorial Guinea                             | 20 |  |   | 12 |  |
| Equity Method Investments - Equatorial Guinea | 1 |  |   | 1 |  |
| Total (1)                                | 139 |  |   | 127 |  |
| Natural Gas Liquids (MBbl/d)                  |   |   |   |
| United States Onshore                         | 66 |  |   | 59 |  |
| Equity Method Investments - Equatorial Guinea | 4 |  |   | 4 |  |
| Total                                         | 70 |  |   | 63 |  |
| Natural Gas (MMcf/d)                          |   |   |   |
| United States Onshore                         | 516 |  |   | 483 |  |
| Israel                                        | 390 |  |   | 233 |  |
| Equatorial Guinea                             | 178 |  |   | 168 |  |
| Total                                         | 1,084 |  |   | 884 |  |
| Total Sales Volumes (MBoe/d)                  |   |   |   |
| United States Onshore                         | 269 |  |   | 253 |  |
| Israel                                        | 66 |  |   | 39 |  |
| Equatorial Guinea                             | 50 |  |   | 40 |  |
| Total Consolidated Operations                 | 385 |  |   | 332 |  |
| Equity Method Investments - Equatorial Guinea | 5 |  |   | 5 |  |
| Total Sales Volumes (MBoe/d)                  | 390 |  |   | 337 |  |
|                                          |   |   |   |
| Total Sales Volumes (MBoe)                    | 35,462 |  |   | 30,375 |  |
|                                          |   |   |   |
| Price Statistics - Realized Prices (2)        |   |   |   |
| Crude Oil and Condensate ($/Bbl)              |   |   |   |
| United States Onshore                         | $ | 46.10 |  |   | $ | 53.46 |  |
| Equatorial Guinea                             | 47.35 |  |   | 61.01 |  |
| Natural Gas Liquids ($/Bbl)                   |   |   |   |
| United States Onshore                         | $ | 10.30 |  |   | $ | 17.86 |  |
| Natural Gas ($/Mcf)                           |   |   |   |
| United States Onshore                         | $ | 1.27 |  |   | $ | 2.49 |  |
| Israel                                        | 5.36 |  |   | 5.57 |  |
| Equatorial Guinea                             | 0.27 |  |   | 0.27 |  |

|           |                                                                                               |
|-----------|-----------------------------------------------------------------------------------------------|
| (1)  | Amounts include a small amount of condensate from the Company’s offshore Israel assets. |
|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Average realized prices do not include gains or losses on commodity derivative instruments. For the three months ended March 31, 2020 and 2019, including the impact of hedges settled (while excluding the impact of early terminated hedges) in the period, the Company's U.S. onshore oil price was $49.85 and $54.59 per Bbl, respectively, Equatorial Guinea oil price was $47.35 and $58.22 per Bbl, respectively, and U.S. onshore gas price was $1.23 and $2.61 per Mcf, respectively. |

----

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |  |  |  |
|                                                                                  | Three Months Ended March 31, |
|                                                                                  | 2020 |   | 2019 |
| Net Loss Attributable to Noble Energy (GAAP)                                          | $ | (3,963 | ) |   | $ | (313 | ) |
| Adjustments to Net Loss                                                               |   |   |   |
| Firm Transportation Exit Cost                                                         | — |  |   | 92 |  |
| Leasehold Impairment                                                                  | 1,485 |  |   | — |  |
| Asset Impairments                                                                     | 2,703 |  |   | — |  |
| Goodwill Impairment (1)                                                               | 38 |  |   | — |  |
| Finance Lease Impairment                                                              | 40 |  |   | — |  |
| (Gain) Loss on Commodity Derivative Instruments, Net of Cash Settlements              | (181 | ) |   | 226 |  |
| Other Adjustments                                                                     | (16 | ) |   | 19 |  |
| Total Adjustments Before Tax                                                          | 4,069 |  |   | 337 |  |
| Current Income Tax Effect of Adjustments (2)                                     | 2 |  |   | (3 | ) |
| Deferred Income Tax Effect of Adjustments (2)                                         | (23 | ) |   | (65 | ) |
| Adjusted Net Income (Loss) Attributable to Noble Energy (Non-GAAP)                    | $ | 85 |  |   | $ | (44 | ) |
|                                                                                  |   |   |   |
| Net Loss Attributable to Noble Energy Per Share, Basic and Diluted (GAAP)             | $ | (8.27 | ) |   | $ | (0.65 | ) |
| Firm Transportation Exit Cost                                                         | — |  |   | 0.19 |  |
| Leasehold Impairment                                                                  | 3.10 |  |   | — |  |
| Asset Impairments                                                                     | 5.64 |  |   | — |  |
| Goodwill Impairment                                                                   | 0.08 |  |   | — |  |
| Finance Lease Impairment                                                              | 0.08 |  |   | — |  |
| (Gain) Loss on Commodity Derivative Instruments, Net of Cash Settlements              | (0.37 | ) |   | 0.47 |  |
| Other Adjustments                                                                     | (0.03 | ) |   | 0.04 |  |
| Deferred Income Tax Effect of Adjustments (2)                                         | (0.05 | ) |   | (0.14 | ) |
| Adjusted Net Income (Loss) Attributable to Noble Energy per Share, Diluted (Non-GAAP) | $ | 0.18 |  |   | $ | (0.09 | ) |
|                                                                                  |   |   |   |
| Weighted Average Number of Shares Outstanding, Basic                                  | 479 |  |   | 478 |  |
| Weighted Average Number of Shares Outstanding, Diluted                                | 482 |  |   | 478 |  |

