<SEC-DOCUMENT>0001193125-20-263394.txt : 20201005
<SEC-HEADER>0001193125-20-263394.hdr.sgml : 20201005
<ACCEPTANCE-DATETIME>20201005085836
ACCESSION NUMBER:		0001193125-20-263394
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		7
FILED AS OF DATE:		20201005
DATE AS OF CHANGE:		20201005
EFFECTIVENESS DATE:		20201005

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHEVRON CORP
		CENTRAL INDEX KEY:			0000093410
		STANDARD INDUSTRIAL CLASSIFICATION:	PETROLEUM REFINING [2911]
		IRS NUMBER:				940890210
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-249300
		FILM NUMBER:		201222412

	BUSINESS ADDRESS:	
		STREET 1:		6001 BOLLINGER CANYON ROAD
		CITY:			SAN RAMON
		STATE:			CA
		ZIP:			94583
		BUSINESS PHONE:		925-842-1000

	MAIL ADDRESS:	
		STREET 1:		6001 BOLLINGER CANYON ROAD
		CITY:			SAN RAMON
		STATE:			CA
		ZIP:			94583

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEVRONTEXACO CORP
		DATE OF NAME CHANGE:	20011009

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CHEVRON CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	STANDARD OIL CO OF CALIFORNIA
		DATE OF NAME CHANGE:	19840705
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>d14116ds8.htm
<DESCRIPTION>S-8
<TEXT>
<HTML><HEAD>
<TITLE>S-8</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>As filed with the Securities and Exchange Commission on October&nbsp;5, 2020 </B></P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Registration No.&nbsp;333- </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES
AND EXCHANGE COMMISSION </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION STATEMENT ON FORM <FONT STYLE="white-space:nowrap">S-8</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>UNDER </I></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B><I>THE
SECURITIES ACT OF 1933 </I></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>CHEVRON CORPORATION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Delaware
</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction of incorporation or organization) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">94-0890210</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. employer identification number) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="50%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CHEVRON CORPORATION</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>6001 Bollinger Canyon Road,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>San Ramon, California</B></P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT
STYLE="white-space:nowrap">(925)&nbsp;842-1000</FONT></B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>94583-2324</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of principal executive offices)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Noble Energy, Inc. 401(k) Plan </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Full title of the plan) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Mary A. Francis </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Corporate Secretary and Chief Governance Officer </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Chevron Corporation </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>6001
Bollinger Canyon Road, San Ramon, CA 94583 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name and address of agent for service) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">(925)&nbsp;842-1000</FONT> </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Telephone number, including area code, of agent for service) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><I>Copies of all communications, including communications sent to agent for service, should be sent to: </I></B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Scott A. Barshay </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Steven
J. Williams </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Kyle T. Seifried </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1285 Avenue of the Americas </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New&nbsp;York, NY 10019-6064 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><FONT STYLE="white-space:nowrap">(212)&nbsp;373-3000</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a <FONT STYLE="white-space:nowrap">non-accelerated</FONT>
filer, or a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Exchange Act.
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="17%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="58%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Large&nbsp;accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9746;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Accelerated&nbsp;filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">Non-accelerated</FONT> filer</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Smaller&nbsp;reporting&nbsp;company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Emerging growth company</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&#9744;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;7(a)(2)(B) of the Securities Act. &#9744; </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CALCULATION
OF REGISTRATION FEE </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="34%"></TD>

<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD></TR>


<TR STYLE="font-size:1px; ">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Title of securities to be registered</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Amount to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>be&nbsp;registered(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Proposed&nbsp;maximum&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>offering&nbsp;price&nbsp;per&nbsp;unit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Proposed&nbsp;maximum&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>aggregate
offering&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>price(2)&nbsp;&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000"><B>Amount
of&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>registration&nbsp;fee(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Common Stock, par value $0.75 per share<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">55,000&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$&nbsp;73.96&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$4,067,800&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE=" BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000">$443.80&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1px; ">
<TD COLSPAN="9" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000">&nbsp;</P></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), this
Registration Statement also covers such additional shares of the registrant&#146;s common stock, par value $0.75 per share (&#147;Chevron common stock&#148;) that become issuable by reason of any stock split, stock dividend, recapitalization or
other similar transaction that results in an increase in the number of outstanding shares of Chevron common stock. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Estimated solely for the purpose of determining the registration fee pursuant to Rules 457(c) and 457(h) under
the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), on the basis of the average of the high and low sales prices of the Chevron common stock reported on the New York Stock Exchange on September&nbsp;28, 2020.
</P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">In addition, pursuant to Rule 416(c) of the Securities Act, this Registration Statement covers an indeterminate
amount of plan interests to be offered or sold pursuant to the employee benefit plan described herein. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXPLANATORY NOTE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On July&nbsp;20, 2020, Chevron Corporation (&#147;we&#148;, &#147;Chevron&#148; or the &#147;Company&#148;) entered into an Agreement and Plan
of Merger (the &#147;Merger Agreement&#148;) by and among the Company, Chelsea Merger Sub Inc., a direct, wholly-owned subsidiary of the Company (&#147;Merger Sub&#148;), and Noble Energy, Inc. (&#147;Noble Energy&#148;), pursuant to which,
effective as of October&nbsp;5, 2020 (the &#147;Effective Time&#148;), Merger Sub merged with and into Noble Energy (the &#147;Merger&#148;), with Noble Energy continuing as the surviving corporation and a direct, wholly-owned subsidiary of the
Company. Pursuant to the Merger Agreement, at the Effective Time, Chevron assumed the Noble Energy, Inc. 401(k) Plan (the &#147;Plan&#148;). This Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> is being filed by Chevron in
connection with the registration of 55,000 shares of its common shares, par value $0.75 per share (the &#147;Chevron common stock&#148;), and an indeterminate amount of plan interests issuable to eligible employees of Noble Energy pursuant to the
Plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

</DIV></Center>


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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART I </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The information required by Item 1 and Item 2 of Part I of Form <FONT STYLE="white-space:nowrap">S-8</FONT> is omitted from this filing in
accordance with Rule 428 under the Securities Act and the introductory note to Part I of Form <FONT STYLE="white-space:nowrap">S-8.</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PART II </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT </B></P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;3. Incorporation of Documents by Reference. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following documents previously filed by the Company and the Plan with the Commission under the Securities Exchange Act of 1934, as amended
(the &#147;<U>Exchange Act</U>&#148;), are incorporated herein by reference: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Company&#146;s Annual Report on<A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000010/cvx12312019-10kdoc.htm"> Form
 <FONT STYLE="white-space:nowrap">10-K</FONT></A> for the year ended December&nbsp;31, 2019; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Plan&#146;s Annual Report on <A HREF="http://www.sec.gov/Archives/edgar/data/93410/000009341020000031/a2020form11-k.htm">Form
 <FONT STYLE="white-space:nowrap">11-K</FONT></A> for the year ended December&nbsp;31, 2019; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Company&#146;s definitive proxy statement on <A HREF="http://www.sec.gov/Archives/edgar/data/93410/000119312520100407/d838093ddef14a.htm">Schedule
 14A</A> for the 2020 annual meeting of shareholders; </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Company&#146;s quarterly reports on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the quarters ended <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000020/cvx03312020-10qdoc.htm">March&nbsp;31,
 2020</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000039/cvx-20200630.htm">June&nbsp;30, 2020; </A> </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Company&#146;s Current Reports on Form <FONT STYLE="white-space:nowrap">8-K</FONT> filed on <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000002/a20191230form8-kthulin.htm">January&nbsp;3,
 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000007/a20200128form8-kcompen.htm">February&nbsp;
3, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000012/cvx03242020-8xkdocanno.htm">March&nbsp;
24, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000119312520139497/d877876d8k.htm">May&nbsp;
12, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000028/a20200527form8-kvotere.htm">May&nbsp;
29, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000095014220001757/eh2000932_8k.htm">July&nbsp;
20, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000119312520218015/d91339d8k.htm">August&nbsp;
13, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000042/cvx-20200903.htm">September&nbsp;
9, 2020</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000095014220002305/eh200102290_8k.htm">September&nbsp;
24, 2020</A> and <A HREF="http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/93410/000009341020000044/cvx-20200930.htm">October 2, 2020</A> (other than the portions of those documents not deemed to be filed pursuant to the
rules promulgated under the Exchange Act); and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the description of the Chevron common stock contained in Chevron&#146;s certificate of incorporation, dated
May&nbsp;
30, 2008, filed as <A HREF="http://www.sec.gov/Archives/edgar/data/93410/000095013408014499/f42584exv3w1.htm">Exhibit 3.1</A> to Chevron&#146;s Quarterly Report on <A HREF="http://www.sec.gov/Archives/edgar/data/93410/000095013408014499/f42584e10vq.htm">Form
 <FONT STYLE="white-space:nowrap">10-Q</FONT></A> filed with the SEC on August&nbsp;7, 2008 (which updates and supersedes the description in Chevron&#146;s registration statements filed under Section&nbsp;12 of the Exchange Act), including any
amendment or report filed with the SEC for the purpose of updating this description. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">All documents filed by the Company
or the Plan pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of this Registration Statement (other than any such documents or portions thereof that are furnished under Item 2.02 or Item 7.01 of Form <FONT
STYLE="white-space:nowrap">8-K,</FONT> unless otherwise indicated therein, including any exhibits included with such Items), prior to the filing of a post-effective amendment to this Registration Statement, which indicates that all securities
offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any statement contained in this Registration Statement or in a document incorporated or deemed to be incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained or incorporated by reference herein or in any subsequently filed document that is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;4. Description of Securities. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;5. Interests of
Named Experts and Counsel. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The legality of the securities offered pursuant to this Registration Statement has been passed on by Paul,
Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;6. Indemnification of Directors and Officers. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;145&nbsp;of&nbsp;the General Corporation Law of the State of Delaware (the
&#147;DGCL&#148;) permits the indemnification of any person against expenses (including attorneys&#146; fees), judgments, fines and amounts paid in settlement (other than judgments, fines and amounts paid in settlement in an action or suit by or in
the right of the corporation to procure a judgment in its favor) actually and reasonably incurred by him or her in connection with any threatened, pending or completed action, suit or proceeding in which such person is made a party by reason of his
or her being or having been a director, officer, employee or agent of the corporation, or serving or having served, at the request of the corporation, as a director, officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including reimbursement for expenses incurred) arising under the&nbsp;Securities Act. The statute provides that
indemnification pursuant to its provisions is not exclusive of other rights of indemnification to which a person may be entitled under&nbsp;any <FONT STYLE="white-space:nowrap">by-law,&nbsp;agreement,</FONT> vote of stockholders or disinterested
directors, or otherwise. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Both Article VIII of Chevron&#146;s certificate of incorporation and Article VIII of <FONT
STYLE="white-space:nowrap">Chevron&#146;s&nbsp;By-Laws&nbsp;provide</FONT> for indemnification of its directors, officers, employees and other agents and any person serving or having served, at the request of the corporation, as a director, officer,
manager, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust or other organization or enterprise, to the fullest extent permitted by law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As permitted by section 102 of the DGCL, Chevron&#146;s certificate of incorporation eliminates the liability of a Chevron director for
monetary damages to Chevron and its stockholders for any breach of the director&#146;s fiduciary duty, except for liability under section 174 of the DGCL or liability for any breach of the director&#146;s duty of loyalty to Chevron or its
stockholders, for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law or for any transaction from which the director derived an improper personal benefit. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The directors and officers of Chevron are covered by policies of insurance under which they are insured, within limits and subject to
limitations, against certain expenses not indemnifiable by Chevron in connection with the defense of actions, suits or proceedings, and certain liabilities which might be imposed as a result of such actions, suits or proceedings, in which they are
parties by reason of being or having been directors or officers.</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;7. Exemption from Registration Claimed. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Not applicable. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;8. Exhibits.
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD></TD>

