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Loss Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Loss Per Share
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
June 30,
 
Six Months Ended
June 30,
(millions, except per share amounts)
2016
 
2015
 
2016
 
2015
Net Loss
$
(315
)
 
$
(109
)
 
$
(602
)
 
$
(131
)
 
 
 
 
 
 
 
 
Weighted Average Number of Shares Outstanding, Basic (1)
430

 
387

 
429

 
378

Weighted Average Number of Shares Outstanding, Diluted(2)
430

 
387

 
429

 
378

Loss Per Share, Basic
$
(0.73
)
 
$
(0.28
)
 
$
(1.40
)
 
$
(0.35
)
Loss Per Share, Diluted
(0.73
)
 
(0.28
)
 
(1.40
)
 
(0.35
)
Number of Antidilutive Stock Options, Shares of Restricted Stock, and Shares of Common Stock in Rabbi Trust Excluded from Calculation Above
15

 
10

 
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 all periods, 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.