Acquisitions and Divestitures Acquisitions and Divestitures (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Business Acquisitions, by Acquisition

The following table represents the final allocation of the total purchase price of Clayton Williams Energy to the assets acquired and liabilities assumed, based on the fair value at the acquisition date, with any excess of the purchase price over the estimated fair value of the identifiable ne

t assets acquired recorded as goodwill.



(millions)
Fair Value of Common Stock Issued	$	1,851
Plus: Cash Consideration Paid to Clayton Williams Energy Stockholders	637
Total Purchase Price	$	2,488
Plus Liabilities Assumed by Noble Energy:
Accounts Payable	99
Other Current Liabilities	38
Long-Term Deferred Tax Liability	515
Long-Term Debt	595
Asset Retirement Obligations	63
Total Purchase Price Plus Liabilities Assumed	$	3,798

The fair value of Clayton Williams Energy's identifiable assets was as follows:



(millions)
Cash and Cash Equivalents	$	21
Other Current Assets	70
Oil and Gas Properties:
Proved Reserves	722
Undeveloped Leasehold Costs	1,571
Gathering and Processing Assets	48
Asset Retirement Costs	63
Other Noncurrent Assets	12
Implied Goodwill	1,291
Total Asset Value	$	3,798

Business Acquisition, Pro Forma Information

The pro forma condensed combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have actually occurred had the Clayton Williams Energy Acquisitio

n taken place on January 1, 2017; furthermore, the financial information is not intended to be a projection of future results.



	Three Months Ended June 30,						Six Months Ended June 30,
(millions, except per share amounts)	2018 ⁽¹⁾			2017			2018⁽¹⁾		2017
Revenues	$	1,230		$	1,070		$	2,516	$	2,141
Net (Loss) Income and Comprehensive (Loss) Income Attributable to Noble Energy	(23		)	(1,354		)	531		(1,324		)

Net (Loss) Income Attributable to Noble Energy per Common Share
Basic	$	(0.05	)	$	(2.77	)	$	1.09	$	(2.71	)
Diluted	$	(0.05	)	$	(2.77	)	$	1.09	$	(2.71	)


⁽¹⁾	No pro forma adjustments were made for the period as Clayton Williams Energy operations are included in our historical results.