<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="93%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Exhibit<BR>No.</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/93410/000095013408014499/f42584exv3w1.htm">Restated Certificate of Incorporation of Chevron Corporation, dated May&nbsp;
30, 2008, filed as Exhibit 3.1 to Chevron Corporation&#146;s Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the quarter ended June&nbsp;30, 2008, and incorporated herein by reference. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>4.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="http://www.sec.gov/Archives/edgar/data/93410/000009341020000044/a20200930by-lawsxexhib.htm"><FONT STYLE="white-space:nowrap">By-laws</FONT> of Chevron Corporation, as amended September&nbsp;
30, 2020, filed as Exhibit 3.1 to Chevron Corporation&#146;s Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> filed October 2, 2020, and incorporated herein by reference. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>5.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d14116dex51.htm">Opinion of Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP regarding legality of Chevron common stock being registered. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>5.2*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d14116dex52.htm">Internal Revenue Service determination letter dated August&nbsp;13, 2014, relating to the Plan. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d14116dex51.htm">Consent of Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP (contained in Exhibit 5.1). </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.2*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d14116dex232.htm">Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm of Chevron Corporation. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>23.3*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d14116dex233.htm">Consent of PricewaterhouseCoopers LLP for Tengizchevroil LLP. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>24.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d14116dex241.htm">Powers of Attorney for directors of Chevron Corporation, authorizing, among other things, the signing of registration statements on their behalf. </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1*</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d14116dex991.htm">Noble Energy, Inc. 401(k) Plan </A></TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">*</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Filed herewith </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;9. Undertakings. </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) The undersigned registrant hereby undertakes: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">To file, during any period in which offers or sales are being made, a post-effective amendment to this
registration statement: </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act; </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to reflect in the prospectus any facts or events arising after the effective date of this Registration
Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148;
table in the effective registration statement; and </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">to include any material information with respect to the plan of distribution not previously disclosed in this
registration statement or any material change to such information in this registration statement; </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Provided, however</I>, that
paragraphs (1)(i) and (1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section&nbsp;13
or Section&nbsp;15(d) of the Exchange Act that are incorporated by reference in this Registration Statement; <I>provided</I> </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">To remove from registration by means of a post-effective amendment any of the securities being registered which
remain unsold at the termination of the offering. </P></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act (and each filing of an employee benefit plan&#146;s annual report pursuant to
Section&nbsp;15(d) of the Exchange Act), that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as
expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements for filing on Form <FONT STYLE="white-space:nowrap">S-8</FONT> and has duly caused this Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of San Ramon, State of California, on October&nbsp;5, 2020. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


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<TD WIDTH="87%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>CHEVRON CORPORATION</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Michael K. Wirth</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name:</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Michael K. Wirth <BR>Chairman of the Board and Chief Executive Officer</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement on Form <FONT
STYLE="white-space:nowrap">S-8</FONT> has been signed by the following persons in the capacities indicated on this 5<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of October, 2020. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>

<TD WIDTH="4%"></TD>

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<TD WIDTH="47%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="46%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Principal Executive Officer (and Director)</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B>Directors</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Michael K. Wirth</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Michael K. Wirth</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Chairman of the
Board and Chief Executive Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Wanda M. Austin</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Principal Financial Officer</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">John B. Frank</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Pierre R. Breber</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pierre R. Breber</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Vice President and
Chief Financial Officer</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Alice P. Gast</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"><B>Principal Accounting Officer</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Enrique
Hernandez, Jr.</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ David A. Inchausti</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">David A. Inchausti</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Vice President
and Controller</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Jon M. Huntsman Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD COLSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Charles W. Moorman IV</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Dambisa F.
Moyo</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Debra
Reed-Klages</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Ronald D.
Sugar</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">*By</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Mary A. Francis</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Mary A. Francis</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">Attorney-In-Fact</FONT></FONT></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">*</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">D. James
Umpleby III</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>The Plan.</U> Pursuant to the requirements of the Securities Act of 1933, this Registration Statement on
Form <FONT STYLE="white-space:nowrap">S-8</FONT> has been signed by the following persons in the capacities indicated on this 5<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> day of October, 2020. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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<TD VALIGN="top" COLSPAN="3"><B>NOBLE ENERGY, INC. 401(K) PLAN</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Kari H. Endries</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Name:</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Title:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Kari H. Endries <BR>Vice President and Secretary</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

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<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>d14116dex51.htm
<DESCRIPTION>EX-5.1
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">[Letterhead of Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP] </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">October&nbsp;5, 2020 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chevron Corporation </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">6001 Bollinger Canyon Road </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">San Ramon, CA 94583 </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">We have acted as special
counsel to Chevron Corporation, a Delaware corporation (the &#147;Company&#148;), in connection with the Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> (the &#147;Registration Statement&#148;) of the Company, filed with
the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended (the &#147;Act&#148;), and the rules and regulations thereunder (the &#147;Rules&#148;). You have asked us to furnish our opinion as to the legality of the
securities being registered under the Registration Statement. The Registration Statement relates to the registration under the Act of 55,000 shares of the Company&#146;s common stock, par value $.75 per share (the &#147;Shares&#148;), issuable in
respect of awards to be granted under the Noble Energy, Inc. 401(k) Plan (as amended and restated, the &#147;Plan&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In connection
with the furnishing of this opinion, we have examined originals, or copies certified or otherwise identified to our satisfaction, of the following documents (collectively, the &#147;Documents&#148;): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">1. the Registration Statement; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">2. the Plan and the forms of award agreements (collectively, the &#147;Agreements&#148;) relating to the awards to acquire Shares granted under
the Plan. </P>
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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chevron Corporation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 2
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">In addition, we have examined (i)&nbsp;such corporate records of the Company that we have
considered appropriate, including a copy of the certificate of incorporation, as amended and restated, and the <FONT STYLE="white-space:nowrap">by-laws,</FONT> as amended and restated, of the Company, certified by the Company as in effect on the
date of this letter, and copies of resolutions of the board of directors of the Company relating to the issuance of the Shares, certified by the Company, and (ii)&nbsp;such other certificates, agreements and documents that we deemed relevant and
necessary as a basis for the opinion expressed below. We have also relied upon certificates of public officials and the officers of the Company. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">In our examination of the documents referred to above, we have assumed, without independent investigation, the genuineness of all signatures,
the legal capacity of all individuals who have executed any of the documents reviewed by us, the authenticity of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as certified, photostatic,
reproduced or conformed copies of valid existing agreements or other documents, the authenticity of all such agreements and documents and that the statements regarding matters of fact in the certificates, records, agreements, instruments and
documents that we have examined are accurate and complete. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Based upon the above, and subject to the stated assumptions, exceptions and
qualifications, we are of the opinion that the Shares have been duly authorized by all necessary corporate action on the part of the Company and, when issued, delivered and paid for in accordance with the terms of the Plan and any applicable
Agreement under the Plan, the Shares will be validly issued, fully paid and <FONT STYLE="white-space:nowrap">non-assessable.</FONT> </P>
</DIV></Center>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">

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<TD WIDTH="48%"></TD></TR>
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<TD VALIGN="top">Chevron Corporation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">
 3
</TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">The opinion expressed above is limited to the General Corporation Law of the State of
Delaware. Our opinion is rendered only with respect to the laws, and the rules, regulations and orders under those laws, that are currently in effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">We hereby consent to the use of this opinion as an exhibit to the Registration Statement. In giving this consent, we do not thereby admit that
we come within the category of persons whose consent is required by the Act or the Rules. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Very truly yours, </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">/s/ Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PAUL, WEISS, RIFKIND, WHARTON&nbsp;&amp; GARRISON LLP </P>
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<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>3
<FILENAME>d14116dex52.htm
<DESCRIPTION>EX-5.2
<TEXT>
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<TITLE>EX-5.2</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 5.2 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD WIDTH="46%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="43%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">INTERNAL REVENUE SERVICE</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">P. O. BOX 2508</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">CINCINNATI, OH 45201</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" COLSPAN="3" ALIGN="right">DEPARTMENT OF THE TREASURY</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Employer Identification Number:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date: AUG 13 2014</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><FONT STYLE="white-space:nowrap">&nbsp;&nbsp;&nbsp;&nbsp;73-0785597</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">DLN:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">NOBLE ENERGY INC</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;17007038263013</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">C/O THOMPSON&nbsp;&amp; KNIGHT LLP</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Person to Contact:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">JESSICA S MORRISON</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;DANIELLE HOUSTON</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">ID#&nbsp;&nbsp;&nbsp;75902</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">98 SAN JACINTO BLVD SUITE 1900</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Contact Telephone Number:</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">AUSTIN, TX 78701</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;(214) <FONT STYLE="white-space:nowrap">413-5517</FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Plan Name:</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;NOBLE ENERGY INC THRIFT AND PROFIT</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;SHARING PLAN</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">Plan
Number: 002</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dear Applicant: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have made a favorable determination on the plan identified above based on the information you have supplied. Please keep this letter, the
application forms submitted to request this letter and all correspondence with the Internal Revenue Service regarding your application for a determination letter in your permanent records. You must retain this information to preserve your reliance
on this letter. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Continued qualification of the plan under its present form will depend on its effect in operation. See section <FONT
STYLE="white-space:nowrap">1.401-1(b)(3)</FONT> of the Income Tax Regulations. We will review the status of the plan in operation periodically. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The enclosed Publication 794 explains the significance and the scope of this favorable determination letter based on the determination
requests selected on your application forms. Publication 794 describes the information that must be retained to have reliance on this favorable determination letter. The publication also provides examples of the effect of a plan&#146;s operation on
its qualified status and discusses the reporting requirements for qualified plans. Please read Publication 794. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter relates only
to the status of your plan under the Internal Revenue Code. It is not a determination regarding the effect of other federal or local statutes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This determination letter gives no reliance for any qualification change that becomes effective, any guidance published, or any statutes
enacted, after the issuance of the Cumulative List (unless the item has been identified in the Cumulative List) for the cycle under which this application was submitted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This determination letter is applicable for the amendment(s) executed on
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">12-16-13</FONT></FONT> &amp; <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-28-13.</FONT></FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This determination letter is also applicable for the amendment(s) dated on
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">7-26-12</FONT></FONT> &amp; <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">12-20-10.</FONT></FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This determination letter is also applicable for the amendment(s) dated on 12-30-09 &amp; 9-21-09. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Letter
2002&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NOBLE ENERGY INC </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This determination is subject to your adoption of the proposed amendments submitted in your letter dated <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">4-11-14.</FONT></FONT> The proposed amendments should be adopted on or before the date prescribed by the regulations under Code section 401(b). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter may not be relied on after the end of the plan&#146;s first five-year remedial amendment cycle that ends more than 12 months after
the application was received. This letter expires on January&nbsp;31, 2018. This letter considered the 2011 Cumulative List of Changes in Plan Qualification Requirements. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This is not a determination with respect to any language in the plan or any amendment to the plan that reflects Section&nbsp;3 of the Defense
of Marriage Act, Pub. L. <FONT STYLE="white-space:nowrap">104-199,</FONT> 110 Stat. 2419 (DOMA) or U.S. v. Windsor, 133 S. Ct. 2675 (2013), which invalidated that section. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">We have sent a copy of this letter to your representative as indicated in the Form 2848 Power of Attorney or appointee as indicated by the
Form 8821 Tax Information Authorization. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">If you have questions concerning this matter, please contact the person whose name and telephone
number are shown above. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Sincerely,</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Andrew E. Zuckerman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Andrew E. Zuckerman</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Director, EP Rulings&nbsp;&amp; Agreements</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Enclosures: </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Publication
794 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>d14116dex232.htm
<DESCRIPTION>EX-23.2
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 23.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We hereby consent to the incorporation by reference in this Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> of Chevron Corporation
of our report dated February&nbsp;21, 2020 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in Chevron Corporation&#146;s Annual Report on Form <FONT
STYLE="white-space:nowrap">10-K</FONT> for the year ended December&nbsp;31, 2019. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ PricewaterhouseCoopers LLP </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">San Francisco, California </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">October&nbsp;5, 2020 </P>
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<DOCUMENT>
<TYPE>EX-23.3
<SEQUENCE>5
<FILENAME>d14116dex233.htm
<DESCRIPTION>EX-23.3
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 23.3 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONSENT OF INDEPENDENT AUDITOR </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We hereby
consent to the incorporation by reference in this Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT> of Chevron Corporation of our report dated February&nbsp;20, 2020 relating to the financial statements of Tengizchevroil
LLP, which appears in Chevron Corporation&#146;s Annual Report <FONT STYLE="white-space:nowrap">on&nbsp;Form&nbsp;10-K&nbsp;for</FONT> the year ended December&nbsp;31, 2019. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">/s/ PricewaterhouseCoopers LLP </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Almaty, Kazakhstan </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">October&nbsp;5, 2020 </P>
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<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>6
<FILENAME>d14116dex241.htm
<DESCRIPTION>EX-24.1
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 24.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Wanda M. Austin</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Wanda M.
Austin</P></TD></TR>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ John B. Frank</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">John B.
Frank</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Alice P. Gast</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Alice P.
Gast</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Enrique Hernandez, Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Enrique Hernandez,
Jr.</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Jon M. Huntsman Jr.</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Jon M. Huntsman
Jr.</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Charles W. Moorman IV</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Charles W. Moorman
IV</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Dambisa F. Moyo</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Dambisa F.
Moyo</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Debra Reed-Klages</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Debra
Reed-Klages</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ Ronald D. Sugar</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Ronald D.
Sugar</P></TD></TR>
</TABLE></DIV>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>POWER OF ATTORNEY </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Chevron Corporation, a Delaware corporation (the &#147;Corporation&#148;), contemplates filing with the United States
Securities and Exchange Commission in Washington, D.C., under the provisions of the Securities Exchange Act of 1934, as amended, and the regulations promulgated thereunder, a Registration Statement on Form <FONT STYLE="white-space:nowrap">S-8</FONT>
(and any and all amendments thereto, including post-effective amendments); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the undersigned is an officer or director, or
both, of the Corporation; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, the undersigned hereby constitutes and appoints
<U>MARY</U><U></U><U>&nbsp;A.</U><U></U><U>&nbsp;FRANCIS</U>, <U>CHRISTOPHER A. BUTNER</U>, <U>CHRISTINE L. CAVALLO</U> and <U>KARI</U><U></U><U>&nbsp;H.</U><U></U><U>&nbsp;ENDRIES</U>, or any of them, his or her <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, with full power of substitution and resubstitution, for such person and in his or her name, place and stead, in any and all capacities, to sign the aforementioned Registration
Statement (and any and all amendments thereto, including post-effective amendments) and to file the same, with all exhibits thereto, and other documents in connection therewith, with the United States Securities and Exchange Commission, granting
unto said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to all intents and purposes he or she might or could do in person, hereby ratifying and confirming all that said <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">attorneys-in-fact</FONT></FONT> and agents, or
their substitutes, may lawfully do and cause to be done by virtue hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF</B>, the undersigned has hereunto set his
or her hand this 5th day of October 2020. </P> <P STYLE="font-size:36pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>

