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10-Q - 10-Q - NOBLE ENERGY INCnbl-20160630x10q.htm
EX-32.2 - EXHIBIT 32.2 - NOBLE ENERGY INCnbl-20160630x10qxex322.htm
EX-32.1 - EXHIBIT 32.1 - NOBLE ENERGY INCnbl-20160630x10qxex321.htm
EX-31.2 - EXHIBIT 31.2 - NOBLE ENERGY INCnbl-20160630x10qxex312.htm
EX-31.1 - EXHIBIT 31.1 - NOBLE ENERGY INCnbl-20160630x10qxex311.htm
EX-10.2 - EXHIBIT 10.2 - NOBLE ENERGY INCnbl-20160630x10qxex102.htm
EX-10.1 - EXHIBIT 10.1 - NOBLE ENERGY INCnbl-20160630x10qxex101.htm


EXHIBIT 12.1

Noble Energy, Inc.
Calculation of Ratio of Earnings to Fixed Charges
 
 
Six Months Ended June 30,
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
(millions)
 
 
 
 
 
 
 
 
 
 
(Loss) Income From Continuing Operations Before Income Tax and Income From Equity Investees
 
$
(994
)
 
$
(2,309
)
 
$
1,540

 
$
1,138

 
$
1,170

Add (Deduct)
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
222

 
435

 
349

 
296

 
288

Capitalized Interest
 
(52
)
 
(144
)
 
(116
)
 
(121
)
 
(151
)
Distributed Income From Equity Investees
 
33

 
77

 
382

 
204

 
204

Earnings as Defined
 
$
(791
)
 
$
(1,941
)
 
$
2,155

 
$
1,517

 
$
1,511

 
 
 
 
 
 
 
 
 
 
 
Net Interest Expense
 
157

 
263

 
210

 
158

 
125

Capitalized Interest
 
52

 
144

 
116

 
121

 
151

Interest Portion of Rental Expense
 
13

 
28

 
23

 
17

 
12

Fixed Charges as Defined
 
$
222

 
$
435

 
$
349

 
$
296

 
$
288

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 

 

 
6.2

 
5.1

 
5.2

 
 
 
 
 
 
 
 
 
 
 
Amount by Which Earnings Were Insufficient to Cover Fixed Charges
 
$
1,013

 
$
2,376

 
$

 
$

 
$