X0306 4 2018-02-01 0000072207 NOBLE ENERGY INC NBL 0001477029 Fisher Kenneth M. 1001 NOBLE ENERGY WAY HOUSTON TX 77070 1 Exec. VP & CFO Noble Energy, Inc. Common Stock 2018-02-01 4 F 0 675 30.89 D 197144 D Noble Energy, Inc. Common Stock 2018-02-01 4 F 0 1877 30.89 D 195267 D Noble Energy, Inc. Common Stock 2018-02-01 4 A 0 31158 0 A 226425 D Noble Energy, Inc. Common Stock 2018-02-01 4 M 0 12006 A 238431 D Noble Energy, Inc. Common Stock 2018-02-01 4 D 0 12006 30.89 D 226425 D Noble Energy, Inc. Common Stock 2018-02-05 4 S 0 7621 28.7997 D 218804 D Employee Stock Option Grant (Right to Buy) 30.89 2018-02-01 4 A 0 39398 0 A 2028-02-01 Noble Energy, Inc. Common Stock 39398 39398 D Phantom Unit 2018-02-01 4 M 0 12006 D 2018-02-01 2018-02-01 Noble Energy, Inc. Common Stock 12006 0 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, 2018. 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, 2018. 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, 2017, and vesting on February 1, 2018. 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, 2018. Restricted shares of Noble Energy, Inc. Common Stock subject to vesting 1/3 after year one, 1/3 after year two and the final 1/3 after year three, granted under the 2017 Plan. Each phantom unit is the economic equivalent of one share of Noble Energy, Inc. Common Stock to be settled in cash upon vesting and subject to a maximum settlement value of $126.60 per unit plus the equivalent value of accrued and unpaid dividends. Phantom units were granted under the 1992 Plan and will vest 100% two years after the date of grant. Reflects settlement of phantom units in cash for, the phantom units granted on February 1, 2016, and vesting on February 1, 2018. 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, 2018. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. This transaction was executed in multiple trades from $28.63 to $29.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. The option is exercisable in three equal annual installments beginning one year after the date of grant, granted under the 2017 Plan. /s/ Aaron G. Carlson, Attorney-in-Fact 2018-02-05