<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">/s/ D. James Umpleby III</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">D. James Umpleby
III</P></TD></TR>
</TABLE></DIV>
</DIV></Center>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>7
<FILENAME>d14116dex991.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-99.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOBLE ENERGY, INC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">401(k) PLAN
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>(As Amended and Restated Effective as of January&nbsp;1, 2015) </U></P>
<P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOBLE ENERGY, INC. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>401(k) PLAN </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>(As Amended
and Restated Effective as of January 1, 2015) </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>TABLE OF CONTENTS </U></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="11%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="85%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Page</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">PREAMBLE</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;I.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">DEFINITIONS AND CONSTRUCTION</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;1.1 Definitions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">1</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;1.2 Construction</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;II.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">ELIGIBILITY AND PARTICIPATION</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;2.1 Eligibility and Participation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;III.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">CONTRIBUTIONS, ALLOCATIONS AND FORFEITURES</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section 3.1 401 (k) Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">8</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.2 Matching Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.3 Retirement Savings Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">10</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.4 Payment of Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.5 Return of Employer Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.6 Allocation of Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">11</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.7 Application and Allocation of Forfeitures</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.8 Rollover Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.9 <FONT STYLE="white-space:nowrap">Catch-Up</FONT> Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">15</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;3.10 Transition Contributions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;IV.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">TRUST FUND</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;4.1 Trust and Trustee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;4.2 Trust Investment Options</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">16</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;4.3 Revenue Credit Account</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;V.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">VESTING</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section 5.1 Fully Vested Accounts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;5.2 Disability or Death Vesting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;5.3 Period of Service or Age Vesting</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">17</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;VI.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">VALUATIONS AND DISTRIBUTIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.1 Valuation and Adjustment of Accounts</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.2 Time and Form of Distribution</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">18</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.3 Distribution of Retirement and Disability Benefits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.4 Distribution of Death Benefit</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">19</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.5 Distribution of Separation from Employment Benefit</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR></TABLE>
</DIV></Center>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="12%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="84%"></TD>

<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.6 Forfeitures</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">20</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.7 <FONT STYLE="white-space:nowrap">In-Service</FONT> Withdrawals</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">21</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.8 Distributions to Minors and Persons Under Legal Disability</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.9 Plan Loans</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">22</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.10 Qualified Domestic Relations Orders</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">23</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.11 Transfer of Eligible Rollover Distribution</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.12 Preservation of Optional Form of Benefits</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">24</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;6.13 <FONT STYLE="white-space:nowrap">In-Plan</FONT> Roth Direct Rollovers</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;VII.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">PLAN ADMINISTRATION</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;7.1 Employee Benefits Committee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">25</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;7.2 Powers, Duties and Liabilities of the Committee</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;7.3 Rules, Records and Reports</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;7.4 Administration Expenses and Taxes</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;VIII.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">AMENDMENT AND TERMINATION</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;8.1 Amendment</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">26</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;8.2 Termination</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">27</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;IX.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><FONT STYLE="white-space:nowrap">TOP-HEAVY</FONT> PROVISIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;9.1 <FONT STYLE="white-space:nowrap">Top-Heavy</FONT> Definitions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;9.2 Minimum Contribution Requirement</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">ARTICLE&nbsp;X.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">MISCELLANEOUS GENERAL PROVISIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">29</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.1 Spendthrift Provision</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.2 Claims Procedure</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.3 Maximum Contribution Limitation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">30</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.4 Employment Noncontractual</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.5 Limitations on Responsibility</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.6 Merger or Consolidation</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.7 Applicable Law</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.8 USERRA Compliance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Section&nbsp;10.9 HEART Act Compliance</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">31</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-ii- </P>

