EXHIBIT
12.1
 
 Noble
Energy, Inc.
 Calculation
of Ratio of Earnings to Fixed Charges
 
 
 
 
 Year
      Ended December 31,2008
                                  
                                  
                                  2007
                                  
                                  
                                  2006
                                  
                                  
                                  2005
                                  
                                  
                                  2004(in
      millions)Income
      from continuing operations before income tax and income from
      equity investees
                                  
                                  $
                                  1,887
                                  
                                  
                                  $
                                  1,157
                                  
                                  
                                  $
                                  957
                                  
                                  
                                  $
                                  878
                                  
                                  
                                  $
                                  435Add
      (deduct)Fixed
      charges
                                  
                                  
                                  109
                                  
                                  
                                  
                                  134
                                  
                                  
                                  
                                  134
                                  
                                  
                                  
                                  99
                                  
                                  
                                  
                                  63Interest
      capitalized
                                  
                                  
                                  (33
                                  )
                                  
                                  
                                  (17
                                  )
                                  
                                  
                                  (13
                                  )
                                  
                                  
                                  (9
                                  )
                                  
                                  
                                  (8
                                  )Distributed
      income from equity investees
                                  
                                  
                                  221
                                  
                                  
                                  
                                  227
                                  
                                  
                                  
                                  37
                                  
                                  
                                  
                                  60
                                  
                                  
                                  
                                  57Earnings
      as defined
                                  
                                  $
                                  2,184
                                  
                                  
                                  $
                                  1,501
                                  
                                  
                                  $
                                  1,115
                                  
                                  
                                  $
                                  1,028
                                  
                                  
                                  $
                                  547Net
      interest expense
                                  
                                  
                                  69
                                  
                                  
                                  
                                  113
                                  
                                  
                                  
                                  117
                                  
                                  
                                  
                                  87
                                  
                                  
                                  $
                                  54Interest
      capitalized
                                  
                                  
                                  33
                                  
                                  
                                  
                                  17
                                  
                                  
                                  
                                  13
                                  
                                  
                                  
                                  9
                                  
                                  
                                  
                                  8Interest
      portion of rental expense
                                  
                                  
                                  7
                                  
                                  
                                  
                                  4
                                  
                                  
                                  
                                  4
                                  
                                  
                                  
                                  3
                                  
                                  
                                  
                                  1Fixed
      charges as defined
                                  
                                  $
                                  109
                                  
                                  
                                  $
                                  134
                                  
                                  
                                  $
                                  134
                                  
                                  
                                  $
                                  99
                                  
                                  
                                  $
                                  63Ratio
      of earnings to fixed charges
                                  
                                  
                                  20.0
                                  
                                  
                                  
                                  11.2
                                  
                                  
                                  
                                  8.3
                                  
                                  
                                  
                                  10.4
                                  
                                  
                                  
                                  8.7
  1