Noble Energy Declares Dividend Increase

Noble Energy, Inc.'s board of directors declared today an increase in its quarterly cash dividend by 50 percent to 18 cents per common share, up from 12 cents per share last quarter. The dividend is payable May 19, 2008 to the shareholders of record on May 5, 2008.

"Paying dividends is an important part of our program to return value to our shareholders. Today's increase reflects that commitment as well as our confidence in Noble Energy's future," said Charles D. Davidson, Chairman, President and CEO of Noble Energy.