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<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">NOBLE ENERGY, INC. </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>401(k) PLAN </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>(As Amended
and Restated Effective as of January 1, 2015) </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS 401(k) PLAN, made and executed by NOBLE ENERGY, INC., a Delaware corporation (the
&#147;Company&#148;), </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>W</U>&nbsp;&nbsp;<U>I</U>&nbsp;&nbsp;<U>T</U>&nbsp;&nbsp;<U>N</U>&nbsp;&nbsp;<U>E</U>&nbsp;&nbsp;<U>S</U>&nbsp;&nbsp;<U>S</U>&nbsp;&nbsp;
<U>E</U>&nbsp;&nbsp;<U>T</U>&nbsp;&nbsp;<U>H</U>&nbsp;&nbsp;<U>T</U>&nbsp;&nbsp;<U>H</U>&nbsp;&nbsp;<U>A</U>&nbsp;&nbsp;<U>T</U>: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS,
the Company has heretofore established for the benefit of its employees a qualified profit sharing plan now known as the Noble Energy, Inc. 401(k) Plan; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Company now desires to continue said profit sharing plan without interruption by amending and restating its plan document in its
entirety to provide for Roth contributions, to incorporate the plan&#146;s previous amendments into a single document and to make certain other changes effective as of January&nbsp;1, 2015; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the premises and pursuant to the provisions of Section&nbsp;8.1 thereof, the Noble Energy, Inc. 401(k)
Plan as in effect on December&nbsp;31, 2014, is hereby amended and restated in its entirety effective as of January&nbsp;1, 2015, to read as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DEFINITIONS AND
CONSTRUCTION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.1 <U>Definitions</U>. Unless the context clearly indicates otherwise, when used in this Plan: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) &#147;Affiliated Company&#148; means any corporation or organization, other than an Employer, which is a member of a
controlled group of corporations (within the meaning of Section&nbsp;414(b) of the Code) or of an affiliated service group (within the meaning of Section&nbsp;414(m) of the Code) with respect to which an Employer is also a member, and any other
incorporated or unincorporated trade or business which along with an Employer is under common control (within the meaning of the regulations from time to time promulgated by the Secretary of the Treasury pursuant to Section&nbsp;414(c) of the Code);
provided, however, that for the purposes of Section&nbsp;10.3, Section&nbsp;414(b) and (c)&nbsp;of the Code shall be applied as modified by Section&nbsp;415(h) of the Code. </P>
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<p style="margin-top:1em; margin-bottom:0em; page-break-before:always">
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <FONT STYLE="white-space:nowrap">&#147;After-Tax</FONT> Account&#148;
means the account established and maintained under this Plan by the Committee to record a Participant&#146;s interest under this Plan attributable to amounts credited to his or her <FONT STYLE="white-space:nowrap">After-Tax</FONT> Account under the
Previous Plan as in effect on December&nbsp;31, 2014. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &#147;Basic Compensation&#148; means the cash remuneration,
including overtime, shift differential payments and differential wage payments (within the meaning of Section&nbsp;3401(h)(2) of the Code), payable by an Employer to an Employee for personal services rendered to the Employer prior to reduction for
any 401(k) Contributions made by such Employer to this Plan on behalf of such Employee and prior to reduction for any compensation reduction amounts elected by such Employee for qualified transportation fringe benefits (within the meaning of
Section&nbsp;132(f) of the Code) or benefits pursuant to the Noble Energy, Inc. Cafeteria Plan, but excluding incentive payments, bonuses, allowances, commissions, deferred compensation payments, severance pay and any other extraordinary
remuneration; provided, however, that (A)&nbsp;the Basic Compensation of an Employee shall not include any amount paid or treated as paid to an Employee after his or her severance from employment unless such amount would otherwise be Basic
Compensation, is paid or treated as paid by the later of 2<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>/<SUB STYLE="font-size:85%; vertical-align:bottom">2</SUB> months after severance from employment or the end of the Plan Year that
includes the date of severance from employment and is described in Treasury Regulation section <FONT STYLE="white-space:nowrap">1.415(c)-2(e)(3)(ii)</FONT> (relating to regular pay after severance from employment) or
<FONT STYLE="white-space:nowrap">1.415(c)-2(e)(3)(iii)</FONT> (relating to certain leave cashouts), and (B)&nbsp;the Basic Compensation of an Employee taken into account under the Plan for any Plan Year commencing after December&nbsp;31, 2001, shall
not exceed $200,000 (as adjusted to take into account any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cost-of-living</FONT></FONT> increases authorized pursuant to Section&nbsp;401(a)(17)(B) of the Code). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) &#147;Code&#148; means the Internal Revenue Code of 1986, as amended. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) &#147;Committee&#148; means the Employee Benefits Committee appointed by the Board of Directors of the Company to
administer the Plan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;Company&#148; means Noble Energy, Inc. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) &#147;Company Stock&#148; means the common stock of Noble Energy, Inc. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) &#147;Compensation&#148; means the sum of (i)&nbsp;wages within the meaning of Section&nbsp;3401(a) of the Code (including
differential wage payments (within the meaning of Section&nbsp;3401(h)(2) of the Code)) and all other payments of remuneration to an Employee by an Employer (in the course of the Employer&#146;s trade or business) for which the Employer is required
to furnish the Employee a written statement under Sections 6041(d), 6051(a)(3) and 6052 of the Code, but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the
services performed (such as the exception for agricultural labor in Section&nbsp;3401(a)(2) of the Code), (ii) any elective deferrals (within the meaning of Section&nbsp;402(g)(3) of the Code) made by an Employer on behalf of such Employee,
including any 401(k) Contributions made by an Employer to this Plan on behalf of such Employee, (iii)&nbsp;any salary reduction amounts elected by such Employee for the purchase of benefits </P>
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pursuant to a cafeteria plan (within the meaning of Section&nbsp;125(d) of the Code) maintained by an Employer, and (iv)&nbsp;any salary reduction amounts elected by such Employee for qualified
transportation fringe benefits (within the meaning of Section&nbsp;132(f) of the Code); provided, however, that (A)&nbsp;for purposes of Section&nbsp;10.3, the Compensation of an Employee shall not include any amount paid or treated as paid to an
Employee after his or her severance from employment unless such amount would otherwise be Compensation, is paid or treated as paid by the later of 2<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB> months after
severance from employment or the end of the Plan Year that includes the date of severance from employment and is described in Treasury Regulation section 1.415(c)-2(e)(3)(ii) (relating to regular pay after severance from employment) or
1.415(c)-2(e)(3)(iii) (relating to certain leave cashouts and deferred compensation), and (B)&nbsp;except for purposes of determining whether an Employee is a Highly Compensated Employee or a Key Employee within the meaning of Section&nbsp;9.1(c),
the Compensation of an Employee taken into account under the Plan for any Plan Year commencing after December&nbsp;31, 2001, shall not exceed $200,000 (as adjusted to take into account any <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">cost-of-living</FONT></FONT> increases authorized pursuant to Section&nbsp;401(a)(17)(B) of the Code). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) &#147;Compensation Committee of the Board&#148; means the Compensation, Benefits and Stock Option Committee of the Board of
Directors of the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(j) &#147;Covered Employee&#148; means any Employee other than an Employee who is (i)&nbsp;a
nonresident alien who receives no earned income from an Employer which constitutes income from sources within the United States, (ii)&nbsp;an individual who is treated by an Employer at the time of the performance of his or her services as a summer
intern, a leased employee (within the meaning of Section&nbsp;414(n) of the Code) or an independent contractor for federal income tax purposes, regardless of any subsequent employment, retroactive reclassification or retroactive treatment of such
individual as an Employee, or (iii)&nbsp;a member of a collective bargaining unit with which an Employer negotiates and with respect to whom no coverage under this Plan has been provided by collective bargaining agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(k) The &#147;Early Retirement Date&#148; of a Participant means the day such Participant has both attained the age of 55 years
and completed a five-year Period of Service. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(l) &#147;Employee&#148; means any individual employed by an Employer. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(m) &#147;Employer&#148; shall include the Company and any other incorporated or unincorporated trade or business which may
subsequently adopt this Plan with the consent of the Chief Executive Officer of the Company. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(n) &#147;Employer Matching
Account&#148; means the account established and maintained under this Plan by the Committee to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;Matching Contributions made by an Employer for such Participant pursuant to
Section&nbsp;3.2 and forfeitures applied pursuant to Section&nbsp;3.7 to reduce the amount of such contributions for such Participant, and (ii)&nbsp;any amounts credited to his or her Employer Matching Account under the Previous Plan as in effect on
December&nbsp;31, 2014. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-3- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(o) &#147;Employment Date&#148; means the date an Employee first performs an
Hour of Service. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(p) &#147;401(k) Contribution&#148; means a contribution made by an Employer to this Plan on behalf of a
Participant pursuant to Section&nbsp;3.1. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(q) &#147;Highly Compensated Employee&#148; means for a Plan Year: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) any Employee who during such Plan Year or the preceding Plan Year was at any time a
<FONT STYLE="white-space:nowrap">5-percent</FONT> owner (as defined in Section&nbsp;416(i)(1) of the Code) of an Employer or Affiliated Company; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) any Employee who during the preceding Plan Year received Compensation greater than $80,000 (as adjusted to take into
account any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cost-of-living</FONT></FONT> increases authorized pursuant to Section&nbsp;414(q)(1) of the Code) and is in the group consisting of the top 20% (when ranked on the basis
of Compensation received during such preceding year) of all Employees, except those excluded pursuant to Section&nbsp;414(q)(5) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Solely for purposes of this definition, (i)&nbsp;an employee of an Affiliated Company shall be deemed to be an Employee,
(ii)&nbsp;compensation received from an Affiliated Company shall be deemed to be Compensation, and (iii)&nbsp;a nonresident alien who receives no earned income from an Employer or Affiliated Company which constitutes income from sources within the
United States shall not be considered an Employee. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(r) &#147;Hour of Service&#148; means an hour for which an Employee is
directly or indirectly compensated or entitled to compensation (including back pay, regardless of mitigation of damages) by an Employer for the performance of duties for an Employer or for reasons (such as vacation, sickness or disability) other
than the performance of duties for an Employer. Leaves of absence shall be granted by an Employer to its Employees on a uniform, nondiscriminatory basis. An Employee&#146;s Hours of Service shall be credited to the appropriate Plan Years or
eligibility computation period determined in accordance with the provisions of <FONT STYLE="white-space:nowrap">Section&nbsp;2530.200b-2(b)</FONT> and (c)&nbsp;of the Department of Labor Regulations, which are incorporated herein by this reference.
In determining Hours of Service for the purposes of this Plan, periods of employment by an Affiliated Company and periods of employment as a leased employee (within the meaning of Section&nbsp;414(n) of the Code) of an Employer or Affiliated Company
shall be deemed to be periods of employment by an Employer. A leased employee (within the meaning of Section&nbsp;414(n) of the Code) means any person who is not an employee of the recipient of the services performed and who provides services to the
recipient if (i)&nbsp;such services are provided pursuant to an agreement between the recipient and any other person, (ii)&nbsp;such person has performed such services for the recipient (or for the recipient and related persons) on a substantially
full-time basis for a period of at least one year, and (iii)&nbsp;such services are performed under primary direction or control by the recipient. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-4- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(s) &#147;Matching Contribution&#148; means a contribution made by an
Employer to this Plan pursuant to Section&nbsp;3.2. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(t) The &#147;Normal Retirement Date&#148; of a Participant means the
day such Participant attains the age of 65 years. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(u) &#147;One Year Break in Service&#148; means a 12 consecutive month
Period of Severance during which an Employee fails to complete a single Hour of Service. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) &#147;Participant&#148; means
any individual who has satisfied the eligibility and participation requirements of Article II (or whose account balance under another plan was transferred to this Plan), and whose Vested Interest under this Plan has not been fully distributed. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(w) &#147;Period of Service&#148; means the sum, rounded downward to the nearest whole year, of each period of time commencing
with an Employee&#146;s Employment Date or Reemployment Date and ending on the first date thereafter a Period of Severance begins (except as provided in the &#147;Period of Severance&#148; definition below in the case of an Employee&#146;s maternity
or paternity leave of absence). Included in such sum to be credited to an Employee shall be each period of time during which the Employee is on an authorized leave of absence for reasons of vacation, sickness, layoff or another occasion designated
and applied by an Employer or Affiliated Company on a nondiscriminatory basis, but in no event exceeding one year in length. A Period of Service also includes any Period of Severance of less than 12 consecutive months. If an Employee who has no
Vested Interest incurs a One Year Break in Service, such Employee shall forfeit his or her prior Period of Service unless he or she completes an additional <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service before the number of his
or her consecutive One Year Breaks in Service equals five. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any provision of this Plan to the contrary notwithstanding, in
determining the Period of Service to be credited under the Plan (i)&nbsp;to a Participant who was first employed by an Employer during the <FONT STYLE="white-space:nowrap">12-month</FONT> period ending on October 31, 1997, any employment of such
Participant by Energy Development Corporation during the <FONT STYLE="white-space:nowrap">60-month</FONT> period ending on October&nbsp;31, 1996, shall be deemed to be employment by an Employer, provided, however, that employment by Energy
Development Corporation shall not be taken into account for purposes of determining the right of such Participant to make <FONT STYLE="white-space:nowrap">in-service</FONT> withdrawals pursuant to Section&nbsp;6.7(a), and (ii)&nbsp;to a Participant
who was a participant in the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan on April&nbsp;2, 2006, the number of years of such Participant&#146;s Period of Service as of December&nbsp;31, 2005, shall be equal to the
number of years of service for vesting purposes credited to such Participant under the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan as of December&nbsp;31, 2005, and for the 2006 Plan Year such Participant shall be
credited with a <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service if he or she either (A)&nbsp;completes a <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service under this Plan for the 2006 Plan Year, or (B)&nbsp;would
have completed a year of service for vesting purposes during the 2006 Plan Year under the provisions of the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan if the vesting service provisions of such plan applied to this
Plan during the 2006 Plan Year. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(x) &#147;Period of Severance&#148; means a period of time commencing with
the date an Employee ceases to be employed by an Employer or Affiliated Company for reasons of Retirement, Permanent Disability, death, being discharged, or voluntarily ceasing employment, or with the first anniversary of the date of his or her
absence for any other reason, and ending with the date such Employee resumes employment with an Employer or Affiliated Company; provided, however, that solely for purposes of determining whether an Employee incurs a One Year Break in Service, the
Period of Severance of an Employee who is absent from work due to the pregnancy of the Employee, the birth of a child of the Employee, the placement of a child with the Employee in connection with the adoption of such child by such Employee, or
caring for such child for a period beginning immediately following such birth or placement shall not commence until the second anniversary of the first date of such absence and the period between the first and second anniversaries of the first date
of such absence shall be considered neither a Period of Service nor a Period of Severance. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(y) &#147;Permanent
Disability&#148; means the total and permanent incapacity of a Participant to perform the usual duties of his or her employment with an Employer or Affiliated Company as determined by the Committee. Such incapacity shall be deemed to exist when
certified by a physician acceptable to the Committee. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(z) &#147;Plan&#148; means this Noble Energy, Inc. 401(k) Plan as
from time to time in effect. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(aa) &#147;Plan Year&#148; means the calendar year. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(bb) <FONT STYLE="white-space:nowrap">&#147;Pre-Tax</FONT> 401(k) Account&#148; means the account established and maintained
under this Plan by the Committee to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;any contributions made by an Employer on behalf of such Participant pursuant to Section&nbsp;3.1, other than 401(k) Contributions that
are treated by an Employer as designated Roth contributions (within the meaning of Section&nbsp;402A of the Code), and (ii)&nbsp;any amounts credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan as in
effect on December&nbsp;31, 2014. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(cc) &#147;Previous Plan&#148; means the Noble Energy, Inc. 401(k) Plan as in effect
from time to time prior to January&nbsp;1, 2015. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(dd) &#147;Qualified Deferral Agreement&#148; means an agreement between
and Employer and a Participant whereby the Participant agrees to reduce Basic Compensation or forego an increase in Basic Compensation for the purposes of Section&nbsp;401(k) of the Code, and the Employer agrees to contribute the amount of said
reduction or foregone Basic Compensation to the Plan on behalf of the Participant. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ee) &#147;Reemployment Date&#148;
means the date an Employee first performs an Hour of Service following a Period of Severance. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ff) &#147;Retirement&#148; means the termination of a Participant&#146;s
employment with an Employer or Affiliated Company on or after his or her Early or Normal Retirement Date for any reason other than death or transfer to the employ of another Employer or Affiliated Company. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(gg) &#147;Retirement Savings Account&#148; means the account established and maintained under this Plan by the Committee to
record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;the portion of any Retirement Savings Contributions allocated to such Participant and forfeitures applied pursuant to Section&nbsp;3.7 to reduce the amount of such
contributions for such Participant, and (ii)&nbsp;any amounts credited to his or her Profit Sharing Account under the Previous Plan as in effect on December&nbsp;31, 2014. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(hh) &#147;Retirement Savings Contribution&#148; means a contribution made by an Employer to this Plan pursuant to
Section&nbsp;3.3. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) &#147;Rollover Account&#148; means the account established and maintained under this Plan by the
Committee to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;any Rollover Property contributed by such Participant to this Plan pursuant to Section&nbsp;3.8, and (ii)&nbsp;any amounts credited to his or her Rollover
Account under the Previous Plan as in effect on December&nbsp;31, 2014. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(jj) &#147;Rollover Property&#148; means
(i)&nbsp;property the value of which is includable in the gross income of the transferor but which would be excluded from such gross income under Section&nbsp;402(c), 403(a)(4), 403(b)(8), 408(d)(3) or 457(e)(16) of the Code if transferred to the
Plan and (ii)&nbsp;property distributed from a plan qualified under Section&nbsp;401(a) of the Code the value of which is not includable in the gross income of the transferor. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(kk) &#147;Roth 401(k) Account&#148; means the account established and maintained under this Plan by the Committee to record a
Participant&#146;s interest under this Plan attributable to any contributions made by an Employer on behalf of such Participant pursuant to Section&nbsp;3.1 that are treated by an Employer as designated Roth contributions (within the meaning of
Section&nbsp;402A of the Code). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ll) &#147;Roth Rollover Account&#148; means the account established and maintained under
this Plan by the Committee to record a Participant&#146;s interest under this Plan attributable to Roth Rollover Property contributed by such Participant to this Plan pursuant to Section&nbsp;3.8. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(mm) &#147;Roth Rollover Property&#148; means cash the amount of which would be a rollover contribution described in
Section&nbsp;402A(c)(3) of the Code if contributed to the Plan. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(nn) The &#147;Taxable Wage Base&#148; for a Plan Year is
the contribution and benefit base in effect for such year under Section&nbsp;230 of the Social Security Act. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(oo)
&#147;Transition Account&#148; means the account established and maintained under this Plan by the Committee to record a Participant&#146;s interest under this Plan attributable to the portion of any Transition Contributions allocated to such
Participant and forfeitures applied pursuant to Section&nbsp;3.7 to reduce the amount of such contributions for such Participant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-7- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(pp) &#147;Transition Contribution&#148; means a contribution made by an
Employer to this Plan pursuant to Section&nbsp;3.10. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(qq) &#147;Trust&#148; means, as the context requires, the trust
agreement and/or the trust fund referred to in Section&nbsp;4.1. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(rr) &#147;Trustee&#148; means the individual or
corporate trustee or trustees from time to time appointed and acting as trustee or trustees of the Trust established pursuant to the Plan. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ss) The &#147;Vested Interest&#148; of a Participant means the then vested portion of the amount credited to the Accounts of
such Participant at the particular point in time in question. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.2 <U>Construction</U>. The titles to the Articles and the
headings of the Sections in this Plan are placed herein for convenience of reference only and in case of any conflict the text of this instrument, rather than such titles or headings, shall control. Whenever a noun or pronoun is used in this Plan in
plural form and there be only one person or entity within the scope of the word so used, or in singular form and there be more than one person or entity within the scope of the word so used, such noun or pronoun shall have a plural or singular
meaning as appropriate under the circumstance. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ELIGIBILITY AND PARTICIPATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.1 <U>Eligibility and Participation</U>. Each participant in the Previous Plan with an account balance thereunder on
December&nbsp;31, 2014, shall become a Participant in this Plan as of January&nbsp;1, 2015. Each other Covered Employee shall become a Participant in this Plan on January&nbsp;1, 2015, or the first day thereafter on which he or she is a Covered
Employee. If a Participant ceases to be a Covered Employee, such Participant shall remain a Participant under the Plan until his or her Vested Interest has been fully distributed pursuant to the Plan, but no contributions shall be made to the Plan
for or on behalf of such Participant while he or she is not a Covered Employee. If a former Participant is thereafter reemployed as a Covered Employee, he or she shall resume participating in the Plan as of the date of such reemployment. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE III. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CONTRIBUTIONS,
ALLOCATIONS AND FORFEITURES </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.1 <U>401(k) Contributions</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) Each Participant may elect to have his or her Employer make a 401(k) Contribution to the Plan for each pay period in an
amount equal to a specified whole percentage, not in excess of 50%, of his or her Basic Compensation for that pay period. </P>
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All such contributions shall be made by uniform payroll deductions pursuant to a Qualified Deferral Agreement which authorizes the Employer to pay such contributions to the Trustee on behalf of
the Participant. A Participant may change the applicable percentage of such payroll deductions as of the first day of any pay period, or at any time suspend his or her election to have 401(k) Contributions made to the Plan, provided that notice of
such change or suspension is given to or in the manner directed by the Committee or its designee within such reasonable period of time prior to the effective date thereof as the Committee may require. Any provision of this Plan to the contrary
notwithstanding, the amount of 401(k) Contributions made to the Plan pursuant to this Section on behalf of the Participant shall not exceed $11,000 (or such greater dollar limitation as may apply pursuant to Section&nbsp;402(g) of the Code) for any
calendar year. An Employer may amend or revoke any Participant&#146;s Qualified Deferral Agreement at any time during a Plan Year if such amendment or revocation is deemed by such Employer to be necessary or appropriate to ensure that the
requirements of Sections 3.6 and 10.3 are met for such year. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) A Participant may elect in such manner as the Committee
may require to have his or her Employer treat any amount of a 401(k) Contribution made to the Plan on his or her behalf for a pay period ending after December&nbsp;31, 2014, as a designated Roth contribution (within the meaning of
Section&nbsp;402A(c) of the Code). A Participant may change the applicable amount of such election or suspend such election at any time, provided that notice of such change or suspension is given to or in the manner directed by the Committee or its
designee within such reasonable period of time prior to the effective date thereof as the Committee may require. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) If
the amount of 401(k) Contributions and any other elective deferrals (within the meaning of Section&nbsp;402(g)(3) of the Code) made on a Participant&#146;s behalf for any taxable year of such Participant exceeds such dollar limitation, then if such
Participant notifies the Committee of the amount of 401(k) Contributions that exceeded that limitation within such reasonable period of time prior to the first April&nbsp;15 following such year as the Committee may prescribe, in its discretion, the
excess 401(k) Contributions (along with any income allocable thereto for such year, but not for the gap period after the end of such year) may be distributed to such Participant no later than such April 15. Any excess 401(k) Contributions made for a
Participant for a taxable year shall be distributed from his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and Roth 401(k) Account in proportion to the 401(k) Contributions allocated to each such Account for the year. The
income allocable to any excess 401(k) Contributions for a Participant for a taxable year shall be the sum of (i)&nbsp;the income allocable to any excess 401(k) Contributions distributed from his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT>
401(k) Account, and (ii)&nbsp;the income allocable to any excess 401(k) Contributions distributed from his or her Roth 401(k) Account, where the income allocable to 401(k) Contributions distributed from either such Account for this purpose shall be
determined by multiplying the amount of income allocable to such Account for such year by a fraction, the numerator of which is the amount of excess 401(k) Contributions for such year distributed from such Account and the denominator of which is the
sum of the amount credited to such Account as of the beginning of such year plus the amount of the 401(k) Contributions credited to such Account for such year. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-9- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) If a Participant who first becomes or again becomes a Covered Employee
after November&nbsp;30, 2014, does not make an election to have 401(k) Contributions made to the Plan within the first 30 days after first becoming a Covered Employee, then such Covered Employee shall be deemed to have entered into a Qualified
Deferral Agreement authorizing his or her Employer to make 401(k) Contributions to the Plan in an amount equal to 6% of his or her Basic Compensation to be effective as soon as administratively practicable following 30 days from the date he or she
first became or again became a Covered Employee.. Any 401(k) Contribution made to the Plan for a Participant pursuant to the foregoing automatic enrollment provisions shall not be treated by the Participant&#146;s Employer as a designated Roth
contribution (within the meaning of Section&nbsp;402A(c) of the Code) unless the Participant makes an affirmative election to that effect. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.2 <U>Matching Contributions</U>. In addition to the contributions made pursuant to Section&nbsp;3.1: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) for each pay period commencing after December&nbsp;31, 2014, an Employer shall make a Matching Contribution to the Plan for
each Participant in an amount equal to 100% of the portion of the 401(k) Contribution made by such Employer on behalf of such Participant for such period which does not exceed 6% of his or her Basic Compensation for such period; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) for each Plan Year commencing after December&nbsp;31, 2014, an Employer shall make a Matching Contribution to the Plan for
each Participant in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company on the last day of such Plan Year, or whose Retirement, Permanent Disability or death occurred during that year while in the employ of (or
on authorized leave of absence from) an Employer or Affiliated Company, in an amount which, when added to the Matching Contributions made for such Participant pursuant to subsection (a)&nbsp;of this Section for such Plan Year, equals 100% of the
portion of the 401(k) Contributions made by the Employers on behalf of such Participant for such Plan Year which does not exceed 6% of his or her Basic Compensation for such Plan Year while eligible to have 401(k) Contributions made to the Plan
(including any Basic Compensation of the Participant while his or her 401(k) Contributions are suspended on account of a hardship withdrawal). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.3 <U>Retirement Savings Contributions</U>. In addition to 401(k) and Matching Contributions, for each Plan Year commencing
after December&nbsp;31, 2014, the Employers shall contribute to the Plan for each Participant who is in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company on the last day of such Plan Year, or whose Retirement,
Permanent Disability or death occurred during that year while in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company, an amount in cash equal to the sum of the following percentages of such Participant&#146;s
Basic Compensation while a Covered Employee during that year, depending on the age such Participant has attained (or would have attained if living) on the last day of that year: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-10- </P>

