Noble Energy Declares Dividend Increas

Noble Energy, Inc.'s (NYSE: NBL) board of directors declared an increase in its quarterly cash dividend to 12 cents per common share, payable May 21, 2007 to the shareholders of record on May 7, 2007. Prior to this increase, Noble Energy had been paying a quarterly cash dividend of 7.5 cents per common share.

Noble Energy is one of the nation's leading independent energy companies and operates throughout major basins in the United States including Colorado's Wattenberg Field, the Mid-continent region of western Oklahoma and the Texas Panhandle, the San Juan Basin in New Mexico, the Gulf Coast and the deepwater Gulf of Mexico. In addition, Noble Energy operates internationally in Argentina, China, Ecuador, the Mediterranean Sea, the North Sea, West Africa and Suriname. Noble Energy markets natural gas and crude oil through its subsidiary, Noble Energy Marketing, Inc.


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