Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions, by Acquisition

The following table sets forth our purchase price allocation:



(millions, except per share amounts)
Fair Value of Common Stock Issued	$	1,851
Plus: Cash Consideration Paid to Clayton Williams Energy Stockholders	637
Total Purchase Price	$	2,488
Plus Liabilities Assumed by Noble Energy:
Accounts Payable	99
Other Current Liabilities	38
Long-Term Deferred Tax Liability	515
Long-Term Debt	595
Asset Retirement Obligations	63
Total Purchase Price Plus Liabilities Assumed	$	3,798

The fair values of Clayton Williams Energy's identifiable assets are as follows:



(millions)
Cash and Cash Equivalents	$	21
Other Current Assets	70
Oil and Gas Properties:
Proved Reserves	722
Undeveloped Leasehold Cost	1,571
Gathering and Processing Assets	48
Asset Retirement Costs	63
Other Property Plant and Equipment	12
Implied Goodwill ⁽¹⁾	1,291
Total Asset Value	$	3,798

⁽¹⁾The goodwill, which was associated with the Texas reporting unit included within our oil and gas exploration and production segment, was fully impaired as of December 31, 2018. See Note 6. Goodwill Impairment.

Pro Forma Information



	Year Ended December 31,
(millions, except per share amounts)	2018 ⁽¹⁾			2017			2016
Revenues	$	4,986		$	4,304		$	3,651
Net Income (Loss) and Comprehensive Income (Loss) Attributable to Noble Energy	(66		)	(678		)	(1,082		)

Net Income (Loss) Attributable to Noble Energy per Common Share
Basic	$	(0.14	)	$	(1.39	)	$	(2.23	)
Diluted	$	(0.14	)	$	(1.39	)	$	(2.23	)