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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="76%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>

<TD WIDTH="49%"></TD>

<TD VALIGN="bottom" WIDTH="25%"></TD>
<TD></TD>

<TD VALIGN="bottom" WIDTH="24%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; ">Age of Participant</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Percentage&nbsp;of&nbsp;Basic<br>Compensation&nbsp;while&nbsp;a<br>Covered&nbsp;Employee&nbsp;that&nbsp;was<br>Below&nbsp;the&nbsp;Taxable&nbsp;Wage&nbsp;Base</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Percentage&nbsp;of&nbsp;Basic<br>Compensation&nbsp;while&nbsp;a<br>Covered&nbsp;Employee&nbsp;that&nbsp;was<br>Above&nbsp;the&nbsp;Taxable&nbsp;Wage&nbsp;Base</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Under 35</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">4%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">8%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">At least 35 but under 48</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">7%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">10%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">At least 48</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">9%</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">12%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.4 <U>Payment of Contributions</U>. All 401(k) Contributions made for a pay period shall be paid
to the Trustee in cash as soon as practicable after the end of such pay period, but no later than the 15<SUP STYLE="font-size:85%; vertical-align:top">th</SUP> business day after the end of the month in which such pay period ends. The Matching
Contributions an Employer is required to make by Section&nbsp;3.2, the Retirement Savings Contributions an Employer is required to make by Section&nbsp;3.3 and any Transition Contribution made to the Plan by an Employer for a Plan Year shall be paid
to the Trustee in cash no later than the time prescribed by law, including extensions thereof, for the filing of the Employer&#146;s federal income tax return for such year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.5 <U>Return of Employer Contributions</U>. Contributions made to this Plan are conditioned upon being currently deductible
under Section&nbsp;404 of the Code. Any provision of this Plan to the contrary notwithstanding, upon an Employer&#146;s request, any such contribution or portion thereof made to this Plan by such Employer which (i)&nbsp;was made under a mistake of
fact which is subsequently discovered, or (ii)&nbsp;is disallowed as a deduction under Section&nbsp;404 of the Code, shall be returned to such Employer to the extent not previously distributed to Participants or their beneficiaries; provided,
however, that the amounts returnable to an Employer pursuant to this Section shall be reduced by any Trust losses allocable thereto and shall be returned to such Employer only if such return is made within one year after the mistaken payment of the
contribution or the date of the disallowance of the deduction, as the case may be. Except as provided in this Section, no contribution made by an Employer pursuant to this Plan shall ever revert to or be recoverable by any Employer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.6 <U>Allocation of Contributions</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The Committee shall establish and maintain such Plan accounts as may be necessary or appropriate to record each
Participant&#146;s interest under the Plan. All amounts attributable to <FONT STYLE="white-space:nowrap">after-tax</FONT> contributions made by a Participant pursuant to the Previous Plan shall be credited to such Participant&#146;s <FONT
STYLE="white-space:nowrap">After-Tax</FONT> Account. All amounts attributable to <FONT STYLE="white-space:nowrap">pre-tax</FONT> contributions made for a Participant pursuant to the Previous Plan or the Patina Oil&nbsp;&amp; Gas Corporation Profit
Sharing&nbsp;&amp; 401(k) Plan, and all 401(k) Contributions made by an Employer for such Participant pursuant to Section&nbsp;3.1, other than 401(k) Contributions that are treated by an Employer as designated Roth contributions (within the meaning
of Section&nbsp;402A(c) of the Code), shall be credited to such Participant&#146;s <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account. All 401(k) Contributions made for such Participant pursuant to Section&nbsp;3.1 that are treated by
his or her Employer as designated Roth contributions (within the meaning of Section&nbsp;402A(c) of the Code) shall be credited to such Participant&#146;s Roth 401(k) Account. All amounts attributable to matching contributions made by an Employer
for a Participant pursuant to the Previous Plan and all Matching Contributions made by an Employer for such Participant pursuant to Section&nbsp;3.2, along </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-11- </P>

