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EX-32.2 - EXHIBIT 32.2 - NOBLE ENERGY INCnbl-2014930x10qxex322.htm
EX-32.1 - EXHIBIT 32.1 - NOBLE ENERGY INCnbl-2014930x10qxex321.htm
EX-31.1 - EXHIBIT 31.1 - NOBLE ENERGY INCnbl-2014930x10qxex311.htm
EX-31.2 - EXHIBIT 31.2 - NOBLE ENERGY INCnbl-2014930x10qxex312.htm
EXCEL - IDEA: XBRL DOCUMENT - NOBLE ENERGY INCFinancial_Report.xls
10-Q - 10-Q - NOBLE ENERGY INCnbl-2014930x10q.htm


EXHIBIT 12.1


Noble Energy, Inc.
Calculation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
Nine Months Ended
 
 
 
 
September 30,
 
Year Ended December 31,
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
2009
 
 
 
 
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) From Continuing Operations Before Income Tax and Income From Equity Investees
 
$
947

 
$
1,138

 
$
1,170

 
$
309

 
$
309

 
$
(410
)
Add (Deduct)
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
253

 
296

 
288

 
207

 
148

 
136

Capitalized Interest
 
(87
)
 
(121
)
 
(151
)
 
(132
)
 
(67
)
 
(45
)
Distributed Income From Equity Investees
 
213

 
204

 
204

 
225

 
139

 
92

Earnings as Defined
 
1,326

 
1,517

 
1,511

 
609

 
529

 
(227
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Interest Expense
 
151

 
158

 
125

 
65

 
72

 
84

Capitalized Interest
 
87

 
121

 
151

 
132

 
67

 
45

Interest Portion of Rental Expense
 
15

 
17

 
12

 
10

 
9

 
7

Fixed Charges as Defined
 
$
253

 
$
296

 
$
288

 
$
207

 
$
148

 
$
136

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
5.2

 
5.1

 
5.2

 
2.9

 
3.6

 

 
 
 
 
 
 
 
 
 
 
 
 
 
Amount by Which Earnings Were Insufficient to Cover Fixed Charges
 
$

 
$

 
$

 
$

 
$

 
$
(363
)