Exhibit 99.1

		NEWS RELEASE

NOBLE ENERGY ANNOUNCES FIRST QUARTER 2012 RESULTS

HOUSTON (April 26, 2012) — Noble Energy, Inc. (NYSE: NBL) reported today first quarter 2012 net income of $263 million, or $1.47 per share diluted, on revenues of $1,165 million. Excluding the impact of unrealized commodity derivative losses, first quarter 2012 adjusted net income(1) was $314 million, or $1.75 per share diluted. Net income for the first quarter 2011 was $14 million, or $0.08 per share diluted, on revenues of $899 million. Adjusted net income(1) for the first quarter of 2011 was $240 million, or $1.35 per share diluted.

Discretionary cash flow(1) for the first quarter 2012 was a record $716 million, compared to $576 million for the same quarter in 2011. Net cash provided by operating activities was $741 million, and capital expenditures were $963 million.

Key highlights for the first quarter 2012 include:

Charles D. Davidson, Noble Energy’s Chairman and CEO, commented, “The first quarter confirmed the strong growth we have been projecting for this year. The real value driver for the outstanding results this quarter was the impressive increase in crude oil volumes and related revenues which reflect the exceptional operational performance at the Aseng field and drilling results in the DJ Basin. The impact of our crude oil and liquids sales is evident as it accounted for over 80 percent of our revenue for the quarter. We are looking forward to the additional oil and liquids production that will be coming online in the second quarter with the startup of Galapagos in the Gulf of Mexico and the expansion of horizontal activity into Northern Colorado where we are realizing the highest crude oil content in the Niobrara play.”

First quarter 2012 total sales volumes averaged 243 MBoe/d, up 13 percent from the first quarter 2011. Essentially all of the 28 MBoe/d increase was from crude oil and other liquids products, raising the Company’s liquid volume composition to 47 percent. International and U.S. natural gas comprised the remaining 23 and 30 percent, respectively. Production volumes for the quarter were 238 MBoe/d, with the difference attributable to timing of crude oil and condensate liftings in Equatorial Guinea.

U.S. sales volumes were up 15 percent from the first quarter last year to a total of 131 MBoe/d. In the DJ Basin, first quarter 2012 volumes averaged a record 73 MBoed/d with liquids increasing to 56 percent of total volumes. The 30 percent increase was largely attributable to the acceleration of the Company’s horizontal drilling program within Wattenberg. The addition of the Marcellus Shale and subsequent development activities provided an average of 68 million cubic feet per day to the quarter. Natural production declines were experienced in both non-core onshore properties and the deepwater Gulf of Mexico.

International sales volumes totaled 112 MBoe/d for the quarter, up 11 percent from the same period last year. Strong operational performance resulted in Aseng crude oil sales volumes of 18 MBbl/d for the first quarter 2012. Israel natural gas sales were lower reflecting the planned ramp down of production rates at Mari-B to manage the reservoir. In the North Sea, maintenance at Dumbarton and normal declines reduced volumes.

The average realized price for crude oil and condensate was $110.80 per barrel for the first quarter, up 14 percent from the prior year period. Natural gas realizations in the U.S. averaged $2.62 per thousand cubic feet (Mcf) and $4.51 per Mcf in Israel. Natural gas liquids pricing in the U.S. averaged $41.62 per barrel, which equates to 41 percent of the Company’s average realized price for U.S. crude oil.

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Total production costs per barrel of oil equivalent (Boe), including lease operating expense (LOE), production and ad valorem taxes, and transportation and gathering expenses were $8.09 per Boe, up 10 percent from the first quarter of 2011. LOE was $5.34 per Boe and depreciation, depletion, and amortization (DD&A) was $14.11 per Boe. The unit rates were impacted by the increased cost of high value crude oil production from Aseng, the deepwater Gulf of Mexico and the DJ Basin. General and administrative expenses were up due to staffing increases supporting major development projects and increased exploration activities. The Company’s adjusted effective tax rate for the first quarter 2012 was 30 percent, with 29 percent deferred.

