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EX-32.2 - EXHIBIT 32.2 - NOBLE ENERGY INCnbl-20180630x10qxex322.htm
EX-32.1 - EXHIBIT 32.1 - NOBLE ENERGY INCnbl-20180630x10qxex321.htm
EX-31.2 - EXHIBIT 31.2 - NOBLE ENERGY INCnbl-20180630x10qxex312.htm
EX-31.1 - EXHIBIT 31.1 - NOBLE ENERGY INCnbl-20180630x10qxex311.htm
EX-10.1 - EXHIBIT 10.1 - NOBLE ENERGY INCnbl-20180630x10qxex101.htm
10-Q - 10-Q - NOBLE ENERGY INCnbl-20180630x10q.htm


EXHIBIT 12.1

Noble Energy, Inc.
Calculation of Ratio of Earnings to Fixed Charges
 
 
Six Months Ended June 30,
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
 
2015
 
2014
 
2013
(millions, except ratio amounts)
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) From Continuing Operations Before Income Tax, Non-controlling Interests and Income From Equity Investees
 
$
420

 
$
(2,436
)
 
$
(1,887
)
 
$
(2,309
)
 
$
1,540

 
$
1,138

Add (Deduct)
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
195

 
426

 
440

 
435

 
349

 
296

Capitalized Interest
 
(35
)
 
(49
)
 
(84
)
 
(144
)
 
(116
)
 
(121
)
Distributed Income From Equity Investees
 
85

 
139

 
83

 
77

 
226

 
204

Earnings (Loss) as Defined
 
$
665

 
$
(1,920
)
 
$
(1,448
)
 
$
(1,941
)
 
$
1,999

 
$
1,517

 
 
 
 
 
 
 
 
 
 
 
 
 
Net Interest Expense
 
146

 
354

 
328

 
263

 
210

 
158

Capitalized Interest
 
35

 
49

 
84

 
144

 
116

 
121

Interest Portion of Rental Expense
 
14

 
23

 
28

 
28

 
23

 
17

Fixed Charges as Defined
 
$
195

 
$
426

 
$
440

 
$
435

 
$
349

 
$
296

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
3.4

 

 

 

 
5.7

 
5.1

 
 
 
 
 
 
 
 
 
 
 
 
 
Amount by Which Earnings Were Insufficient to Cover Fixed Charges
 
$

 
$
2,346

 
$
1,888

 
$
2,376

 
$

 
$