|           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Noble Midstream Partners, LP (NBLX) recorded goodwill impairment expense of $110 million during first quarter 2020. Goodwill impairment expense attributable to Noble Energy of $38 million represents Noble Energy's portion of the impairment relating to our ownership interests in Black Diamond and is reflected as an adjustment to net income (loss) attributable to Noble Energy (Non-GAAP). The portion of impairment expense attributable to noncontrolling interests of $72 million is appropriately excluded from the above schedule. |
|           |                                                                                                                             |
|-----------|-----------------------------------------------------------------------------------------------------------------------------|
| (2)  | Amounts represent the income tax effect of adjustments, determined for each major tax jurisdiction for each adjusting item. |

----

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |
|                                               | Three Months Ended March 31, |
|                                               | 2020 |   | 2019 |
| Net Loss Including Noncontrolling Interests (GAAP) | $ | (4,007 | ) |   | $ | (289 | ) |
| Adjustments to Net Loss, After Tax (1)             | 4,048 |  |   | 269 |  |
| Goodwill Impairment (2)                            | 72 |  |   | — |  |
| Depreciation, Depletion and Amortization           | 492 |  |   | 508 |  |
| Exploration Expense (3)                            | 19 |  |   | 24 |  |
| Interest, Net of Amount Capitalized                | 81 |  |   | 66 |  |
| Current Income Tax Expense (4)                     | 35 |  |   | 19 |  |
| Deferred Income Tax Benefit (4)                    | (25 | ) |   | (35 | ) |
| Adjusted EBITDAX (Non-GAAP)                        | $ | 715 |  |   | $ | 562 |  |

|           |                                                                                                                                           |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | See Reconciliation of Net Loss Attributable to Noble Energy (GAAP) to Adjusted Net Income (Loss) Attributable to Noble Energy (Non-GAAP). |
|           |                                                                                                                                                       |
|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Represents remaining goodwill impairment expense attributable to noncontrolling interest after reversal of Adjustments to Net Loss, After Tax, above. |
|           |                                                                                                                                    |
|-----------|------------------------------------------------------------------------------------------------------------------------------------|
| (3)  | Represents remaining exploration expense after reversal of Leasehold Impairment expense Adjustments to Net Loss, After Tax, above. |
|           |                                                                                                        |
|-----------|--------------------------------------------------------------------------------------------------------|
| (4)  | Represents remaining Income Tax Benefit after reversal of "Adjustments to Net Loss, After Tax", above. |

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |
|                                                                                | Three Months Ended March 31, |
|                                                                                | 2020 |   | 2019 |
| Noble Energy Capital Expenditures                                                   |   |   |   |
| Organic Capital Expenditures Attributable to Noble Energy (1)                       | $ | 399 |  |   | $ | 683 |  |
| Acquisition Capital Attributable to Noble Energy                                    | 6 |  |   | 39 |  |
| Total Capital Expenditures Attributable to Noble Energy (Accrual Based)             | $ | 405 |  |   | $ | 722 |  |
|                                                                                |   |   |   |
| Noble Midstream Partners Capital Expenditures                                       |   |   |   |
| Organic Capital Expenditures Attributable to Noble Midstream Partners               | $ | 43 |  |   | $ | 29 |  |
| Additions to Equity Method Investments Attributable to Noble Midstream Partners (2) | 153 |  |   | 271 |  |
| Total Capital Expenditures Attributable to Noble Midstream Partners (Accrual Based) | $ | 196 |  |   | $ | 300 |  |
|                                                                                |   |   |   |
| Increase in Finance Lease Obligations                                               | 8 |  |   | 2 |  |

|           |                                                                                                                              |
|-----------|------------------------------------------------------------------------------------------------------------------------------|
| (1)  | The months ended March 31, 2019 includes $37 million of midstream capital not funded by Noble Midstream Partners, LP (NBLX). |
|           |                                                                                                                                                                                                                                                                                                                                                  |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Additions to equity method investments for 2019 and 2020 primarily include NBLX's investments in EPIC Y-Grade, LP, EPIC Crude Holdings, LP, EPIC Propane, and Delaware Crossing LLC. Additionally, investments in 2020 includes NBLX's investment in Saddlehorn of $87 million, which excludes $73 million of externally funded capital. |