About Our Reporting

Noble Energy’s fifth annual Sustainability Report describes the company’s management objectives, approach and performance during calendar year 2015. It reflects our commitments to transparency and to improving the rigor and materiality of our sustainability reporting and other public disclosures.

Reporting Frameworks

As one framework for this report, Noble Energy used the Oil and Gas Industry Guidance on Voluntary Sustainability Reporting (3rd Edition, 2015) developed by the International Petroleum Industry Environmental Conservation Association (IPIECA), American Petroleum Institute (API), and International Association of Oil & Gas Producers (OGP).

The report also references the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines (G4, 2013) and G4 Oil and Gas Sector Disclosures (G4, 2013).

Our combined IPIECA/API/IOGP, GRI and GRI OGSD Index identifies the management disclosures and performance indicators we report on for 2015, and where the data may be found in this report or in additional documents.

Report Scope

Unless otherwise noted, this report covers activities under Noble Energy’s direct operational control during calendar year 2015, which coincides with the company’s fiscal year. All financial data are reported in U.S. dollars and represent the company’s share of operated as well as non-operated oil and natural gas exploration and production activities.

Noble Energy’s reporting on the Marcellus Shale includes the company’s share of activities and performance, but does not include the activities or performance of CONSOL Energy, its joint venture partner in the Marcellus Shale. Revenues and fees generated from activities in the Marcellus Shale reflect the company’s 50 percent working interest in the joint venture.

Divestitures, Restatements and Additions

During 2015, we continued our non-core asset divestiture program with the sale of certain smaller onshore US property packages.1 In July 2015, we completed the merger with Rosetta Resources Inc., an onshore exploration and development company operating primarily in the Eagle Ford and Permian Basin areas of Texas.2 In November 2015, we signed an agreement to divest our 47% working interest in the Alon A and Alon C offshore Israel licenses, which include the Karish and Tanin fields. This agreement was an important step in fulfilling Noble Energy’s obligations under the Natural Gas Framework in Israel.3

Stakeholder Engagement and Input

We believe that stakeholder feedback is essential to continuous improvement in sustainability reporting. We used input gathered from a diverse group of NGOs and sustainability performance analysts to learn more about external stakeholder expectations in order to develop our initial sustainability reports and have continued to gather feedback from these sources. Their comments and others helped guide the development of this 2015 Sustainability Report.

Assurance

Information in this report has been subject to internal review and we believe it to be correct at the time of reporting. We did not have a third-party assess the report.

Materiality Analysis

The content of this report was determined through a 2015 materiality analysis to identify areas of greatest interest to internal and external stakeholders. Internal interviews and workshops were conducted to discuss topics of potential significance.

This report focuses on the areas that we believe are of the greatest interest to external stakeholders and greatest relevance to Noble Energy’s operations and business success.

Noble-Energy-Materiality

Forward-looking Statements and Other Matters

This report contains forward-looking statements that reflect Noble Energy’s views about future events as of the date of this report. These statements by their nature are subject to risks, uncertainties and assumptions and are influenced by various factors. As a consequence, actual results may differ materially from those expressed in the forward-looking statements. We do not assume any obligation to update forward-looking statements should circumstances, management’s estimates or opinions change.

We Want Your Feedback

Tell us what you think about our 2015 Sustainability Report and our sustainability performance. For questions or feedback, please contact us at responsibility@nblenergy.com.

Additional Information