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with any forfeitures applied to reduce the amount of such contributions for such Participant, shall be credited to such Participant&#146;s Employer Matching Account. All Retirement Savings
Contribution made by an Employer for a Participant pursuant to Section&nbsp;3.3, along with any forfeitures applied to reduce the amount of such contributions for such Participant, shall be credited to such Participant&#146;s Retirement Savings
Account. Any Transition Contribution made by an Employer for a Participant pursuant to Section&nbsp;3.10, along with any forfeitures applied to reduce the amount of such contributions for such Participant, shall be credited to such
Participant&#146;s Transition Account. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Any provision of this Plan to the contrary notwithstanding, if for any Plan
Year the actual deferral percentage for the group of Highly Compensated Employees eligible to elect to have 401(k) Contributions made during such Plan Year fails to satisfy one of the following tests: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) the actual deferral percentage for said group of Highly Compensated Employees is not more than the actual deferral
percentage for all other Employees eligible to elect to have 401(k) Contributions made during such Plan Year multiplied by 1.25, or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the excess of the actual deferral percentage for said group of Highly Compensated Employees over the actual deferral
percentage for all other Employees eligible to elect to have 401(k) Contributions made during such Plan Year is not more than two percentage points and the actual deferral percentage for said group of Highly Compensated Employees is not more than
the actual deferral percentage for all other Employees eligible to elect to have 401(k) Contributions made during such Plan Year multiplied by two, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">then the actual deferral percentage of Participants who are members of said group of Highly Compensated Employees shall be reduced by reducing
the 401(k) Contributions made for such Plan Year on behalf of the Highly Compensated Employees with the largest individual actual deferral percentages to the largest uniform actual deferral percentage (commencing with the Highly Compensated Employee
with the largest actual deferral percentage and reducing his or her actual deferral percentage to the extent necessary to satisfy one of the above tests or to lower such actual deferral percentage to the actual deferral percentage of the Highly
Compensated Employee with the next highest actual deferral percentage, and repeating this process as necessary) that permits the actual deferral percentage for said group of Highly Compensated Employees to satisfy one of said tests. For purposes of
this subsection, the term &#147;actual deferral percentage&#148; for a specified group of Employees for a Plan Year means the average of the ratios (calculated separately for each Employee in such group and after any distributions to Highly
Compensated Employees required to satisfy the dollar limitation described in Section&nbsp;3.1) of (i)&nbsp;the aggregate amount of 401(k) Contributions made to the Plan on behalf of each such Employee for that year, to (ii)&nbsp;the amount of such
Employee&#146;s Compensation for that year. If two or more plans that include cash or deferred arrangements are considered as one plan for purposes of Section&nbsp;401(a)(4) or 410(b) of the Code (other than for purposes of the average benefit
percentage test), the cash or deferred arrangements included in such plans shall be treated as one arrangement for purposes of this subsection. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-12- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Two or more plans may not be aggregated and treated as a single plan pursuant to the
preceding sentence unless such plans have the same plan year and apply consistent testing methods. If a Highly Compensated Employee is a participant in two or more cash or deferred arrangements maintained by an Employer or Affiliated Company, then
for purposes of this Section, all such cash or deferred arrangements (other than those that may not be permissively aggregated) shall be treated as one cash or deferred arrangement in accordance with applicable Treasury regulations. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The aggregate amount of any 401(k) Contributions made on behalf of Participants which, following any distribution required
to satisfy the dollar limitation described in Section&nbsp;3.1, cannot be credited to the <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Accounts or Roth 401(k) Accounts for a Plan Year commencing after December&nbsp;31, 2014, because of the
limitation contained in subsection (b)&nbsp;of this Section (along with any income allocable to such contributions for such Plan Year, but not for the gap period after the end of such year) shall be distributed to such Participants no later than 2<SUP
STYLE="font-size:85%; vertical-align:top">1</SUP>/<SUB STYLE="font-size:85%; vertical-align:bottom">2</SUB> months after the end of such year on the basis of the amount of 401(k) Contributions made for each such Participant (commencing with the
Highly Compensated Employee with the largest amount of 401(k) Contributions for such Plan Year and reducing his or her 401(k) Contributions to the extent necessary or to lower such amount to the amount of 401(k) Contributions of the Highly
Compensated Employee with the next highest amount of 401(k) Contributions, and repeating this process as necessary). Any such excess 401(k) Contributions made for a Participant for a year shall be distributed from his or her <FONT
STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and Roth 401(k) Account in proportion to the 401(k) Contributions allocated to each such Account for the year. The income allocable to any such excess 401(k) Contributions for a Participant
for a Plan Year shall be the sum of (i)&nbsp;the income allocable to any excess 401(k) Contributions distributed from his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account, and (ii)&nbsp;the income allocable to any such excess
401(k) Contributions distributed from his or her Roth 401(k) Account, where the income allocable to 401(k) Contributions distributed from either such Account for this purpose shall be determined by multiplying the amount of income allocable to such
Account for such year by a fraction, the numerator of which is the amount of the excess 401(k) Contributions for such year distributed from such Account and the denominator of which is the sum of the amount credited to such Account as of the
beginning of such year plus the amount of the 401(k) Contributions credited to such Account for such year. If any portion of a 401(k) Contribution made by an Employer on behalf of a Participant is distributed to such Participant pursuant to the
foregoing provisions of this subsection, any portion of a Matching Contribution (along with any income allocable thereto) made for such Participant that matches the distributed 401(k) Contribution shall be forfeited. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Any provision of this Plan to the contrary notwithstanding, if for any Plan Year the contribution percentage for the group
of Highly Compensated Employees eligible to receive an allocation of Matching Contributions for such Plan Year fails to satisfy one of the following tests: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-13- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) the contribution percentage for said group of Highly Compensated
Employees is not more than the contribution percentage for all other Employees eligible to receive an allocation of Matching Contributions for such Plan Year multiplied by 1.25, or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the excess of the contribution percentage for said group of Highly Compensated Employees over the contribution percentage
for all other Employees eligible to receive an allocation of Matching Contributions for such Plan Year is not more than two percentage points and the contribution percentage for said group of Highly Compensated Employees is not more than the
contribution percentage for all other Employees eligible to receive an allocation of Matching Contributions for such Plan Year multiplied by two, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">then the contribution percentage for Participants who are members of said group of Highly Compensated Employees shall be reduced by reducing
the Matching Contributions made for such Plan Year for the Highly Compensated Employees with the largest individual contribution percentages to the largest uniform contribution percentage (commencing with the Highly Compensated Employee with the
largest contribution percentage and reducing his or her contribution percentage to the extent necessary to satisfy one of the above tests or to lower such contribution percentage to the contribution percentage of the Highly Compensated Employee with
the next highest contribution percentage, and repeating this process as necessary) that permits the contribution percentage for said group of Highly Compensated Employees to satisfy one of said tests. For purposes of this subsection, the term
&#147;contribution percentage&#148; for a specified group of Employees for a Plan Year means the average of the ratios (calculated separately for each Employee in such group and after application of the reduction provisions of subsection (b)&nbsp;of
this Section and the forfeiture provisions of subsection (c)&nbsp;of this Section) of (i)&nbsp;the aggregate amount of Matching Contributions (and at the election of the Company, the 401(k) Contributions) made to the Plan for or on behalf of each
such Employee for that year, to (ii)&nbsp;the amount of such Employee&#146;s Compensation for that year. 401(k) Contributions may be taken into account for the calculation of the &#147;contribution percentage&#148; only to the extent that one of the
tests in Section&nbsp;3.6(b) is satisfied without the benefit of including such 401(k) Contributions in the &#147;actual deferral percentage.&#148; If two or more plans to which matching contributions or employee
<FONT STYLE="white-space:nowrap">after-tax</FONT> contributions are made are considered as one plan for purposes of Section&nbsp;410(b) of the Code (other than for purposes of the average benefit percentage test), such plans shall be treated as one
plan for purposes of determining the contribution percentages for this subsection. Two or more plans may not be aggregated and treated as a single plan pursuant to the preceding sentence unless such plans have the same plan year and apply consistent
testing methods. If a Highly Compensated Employee is a participant in two or more plans maintained by an Employer or Affiliated Company to which matching contributions or employee <FONT STYLE="white-space:nowrap">after-tax</FONT> contributions are
made, then for purposes of this Section, all such plans (other than those that may not be permissively aggregated) shall be treated as one plan in accordance with applicable Treasury regulations. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) The aggregate amount of any Matching Contributions made for Participants which cannot be credited to the Employer Matching
Accounts for a Plan Year commencing after December&nbsp;31, 2014, because of the limitation contained in subsection (d)&nbsp;of this Section (along with any income allocable to such contributions for </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-14- </P>

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such Plan Year, but not for the gap period after the end of such year) shall be forfeited if forfeitable, but if not forfeitable, distributed to such Participants no later than 2<SUP
STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB> months after the end of such year on the basis of the amount of Matching Contributions made for each such Participant (commencing with the Highly Compensated
Employee with the largest amount of Matching Contributions for such Plan Year and reducing his or her Matching Contributions to the extent necessary or to lower such amount to the amount of Matching Contributions of the Highly Compensated Employee
with the next highest amount of Matching Contributions, and repeating this process as necessary). The income allocable to any such excess aggregate contributions for a Participant for a Plan Year shall be determined by multiplying the amount of
income allocable to such Participant&#146;s Employer Matching Account for such year by a fraction, the numerator of which is the amount of the excess aggregate contributions for such year and the denominator of which is the sum of the amount
credited to such Participant&#146;s Employer Matching Account as of the beginning of such year plus the amount of the Matching Contributions made for such Participant for such year. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.7 <U>Application and Allocation of Forfeitures</U>. Amounts forfeited during a Plan Year shall be applied to restore any
forfeited Employer Matching Account or Retirement Savings Account with respect to which a repayment has been made pursuant to Section&nbsp;6.6(b) and may be used to pay any administrative expenses in accordance with Section&nbsp;7.4. Any additional
amounts forfeited from Employer Matching Accounts or Retirement Savings Accounts remaining as of the end of such Plan Year shall be applied to reduce the amount of the earliest subsequent contributions an Employer would otherwise be required to make
to the Plan pursuant to Section&nbsp;3.2, 3.3 or 3.10. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.8 <U>Rollover Contributions</U>. With the consent of the Committee,
any Covered Employee (regardless of whether he or she is a Participant) may contribute Rollover Property or Roth Rollover Property in the form of cash to the Plan. Each contribution of Rollover Property shall be credited to a separate Rollover
Account to be established and maintained for the benefit of the contributing Employee, and each contribution of Roth Rollover Property shall be credited to a separate Roth Rollover Account to be established and maintained for the benefit of the
contributing Employee. An Employee who is not a Participant, but for whom a Rollover Account or Roth Rollover Account is being maintained, shall be accorded all of the rights and privileges of a Participant under the Plan except that no
contributions (other than contributions of Rollover Property or Roth Rollover Property) shall be made for or on behalf of such Employee until he or she meets the eligibility and participation requirements of Article II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.9 <U><FONT STYLE="white-space:nowrap">Catch-Up</FONT> Contributions</U>. All Employees who are eligible to make 401(k)
Contributions under this Plan and who have attained or will attain age 50 before the close of their taxable year shall be eligible to make <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions in accordance with, and subject to the
limitations of, Section&nbsp;414(v) of the Code and the regulations thereunder. Such <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions shall be credited under the Plan for the benefit of the contributing Participants in accordance with
such procedures as may be specified by the Committee, and shall not be taken into account for purposes of the provisions of the Plan implementing the required limitations of Sections 402(g) and 415 of the Code. The Plan shall not be treated as
failing to satisfy the provisions of the Plan implementing the requirements of Section&nbsp;401(k)(3), 401(k)(11), 401(k)(12), 410(b) or 416 of the Code, as applicable, by reason of the making of such <FONT STYLE="white-space:nowrap">catch-up</FONT>
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-15- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">contributions. No Matching Contributions shall be made with respect to
<FONT STYLE="white-space:nowrap">catch-up</FONT> contributions. Any provision of the Plan to the contrary notwithstanding, a Participant may not elect to make <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions for any pay period in an
amount that exceeds 25% of his or her Basic Compensation for such pay period. A Participant for whom <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions are made after December&nbsp;31, 2014, may elect in such manner as the Committee may
require to have his or her Employer treat any amount of such <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions as designated Roth contributions (within the meaning of Section&nbsp;402A(c) of the Code), for which separate recordkeeping
shall be maintained in accordance with the requirements of Section&nbsp;402A of the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.10 <U>Transition
Contributions</U>. In addition to 401(k), Matching and Retirement Savings Contributions, for each Plan Year commencing after December&nbsp;31, 2014, but not after December&nbsp;31, 2023, the Employers shall contribute to the Plan for each
Participant who is a Transition Employee (as defined below) for such Plan Year in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company on the last day of such Plan Year, or whose Retirement, Permanent Disability
or death occurred during that year while in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company, an amount in cash equal to 6% of such Participant&#146;s Basic Compensation while a Covered Employee during that
year. For purposes of this Section, a &#147;Transition Employee&#148; for a Plan Year is a Covered Employee (i)&nbsp;who was an active participant in the Noble Energy, Inc. Retirement Plan on December&nbsp;31, 2013, (ii) whose employment with (and
authorized leaves of absence from) the Employers and their Affiliated Companies has continued without interruption from December&nbsp;31, 2013, through the last day of such Plan Year (or if earlier, the date during such Plan Year of his or her
Retirement, Permanent Disability or death), and (iii)&nbsp;the number of whose whole years of Credited Service (as determined under the provisions of the Noble Energy, Inc. Retirement Plan as in effect on December&nbsp;31, 2013), when added to the
total number of Plan Years for which Transition Contributions are made for him or her, does not exceed 20. Without implication for any other provisions of the Plan, the Company reserves the right to amend this Section in accordance with the
provisions of Section&nbsp;8.1. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE IV. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TRUST FUND </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.1
<U>Trust and Trustee</U>. All of the contributions paid to the Trustee pursuant to this Plan and the Previous Plan, together with the income therefrom and the increments thereof, shall be held in trust by the Trustee under the terms and provisions
of the separate trust agreement between the Trustee and the Company, a copy of which is attached hereto and incorporated herein by this reference for all purposes, establishing a trust fund known as the Noble Energy, Inc. Thrift and Profit Sharing
Plan Trust for the exclusive benefit of the Participants and their beneficiaries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.2 <U>Trust Investment Options</U>. In
accordance with the provisions of the Trust and subject to such procedures as the Committee may prescribe from time to time for application to all Participants on a uniform and nondiscriminatory basis, each Participant (i)&nbsp;shall direct the
Trustee to invest the amounts credited to such Participant&#146;s Accounts under the Plan in the Company Stock investment option and/or one or more of the other investment options (which may include segregated investment brokerage-type accounts the
investment of which is directed </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-16- </P>

