Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016		Jun. 30, 2015
Revenues
Oil, Gas and NGL Sales		$ 823	$ 732	$ 1,528		$ 1,481
Income from Equity Method Investees		24	6	43		24
Total		847	738	1,571		1,505
Costs and Expenses
Production Expense		274	218	546		469
Exploration Expense		89	41	252		106
Depreciation, Depletion and Amortization		622	451	1,239		905
General and Administrative		107	104	198		198
Other Operating Expense, Net		17	85	20		121
Total		1,109	899	2,255		1,799
Operating Loss		(262)	(161)	(684)		(294)
Other Expense (Income)
Loss (Gain) on Commodity Derivative Instruments		151	87	107		(63)
Interest, Net of Amount Capitalized		78	54	157		112
Other Non-Operating Expense (Income), Net		7	(9)	3		(9)
Total		236	132	267		40
Loss Before Income Taxes		(498)	(293)	(951)		(334)
Income Tax Benefit		(183)	(184)	(349)		(203)
Net Loss		$ (315)	$ (109)	$ (602)		$ (131)
Loss per share, basic (in dollars per share)		$ (0.73)	$ (0.28)	$ (1.40)	[1]	$ (0.35)
Loss per share, diluted (in dollars per share)		$ (0.73)	$ (0.28)	$ (1.40)	[1]	$ (0.35)
Weighted Average Number of Shares Outstanding
Basic (in shares)	[2]	430	387	429		378
Diluted (in shares)	[3]	430	387	429		378

[1] No pro forma adjustments were made for the period as the acquisition is included in the Company's historical results.

[2] The weighted average number of shares outstanding includes the weighted average shares of common stock issued in connection with the underwritten public offering of 24.15 million shares of Noble Energy common stock in first quarter 2015 and issued in connection with the exchange of approximately 41 million shares for all outstanding shares of Rosetta common stock on July 20, 2015.

[3] For all periods, all outstanding options and non-vested restricted shares have been excluded from the calculation of diluted loss per share as Noble Energy incurred a net loss. Therefore, inclusion of outstanding options and non-vested restricted shares in the calculation of diluted loss per share would be anti-dilutive.