UPDATED GUIDANCE

Noble Energy’s original full year volume guidance range for 2012 remains unchanged at 244 to 256 MBoe/d, while second quarter sales volumes are expected to average 224 to 232 MBoe/d. The volume forecast for the second quarter includes planned maintenance at the non-operated Alba facilities in Equatorial Guinea, which was mostly deferred from the first quarter. This maintenance will affect both natural gas and liquids production, as well as equity investment income. Natural gas sales in Israel are expected to be lower as production rates at Mari-B are reduced to manage the reservoir. The Galapagos project is anticipated to come online and the horizontal drilling programs in DJ Basin and Marcellus Shale continue to build momentum during the second quarter. As a result of these volume adjustments, the Company expects second quarter unit rates for LOE and DD&A to be at the high end of the annual ranges. For the full year, both these cost items are forecast to remain within the original guidance ranges.

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WEBCAST AND CONFERENCE CALL INFORMATION

Noble Energy, Inc. will host a webcast and conference call at 9:00 a.m. Central time today. The webcast is accessible on the ‘Investors’ page at www.nobleenergyinc.com. Conference call numbers for participation are 800-967-7134 and 719-325-2490, passcode 5684462. A replay will be available on the website.

Noble Energy is a leading independent energy company engaged in worldwide oil and gas exploration and production. The Company has core operations onshore in the U.S., primarily in the DJ Basin and Marcellus Shale, in the deepwater Gulf of Mexico, offshore Eastern Mediterranean, and offshore West Africa. Noble Energy is listed on the New York Stock Exchange and is traded under the ticker symbol NBL. Further information is available at www.nobleenergyinc.com.

Investor Contacts

David Larson

(281) 872-3125 dlarson@nobleenergyinc.com

Eric Schneider, CFA

(281) 872-2640 eschneider@nobleenergyinc.com

Media Inquiries

Communications and Government Relations

(281) 876-8873 media@nobleenergyinc.com

This news release contains certain non-GAAP measures of financial performance that management believes are good tools for internal use and the investment community in evaluating the company’s overall financial performance. These non-GAAP measures help facilitate comparison of company operating performance across periods and with peer companies.

This news release contains certain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect Noble Energy’s current views about future events. They include estimates of oil and natural gas reserves and resources, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this news release will occur as projected, and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks include, without limitation, the volatility in commodity prices for crude oil and natural gas, the presence or recoverability of estimated reserves, the ability to replace reserves, environmental risks, drilling and operating risks, exploration and development risks, competition, government regulation or other actions, the ability of management to execute its plans to meet its goals and other risks inherent in Noble Energy’s business that are discussed in its most recent annual report on Form 10-K and in other reports on file with the Securities and Exchange Commission. These reports are also available from Noble Energy’s offices or website, http://www.nobleenergyinc.com. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Noble Energy does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.

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The Securities and Exchange Commission requires oil and gas companies, in their filings with the SEC, to disclose proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. The SEC permits the optional disclosure of probable and possible reserves, however, we have not disclosed the Company’s probable and possible reserves in our filings with the SEC. We use certain terms in this news release, such as “estimated gross mean resources” which are by their nature more speculative than estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of being actually realized. The SEC guidelines strictly prohibit us from including these estimates in filings with the SEC. Investors are urged to consider closely the disclosures and risk factors in our most recent annual report on Form 10-K and in other reports on file with the SEC, available from Noble Energy’s offices or website, http://www.nobleenergyinc.com.

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Schedule 1

Noble Energy, Inc.

Reconciliation of Net Income to Adjusted Earnings

(in millions, except per share amounts, unaudited)

Schedule 2

Noble Energy, Inc.

Summary Statement of Operations

(in millions, except per share amounts, unaudited)

Schedule 3

Noble Energy, Inc.

Volume and Price Statistics

(unaudited)

Schedule 4

Noble Energy, Inc.

Condensed Balance Sheets

(in millions, unaudited)

Schedule 5

Noble Energy, Inc.

Discretionary Cash Flow and Reconciliation to Operating Cash Flow

(in millions, unaudited)

Schedule 6

Noble Energy, Inc.

Effect of Commodity Derivative Instruments

(in millions, unaudited)