Noble Energy, Inc. Increases Quarterly Common Stock Dividend

Press Release

Oct 28, 2003
Noble Energy, Inc. Increases Quarterly Common Stock Dividend

Noble Energy, Inc. Increases Quarterly Common Stock DividendHOUSTON, Oct. 28 /PRNewswire-FirstCall/ -- Noble Energy, Inc.'s (NYSE: NBL) board of directors declared today a quarterly cash dividend of five cents per common share payable November 24, 2003 to the shareholders of record on November 10, 2003. This payment represents an increase of one cent per share, or 25 percent, over the company's previous quarterly payment of 4 cents per share.

Charles D. Davidson, Noble Energy's Chairman, President and CEO, said, "I am very pleased that we have reached the position where the dividend to our shareholders can be increased. For several years, Noble Energy has been making significant investments in order to build our international business. The successful progress of that program, as well as the board's confidence in our long-term business plan, has made this dividend increase now possible."

Noble Energy is one of the nation's leading independent energy companies and operates throughout major basins in the United States including the Gulf of Mexico, as well as internationally, in Argentina, China, Ecuador, Equatorial Guinea, the Mediterranean Sea, the North Sea and Vietnam. Noble Energy markets natural gas and crude oil through its subsidiary, Noble Energy Marketing, Inc.

SOURCE Noble Energy, Inc.