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Noble Energy Inc | Q1 2019 Earnings Presentation | Dave Stover | Page 3 of 11 | May 17, 2025

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www.nblenergy.com NYSE: NBL 1Q19 Key Highlights Focus on capital discipline and execution driving early 2019 success Strong Operational Execution and Cost Control U.S. Onshore Capital Efficiencies Ahead of Plan Financial Strength and Return of Capital to Investors Progressing International Natural Gas Projects to Cash Flow • Capital expenditures lower than expected from U.S. onshore and Leviathan • Total Company production of 7 MBoe/d above the high end of guidance with oil volumes above the midpoint • Unit production expenses benefitted from production outperformance and LOE management • Row development driving improved cycle times in all basins – pumping hours per day improved 5 to 10% from 4Q18 • Well cost reductions resulting from improvements in cycle times and well design – sustainable efficiencies • Record DJ Basin production of 144 MBoe/d, benefitted by strong performance from Mustang IDP • EMed natural gas sales continued in excess of 1 Bcfe/d, gross, due to strong underlying demand in Israel • Progressed Leviathan project to 81% complete, on budget, for first gas delivery by the end of 2019 • Sanctioned Alen gas monetization in E.G., accessing global LNG demand with startup in 1H 2021 • Exited 1Q19 with $4.5 B in liquidity, including cash and undrawn NBL credit facility • Increased quarterly dividend in April by 9% to $0.12/share, reflecting confidence in multi-year cash flow outlook