XML 44 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of earnings per share
The following table summarizes the calculation of basic and diluted loss per share:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(millions, except per share amounts)
2016
 
2015
 
2016
 
2015
Net Loss Attributable to Noble Energy
$
(144
)
 
$
(283
)
 
$
(746
)
 
$
(413
)
 
 
 
 
 
 
 
 
Weighted Average Number of Shares Outstanding, Basic (1)
430

 
420

 
430

 
392

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

 
420

 
430

 
392

Loss Per Share, Basic
$
(0.33
)
 
$
(0.67
)
 
$
(1.73
)
 
$
(1.05
)
Loss Per Share, Diluted
(0.33
)
 
(0.67
)
 
(1.73
)
 
(1.05
)
Number of Antidilutive Stock Options, Shares of Restricted Stock, and Shares of Common Stock in Rabbi Trust Excluded from Calculation Above
14

 
14

 
15

 
11

(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.