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EX-31.2 - EXHIBIT 31.2 - NOBLE ENERGY INCnbl-20150630x10qxex312.htm
EX-32.2 - EXHIBIT 32.2 - NOBLE ENERGY INCnbl-20150630x10qxex322.htm
EX-31.1 - EXHIBIT 31.1 - NOBLE ENERGY INCnbl-20150630x10qxex311.htm
10-Q - 10-Q - NOBLE ENERGY INCnbl-20150630x10q.htm
EX-32.1 - EXHIBIT 32.1 - NOBLE ENERGY INCnbl-20150630x10qxex321.htm


Exhibit 12.1
Noble Energy, Inc.
Calculation of Ratio of Earnings to Fixed Charges
 
 
Six Months Ended
June 30,
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
 
2012
 
2011
(millions)
 
 
 
 
 
 
 
 
 
 
Income (Loss) From Continuing Operations Before Income Tax and Income From Equity Investees
 
$
(358
)
 
$
1,540

 
$
1,138

 
$
1,170

 
$
309

Add (Deduct)
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
199

 
349

 
296

 
288

 
207

Capitalized Interest
 
(73
)
 
(116
)
 
(121
)
 
(151
)
 
(132
)
Distributed Income From Equity Investees
 
28

 
382

 
204

 
204

 
225

Earnings as Defined
 
$
(204
)
 
$
2,155

 
$
1,517

 
$
1,511

 
$
609

 
 
 
 
 
 
 
 
 
 
 
Net Interest Expense
 
112

 
210

 
158

 
125

 
65

Capitalized Interest
 
73

 
116

 
121

 
151

 
132

Interest Portion of Rental Expense
 
14

 
23

 
17

 
12

 
10

Fixed Charges as Defined
 
$
199

 
$
349

 
$
296

 
$
288

 
$
207

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 

 
6.2

 
5.1

 
5.2

 
2.9

 
 
 
 
 
 
 
 
 
 
 
Amount by Which Earnings Were Insufficient to Cover Fixed Charges
 
$
403

 
$

 
$

 
$

 
$