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Noble Energy Inc | 2019 Barclays CEO Energy Conference | Dave Stover | Page 4 of 11 | December 19, 2025

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www.nblenergy.com NYSE: NBL Maintain Top Tier, High-quality Portfolio • Diversification of play type and geography for investment flexibility • Low underlying decline profile requiring low maintenance capital • High-impact exploration portfolio with low capital commitment Deliver Industry-leading Development of USO Assets • Disciplined capital investment to high-margin, high-return opportunities • Execution – deliver superior performance relative to peers • Enhanced value through midstream integration Maximize Value From World-class Offshore Assets • Doubling EMed volumes and cash flows by 2020 with Leviathan startup • Progressing gas monetization opportunities in West Africa • Visibility for capital-efficient expansion Ensure Robust Financial Capacity • Disciplined planning at $50-55/Bbl WTI long-term • Investment Grade Credit rating • Sustainable organic free cash flows (1) driving strong shareholder returns 4 About NBL Sustainable value creation – Assets. Execution. Results. DJ Basin Delaware Equatorial Guinea Israel Eagle Ford > 580,000 net acres; high WI 2Q19 Sales Volumes: 263 MBoe/d U.S. Onshore Gross Discovered Reserves: >35 Tcfe 2Q19 Sales Volumes: 210 MMcfe/d Eastern Mediterranean Gross Undeveloped Resources: 3 Tcf 2Q19 Sales Volumes: 45 MBoe/d West Africa NYSE Ticker Symbol: NBL Current EV: ~$19 Bn 12/31/18 Reserves: 1.9 BBoe 2019E Production: 353-363 MBoe/d (1) Term defined in appendix.