Loss Per Share

Basic loss per share of common stock is computed using the weighted average number of shares of common stock outstanding during each period. The following table summarizes the calculation of basic and diluted loss per share:



	Three Months Ended March 31,
(millions, except per share amounts)	2016			2015
Net Loss	$	(287	)	$	(22	)

Weighted Average Number of Shares Outstanding, Basic ⁽¹⁾	429			370
Weighted Average Number of Shares Outstanding, Diluted⁽²⁾	429			370
Loss Per Share, Basic	$	(0.67	)	$	(0.06	)
Loss Per Share, Diluted	(0.67		)	(0.06		)
Number of Antidilutive Stock Options, Shares of Restricted Stock, and Shares of Common Stock in Rabbi Trust Excluded from Calculation Above	15			9


⁽¹⁾	The weighted average number of shares outstanding includes the weighted average shares of common stock issued in connection with the underwritten public offering of 24.15 million shares of Noble Energy common stock in first quarter 2015 and issued in connection with the exchange of approximately 41 million shares for all outstanding shares of Rosetta common stock on July 20, 2015.


⁽²⁾	For the three months ended March 31, 2016 and March 31, 2015, all outstanding options and non-vested restricted shares have been excluded from the calculation of diluted loss per share as Noble Energy incurred a net loss. Therefore, inclusion of outstanding options and non-vested restricted shares in the calculation of diluted loss per share would be anti-dilutive.