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by a Participant or his or her designee) authorized by the Committee for the purposes of the Trust, and (ii)&nbsp;may from time to time prospectively change his or her investment directions with
respect to such amounts. The Committee, in its absolute discretion, shall adopt rules and procedures for periodically notifying each Participant of the existence and nature of each Trust investment option. If a Participant dies prior to receiving
the full amount distributable to him or her under the Plan, such Participant&#146;s investment authority under this Section shall vest in and be exercisable by his or her beneficiary as determined under Section&nbsp;6.4. Any provision of the Plan or
Trust to the contrary notwithstanding, no fiduciary with respect to the Plan or Trust shall have any duty to review any investment to be acquired, held or disposed of pursuant to the directions of a Participant or beneficiary or to make any
recommendations with respect to the disposition or retention of any investment held for the Account of such Participant or beneficiary, nor shall any such fiduciary have any responsibility or liability whatsoever for any loss or diminution in value
which results from the investment directions of a Participant or beneficiary or his or her failure to give such investment directions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;4.3 <U>Revenue Credit Account</U>. It is anticipated that from time to time remuneration from the Plan&#146;s investments that is
received by an administrative service provider in excess of the negotiated administrative services fees may be remitted to the Trust. Any amount so remitted shall be credited to a separate account in the Trust (the &#147;Revenue Credit
Account&#148;) and invested in accordance with the directions of the Committee. Amounts held in the Revenue Credit Account shall be applied to pay expenses in accordance with Section&nbsp;7.4 or be allocated among Participant Plan accounts in a
manner determined by the Committee in its discretion; provided, however, that any amount remaining in the Revenue Credit Account at the end of any Plan Year shall be allocated among Participant Plan accounts in a manner determined by the Committee
in its discretion. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE V. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">VESTING </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.1
<U>Fully Vested Accounts</U>. The amounts credited to a Participant&#146;s <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account, Roth 401(k) Account, <FONT STYLE="white-space:nowrap">After-Tax</FONT> Account, Rollover Account, Roth
Rollover Account and Transition Account shall be fully vested at all times. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.2 <U>Disability or Death Vesting</U>. In the
event of the occurrence of a Participant&#146;s Permanent Disability or death while in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company, the amount credited to the Participant&#146;s Employer Matching Account
or Retirement Savings Account shall be fully vested. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.3 <U>Period of Service or Age Vesting</U>. Unless sooner vested
pursuant to the provisions of Section&nbsp;5.2: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The amount credited to the Employer Matching Account of a Participant
who completes an Hour of Service after December&nbsp;31, 2005, shall vest in accordance with the following schedule: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-17- </P>

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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="81%"></TD>

<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Period of Service</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; ">Completed by Participant</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Percentage&nbsp;Vested</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less than 1 year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">At least 1 but less than 2 years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">34%</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">At least 2 but less than 3 years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">67%</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:4.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3 or more years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">100%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The amount credited to the Employer Matching Account of a Participant who does not
complete an Hour of Service after December&nbsp;31, 2005, shall vest in accordance with the provisions of the Previous Plan as in effect on December&nbsp;31, 2005. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The amount credited to the Retirement Savings Account of a Participant shall vest in accordance with the following
schedule: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="68%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>

<TD WIDTH="81%"></TD>

<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman">Period of Service</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; ">Completed by Participant</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Percentage&nbsp;Vested</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Less than 3 years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">3 or more years</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">100%</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Any provision of this subsection (c)&nbsp;to the contrary notwithstanding, the percentage vested of the
Retirement Savings Account of any Participant for whom assets were transferred to this Plan from the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan shall be not less than the vesting percentage applicable on
April&nbsp;2, 2006, to profit sharing contributions allocated under that plan for such Participant. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The foregoing provisions of this Section to the
contrary notwithstanding, the amount credited to the Employer Matching Account or Retirement Savings Account of a Participant who is credited with an Hour of Service on or after the date he or she attains age 65 shall be fully vested. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE VI. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">VALUATIONS AND
DISTRIBUTIONS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.1 <U>Valuation and Adjustment of Accounts</U>. All Accounts shall be valued and adjusted on an annual or
more frequent basis in accordance with the provisions of the Trust and such uniform and nondiscriminatory rules and procedures as may be established from time to time by the Committee in its absolute discretion. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.2 <U>Time and Form of Distribution</U>. Distribution to a Participant or beneficiary under this Article shall be made no later
than 60 days after the end of the Plan Year during which such Participant or beneficiary becomes entitled to distribution pursuant to this Article. In addition and any provision of this Plan to the contrary notwithstanding, (i)&nbsp;each Participant
who becomes entitled to a distribution under the Plan in an amount exceeding $5,000 (determined without regard to such Participant&#146;s Rollover Account or Roth Rollover Account) may elect to defer the distribution to a date no later than
April&nbsp;1 of the calendar year following the calendar </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-18- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">year in which such Participant attains age 70<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB
STYLE="vertical-align:bottom">2</SUB>, and (ii)&nbsp;in the case of a Participant who is a <FONT STYLE="white-space:nowrap">5-percent</FONT> owner (as defined in Section&nbsp;416(i) of the Code) or at the election of any other Participant who
attains age 70<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB> prior to January&nbsp;1, 2001, distribution to such Participant under the Plan shall be made or commence being made no later than April&nbsp;1 of
the calendar year following the calendar year in which the Participant attains age 70<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB>. Distributions that commence being made pursuant to the preceding sentence
to a Participant who has not separated from the employment of an Employer or Affiliated Company shall be equal to the minimum amounts required to be distributed pursuant to Section&nbsp;401(a)(9) of the Code and such regulations and other
authorities issued thereunder, including Treasury Regulations sections <FONT STYLE="white-space:nowrap">1.401(a)(9)-1</FONT> through <FONT STYLE="white-space:nowrap">1.401(a)(9)-9</FONT> and the incidental death benefit requirement. All
distributions and withdrawals under this Article shall be made in cash; provided, however, that a Participant shall have the right to elect on a form prescribed by the Committee to receive Company Stock, with cash in lieu of fractional shares, for
any distribution or withdrawal from his or her Accounts to the extent invested in Company Stock. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.3 <U>Distribution of
Retirement and Disability Benefits</U>. Upon the Retirement or Permanent Disability of a Participant, the Vested Interest of such Participant shall be distributed by the Trustee at the direction of the Committee to such Participant in a single
distribution; provided, however, that no such distribution shall be made to a Participant prior to his or her attainment of age 65 unless (i)&nbsp;such Participant elects to receive such distribution, or (ii)&nbsp;the value of such distribution is
not more than $1,000. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.4 <U>Distribution of Death Benefit</U>. Upon the death of a Participant, the Vested Interest of such
Participant shall be distributed by the Trustee at the direction of the Committee in a single distribution to such Participant&#146;s beneficiary or beneficiaries determined in accordance with this Section. Any amount payable under the Plan upon the
death of a married Participant shall be distributed to the surviving spouse of such Participant unless such Participant designates otherwise with the written consent of his or her spouse which is witnessed by a member of the Committee or a notary
public. Any amount payable under the Plan upon the death of a Participant who is not married or who is married but has designated, as provided above, a beneficiary other than his or her spouse, shall be distributed to the beneficiary or
beneficiaries designated by such Participant. Such designation of beneficiary or beneficiaries shall be made in writing on a form prescribed by the Committee and, when filed with or as directed by the Committee, shall become effective and remain in
effect until changed by the Participant by the filing of a new beneficiary designation form with or as directed by the Committee. In the case of a Participant for whom assets are transferred to this Plan from another plan, the Participant&#146;s
beneficiary designation under the transferring plan shall serve as the Participant&#146;s beneficiary designation for the purposes of this Plan until superseded by a subsequent beneficiary designation made in accordance with the provisions of this
Section. If an unmarried Participant fails to so designate a beneficiary, or in the event all of a Participant&#146;s designated beneficiaries are individuals who predecease such Participant, then the Committee shall direct the Trustee to distribute
the amount payable under the Plan to such Participant&#146;s surviving spouse, if any, but if none, to such Participant&#146;s estate. All distributions under this Section shall be made as soon as practicable following a Participant&#146;s death.
Any provision of this Plan to the contrary notwithstanding and to the extent permitted by applicable law, the Committee may, in its discretion and on a uniform and nondiscriminatory basis, accept a qualified disclaimer that meets the requirements of
Section&nbsp;2518(b) of the Code and includes such other provisions as the Committee may require from the disclaimant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-19- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.5 <U>Distribution of Separation from Employment Benefit</U>. If a Participant
separates from the employment of an Employer or Affiliated Company for any reason other than his or her Retirement, Permanent Disability, death or transfer to the employment of another Employer or Affiliated Company, the Accounts of such Participant
shall be retained in trust and shall continue to be credited with applicable earnings as provided in Section&nbsp;6.1, and the Vested Interest of such Participant shall be distributed to him or her by the Trustee at the direction of the Committee by
payment of the entire amount in a single distribution as soon as practicable after such Participant&#146;s Normal Retirement Date (or, if the Participant dies prior to such date, the Vested Interest of such Participant shall be distributed upon his
or her death in accordance with Section&nbsp;6.4); provided, however, that (i)&nbsp;each such Participant shall have the right to elect on a form prescribed by the Committee to receive a <FONT STYLE="white-space:nowrap">cash-out</FONT> distribution
of his or her Vested Interest as soon as practicable and (ii)&nbsp;the Committee shall require a <FONT STYLE="white-space:nowrap">cash-out</FONT> distribution of any such Participant&#146;s Vested Interest which does not exceed $1,000. Any provision
of this Plan to the contrary notwithstanding, for purposes of distributing an amount credited to a Participant&#146;s <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account or Roth 401(k) Account, a Participant shall not be treated as having
separated from the employment of an Employer or Affiliated Company prior to the time that such amount can be distributed from the Plan to such Participant without violating Section&nbsp;401 (k) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.6 <U>Forfeitures</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) If a Participant receives a <FONT STYLE="white-space:nowrap">cash-out</FONT> distribution of his or her Vested Interest
pursuant to the provisions of Section&nbsp;6.5, any portion of such Participant&#146;s Employer Matching Account or Retirement Savings Account which is not vested at the time of such distribution shall be forfeited at such time. If a Participant who
separates from the employment of an Employer or Affiliated Company for any reason other than his or her Retirement, Permanent Disability, death or transfer to the employment of another Employer or Affiliated Company, is not entitled to receive any
distribution from the Plan due to the fact that such Participant has no Vested Interest, such Participant shall be deemed to have received a distribution from the Plan of his or her entire Vested Interest under the Plan and any amount credited to
such Participant&#146;s Employer Matching Account and/or Retirement Savings Account shall be forfeited at the time of such separation from employment. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) If a Participant any portion of whose Employer Matching Account or Retirement Savings Account is forfeited pursuant to
subsection (a)&nbsp;of this Section is reemployed as a Covered Employee prior to incurring five consecutive One Year Breaks in Service, the amount so forfeited shall be restored to such individual&#146;s Employer Matching Account or Retirement
Savings Account, whichever is applicable, out of current-year forfeitures or, if such forfeitures are insufficient, by an additional Employer contribution; provided, however, that no amount shall be restored to the Employer Matching Account or
Retirement Savings Account of an individual who previously received a distribution of the vested portion of his or her Employer Matching Account or Retirement Savings Account, whichever is applicable, unless he or she repays to the Plan, while a
Covered Employee and within five years of the date of such reemployment, the full amount previously distributed from such Account for crediting to such Account. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) Unless sooner forfeited pursuant to subsection (a)&nbsp;of this Section,
any unvested portion of the Employer Matching Account or Retirement Savings Account of a Participant who separates from the employment of an Employer or Affiliated Company for any reason other than his or her Retirement, Permanent Disability, death
or transfer to the employment of another Employer or Affiliated Company shall be forfeited upon the earlier of the date of such Participant&#146;s death or the date such Participant incurs five consecutive One Year Breaks in Service unless such
Participant is reemployed by an Employer or Affiliated Company prior to such date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.7
<U><FONT STYLE="white-space:nowrap">In-Service</FONT> Withdrawals</U>. At any time while in the employ of an Employer or Affiliated Company, a Participant may make: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) A withdrawal of all or a portion of the total amount credited to his or her Employer Matching Account and/or <FONT
STYLE="white-space:nowrap">After-Tax</FONT> Account if he or she has completed a five-year Period of Service; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) A
withdrawal of all or a portion of the amount credited to his or her fully-vested Accounts if he or she has attained the age of 59<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) A withdrawal of all or a portion of the amount credited to his or her Rollover Account and/or Roth Rollover Account; and
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) A hardship withdrawal of (i)&nbsp;such amount of 401(k) Contributions credited to his or her <FONT
STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and/or Roth 401(k) Account under this Plan or <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan after December&nbsp;31, 1988, and (ii)&nbsp;such amount credited
to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan as of December&nbsp;31, 1988, as the Committee shall determine to be necessary to satisfy an immediate and heavy financial need of such Participant; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">provided, however, that (i)&nbsp;no withdrawal may be made unless notice of such withdrawal is given by the withdrawing Participant to or in the manner
directed by the Committee or its designee within such period of time prior to the end of such month as the Committee may prescribe in its discretion, and (ii)&nbsp;no withdrawal may be made by a Participant to whom a loan from the Trust is then
outstanding unless the Committee is satisfied that such loan will remain nontaxable and fully secured by the withdrawing Participant&#146;s Vested Interest following such withdrawal. The Committee shall direct the Trustee to distribute any withdrawn
amount to such Participant as soon as practicable after the valuation and adjustment of accounts at the end of said month. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A hardship
withdrawal will be considered to be made on account of an immediate and heavy financial need of a Participant only if the Committee determines that such withdrawal is on account of (i)&nbsp;expenses for (or necessary to obtain) medical care that
would be deductible under Section&nbsp;213(d) of the Code (determined without regard to whether the expenses exceed 7.5% of adjusted gross income), (ii) costs directly related to the purchase of a principal residence for such Participant (excluding
mortgage payments), (iii) payment of tuition, related educational </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-21- </P>

