X0306 4 2017-02-01 0000072207 NOBLE ENERGY INC NBL 0001656464 Gerhart Terry R. 1001 NOBLE ENERGY WAY HOUSTON TX 77070 1 SVP Global Operations Services Noble Energy, Inc. Common Stock 2017-02-01 4 F 0 756 39.46 D 15709 D Noble Energy, Inc. Common Stock 2017-02-01 4 A 0 2359 0 A 18068 D Noble Energy, Inc. Common Stock 2017-02-01 4 A 0 11826 0 A 29894 D Noble Energy, Inc. Common Stock 8729 I 401(k) Employee Stock Option Grant (Right to Buy) 39.46 2017-02-01 4 A 0 17596 0 A 2027-02-01 Noble Energy, Inc. Common Stock 17596 17596 D Reflects shares relinquished to Noble Energy, Inc. by the reporting person out of, and to cover estimated tax withholding for, restricted shares granted on February 1, 2016, and vesting on February 1, 2017. The stock price reflected in Table I Column 4 was determined based on "fair market value," defined in the 1992 Plan for this transaction as the closing trading price of Noble Energy, Inc. common stock on the NYSE on February 1, 2017. Restricted shares of Noble Energy, Inc. Common Stock subject to vesting 40% after year one and the final 60% after year two, granted under the 1992 Plan. Performance restricted stock will vest three years after the date of grant upon, and subject to a formula related to, the Company's achievement of certain levels of total shareholder return (TSR) relative to a pre-determined industry peer group, granted under the 1992 Plan. The option is exercisable in three equal annual installments beginning one year after the date of grant. /s/ Aaron G. Carlson, Attorney-in-Fact 2017-02-02