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fees, and room and board expenses, for up to the next 12 months of post-secondary education for such Participant or his or her spouse, children or dependents (as defined in Section&nbsp;152 of
the Code, but without regard to subsection (b)(1), (b)(2) and (d)(1)(B) thereof), (iv) payments necessary to prevent the eviction of such Participant from his or her principal residence or foreclosure on the mortgage of such residence,
(v)&nbsp;payments for burial or funeral expenses for such Participant&#146;s deceased parent, spouse, children or dependents (as defined in Section&nbsp;152 of the Code, but without regard to subsection (d)(1)(B) thereof), or (vi)&nbsp;expenses for
the repair of damage to such Participant&#146;s principal residence that would qualify for the casualty deduction under Section&nbsp;165 of the Code (determined without regard to whether the loss exceeds 10% of adjusted gross income). A hardship
withdrawal will be considered to be necessary to satisfy an immediate and heavy financial need of a Participant only if the Committee determines that (i)&nbsp;the amount of such withdrawal is not in excess of the amount of such need plus any amounts
necessary to pay any federal, state or local income taxes or penalties reasonably anticipated to result from the withdrawal, and (ii)&nbsp;such Participant has obtained all distributions and withdrawals, other than hardship withdrawals, and all
nontaxable loans currently available under all plans maintained by the Employers. Any provision of this Plan to the contrary notwithstanding, if a Participant makes a hardship withdrawal, no 401(k) Contributions shall be made on behalf of such
Participant for six months after receipt of such withdrawal. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.8 <U>Distributions to Minors and Persons Under Legal
Disability</U>. If any distribution under the Plan becomes payable to a minor or other person under a legal disability, such distribution may be made to the duly appointed guardian or other legal representative of the estate of such minor or person
under legal disability. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.9 <U>Plan Loans</U>. Subject to such conditions and limitations as the Committee may from time to
time prescribe for application to all Participants and beneficiaries on a uniform basis, at the request of a Participant or beneficiary of a deceased Participant who is a party in interest (within the meaning of Section&nbsp;3(14) of the Employee
Retirement Income Security Act of 1974, as amended) as to the Plan (hereinafter called the &#147;Borrower&#148;) the Committee shall direct the Trustee to loan to such Borrower from his or her Accounts an amount of money which, when added to the
total outstanding balance of all other loans to such Borrower from the Trust or from a qualified employer plan (within the meaning of Section&nbsp;72(p) of the Code) maintained by an Employer or Affiliated Company, does not exceed the lesser of (i)
$50,000 (reduced, however, by the excess, if any, of the highest total outstanding balance of all such other loans during the <FONT STYLE="white-space:nowrap">one-year</FONT> period ending on the day before the date such loan is made, over the
outstanding balance of all such other loans on the date such loan is made), or <FONT STYLE="white-space:nowrap">(ii)&nbsp;one-half</FONT> of such Participant&#146;s Vested Interest under the Plan (or, in the case of a loan to a beneficiary, <FONT
STYLE="white-space:nowrap">one-half</FONT> of such beneficiary&#146;s Accounts). Any such loan made to a Borrower shall be evidenced by a promissory note or other evidence of indebtedness payable to the Trustee, shall bear a reasonable rate of
interest, shall be secured by <FONT STYLE="white-space:nowrap">one-half</FONT> of the Participant&#146;s Vested Interest under the Plan (or, in the case of a loan to a beneficiary, <FONT STYLE="white-space:nowrap">one-half</FONT> of such
beneficiary&#146;s Accounts), shall be repayable in substantially equal payments no less frequently than quarterly and shall be repayable within five years (except that any home acquisition loan repayable over a period exceeding five years that was
outstanding under the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan on March&nbsp;26, 2006, shall remain repayable in accordance with its terms). Any provision of this Plan to the contrary notwithstanding, the
promissory note or other evidence of indebtedness evidencing any such loan shall be held by the Trustee as a segregated investment allocated to and made solely for the benefit of the Account or Accounts of the Borrower from which such loan was made.
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.10 <U>Qualified Domestic Relations Orders</U>. Any provision of this Plan to
the contrary notwithstanding: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The Committee shall establish and maintain for each alternate payee named with respect
to a Participant under a domestic relations order which is determined by the Committee to be a qualified domestic relations order (as defined in Section&nbsp;414(p) of the Code) such separate Accounts as the Committee may deem to be necessary or
appropriate to reflect such alternate payee&#146;s interest in the Accounts of such Participant. Such alternate payee&#146;s Accounts shall be credited with the alternate payee&#146;s interest in the Participant&#146;s Accounts as determined under
such qualified domestic relations order. The alternate payee may change investment direction with respect to his or her Account balances in accordance with Section&nbsp;4.2 in the same manner as the Participant. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) Except to the extent otherwise provided in the qualified domestic relations order naming an alternate payee with respect to
a Participant, (i)&nbsp;the alternate payee may designate a beneficiary on a form prescribed by and filed with or as directed by the Committee, (ii)&nbsp;if no such beneficiary is validly designated or if the designated beneficiary is a person who
predeceases the alternate payee, the beneficiary of the alternate payee shall be the alternate payee&#146;s estate, and (iii)&nbsp;the beneficiary of the alternate payee shall be accorded under the Plan all of the rights and privileges of the
beneficiary of a Participant. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) An alternate payee named with respect to a Participant shall be entitled to receive a
distribution from the Plan in accordance with the qualified domestic relations order naming such alternate payee. Such distribution may be made only in a form provided under the Plan and shall include only such amounts as are vested. If a qualified
domestic relations order so provides, a lump sum distribution of the total vested amount credited to the alternate payee&#146;s Accounts may be made to the alternate payee at any time prior to the date the Participant named in such qualified
domestic relations order attains his or her earliest retirement age (as defined in Section&nbsp;414(p)(4)(B) of the Code). To the extent provided by a qualified domestic relations order, the alternate payee named with respect to a Participant may
make withdrawals (other than hardship withdrawals) from his or her Accounts in accordance with Section&nbsp;6.7 in the same manner as a Participant who has completed the Period of Service completed by the Participant with respect to whom such
alternate payee was named under said qualified domestic relations order. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) If a portion of any unvested amount credited
to the Employer Matching Account or Retirement Savings Account of a Participant named in the qualified domestic relations order is credited to the Employer Matching Account or Retirement Savings Account, whichever is applicable, of the alternate
payee named in such qualified domestic relations order, the portion credited to the alternate payee&#146;s Employer Matching Account or Retirement Savings Account shall vest and/or be forfeited at the same time and in the same manner as the
Participant&#146;s Employer Matching Account or Retirement Savings Account, whichever is applicable. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-23- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.11 <U>Transfer of Eligible Rollover Distribution</U>. If a Participant is
entitled to receive an eligible rollover distribution (as defined in Section&nbsp;402(c) of the Code and the regulations thereunder, which exclude, among other distributions, any hardship distribution) from the Plan, such Participant may elect to
have the Committee direct the Trustee to transfer the entire amount of such distribution directly to any of the following specified by such Participant: an individual retirement account described in Section&nbsp;408(a) of the Code, a Roth IRA
described in Section&nbsp;408A(b) of the Code, an individual retirement annuity described in Section&nbsp;408(b) of the Code (other than an endowment contract), a defined contribution plan qualified under Section&nbsp;401(a) of the Code the terms of
which permit rollover contributions, an annuity plan described in Section&nbsp;403(a) of the Code, an annuity contract described in Section&nbsp;403(b) of the Code or an eligible deferred compensation plan described in Section&nbsp;457(b) of the
Code which is maintained by an eligible employer described in Section&nbsp;457(e)(1)(A) of the Code and which agrees to separately account for rollover contributions; provided, however, that an amount credited to a Roth 401(k) Account or Roth
Rollover Account may be transferred only to a designated Roth account described in Section&nbsp;402A of the Code or a Roth IRA described in Section&nbsp;408A of the Code. However, this Section shall apply to the portion of an eligible rollover
distribution that is not includable in gross income only if such Participant elects to have the Committee direct the Trustee to transfer such portion directly to any of the following specified by such Participant: an individual retirement account
described in Section&nbsp;408(a) of the Code, an individual retirement annuity described in Section&nbsp;408(b) of the Code (other than an endowment contract) or a defined contribution plan qualified under Section&nbsp;401(a) of the Code the terms
of which permit rollover contributions and which agrees to separately account for the portion of a rollover contribution that is includable in gross income and the portion thereof that is not includable in gross income. This Section shall apply to
the surviving spouse of a deceased Participant and to an alternate payee under a qualified domestic relations order (as defined in Section&nbsp;414(p) of the Code) who is the spouse or former spouse of the Participant specified in the qualified
domestic relations order as if such surviving spouse or alternate payee were a Participant. If a designated beneficiary of a deceased Participant that is an individual other than the Participant&#146;s surviving spouse is entitled to receive a
distribution from the Plan that would be an eligible rollover distribution (as defined in Section&nbsp;402(c) of the Code and the regulations thereunder) except for the requirement that the distribution be made to the Participant&#146;s surviving
spouse, such beneficiary may elect to have the Committee direct the Trustee to transfer the entire amount of such distribution directly to either an individual retirement account described in Section&nbsp;408(a) of the Code or an individual
retirement annuity described in Section&nbsp;408(b) of the Code (other than an endowment contract) that has been established for the purpose of receiving the distribution on behalf of a designated beneficiary who is not the Participant&#146;s
surviving spouse. A distributee of an eligible rollover distribution of $500 or more who is entitled to make an election under this Section may specify that some portion less than the entire amount of such distribution be transferred in accordance
with this Section, but only if the portion specified is $500 or more. This Section shall not apply to eligible rollover distributions to a distributee for a calendar year if all such distributions from the Plan to such distributee within such
calendar year are reasonably expected to total less than $200. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.12 <U>Preservation of Optional Form of Benefits</U>. Any
provision of this Plan to the contrary notwithstanding, subject to the provisions of Section&nbsp;6.2, if a form of distribution has commenced in payment to or with respect to a Participant under a plan the assets of which are transferred to this
Plan and such distribution is not complete at the time of such transfer, such form of distribution shall continue to be made to or with respect to such Participant under this Plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-24- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.13 <U><FONT STYLE="white-space:nowrap">In-Plan</FONT> Roth Direct
Rollovers</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) If a Participant who is in the employ of an Employer or Affiliated Company may make a withdrawal
pursuant to Section&nbsp;6.7 of some amount of his or her fully-vested Accounts (excluding for this purpose a Roth 401(k) Account and Roth Rollover Account) where the withdrawn amount could be received as an eligible rollover distribution (as
described in Section&nbsp;6.11), such Participant instead may elect irrevocably to make a direct rollover of such amount to his or her Roth Rollover Account in accordance with Section&nbsp;402A(c)(4) of the Code. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) In accordance with Section&nbsp;402A(c)(4)(E) of the Code, a Participant who is in the employ of an Employer or Affiliated
Company may elect irrevocably to make a direct rollover to his or her Roth Rollover Account of some amount of his or her fully-vested Accounts (excluding for this purpose a Roth 401(k) Account and Roth Rollover Account) where the withdrawn amount
could not otherwise be distributed under the terms of the Plan. The amount rolled over and applicable earnings shall remain subject to any distribution restrictions that were applicable to the amount before the direct rollover. Separate
recordkeeping for the amount rolled over and applicable earnings shall be maintained in accordance with the requirements of Section&nbsp;402A of the Code. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) No amount less than the minimum direct rollover amount specified by the Committee may be directly rolled over pursuant to
this Section, and no direct rollover may be made pursuant to this Section unless notice of such direct rollover is given to or in the manner directed by the Committee or its designee by the Participant making the direct rollover within such
reasonable period of time prior to the effective date thereof and in such manner as the Committee may require. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE VII. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">PLAN ADMINISTRATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.1 <U>Employee Benefits Committee</U>. The plan administrator of the Plan shall be an Employee Benefits Committee composed of at
least three individuals appointed by the Board of Directors of the Company. Each member of the Committee so appointed shall serve in such office until his or her death, resignation or removal by the Board of Directors of the Company. The Board of
Directors of the Company may remove any member of the Committee at any time by giving written notice thereof to the members of the Committee. Vacancies shall likewise be filled from time to time by the Board of Directors of the Company. The members
of the Committee shall receive no remuneration from the Plan for their services as Committee members. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.2 <U>Powers, Duties and Liabilities of the Committee</U>. The Committee shall
have discretionary and final authority to interpret and implement the provisions of the Plan, including without limitation authority to determine eligibility for benefits under the Plan, and shall perform all of the duties and exercise all of the
powers and discretion granted to it under the terms of the Plan. The Committee shall act by a majority of its members at the time in office and such action may be taken either by a vote at a meeting or in writing without a meeting. The Committee may
by such majority action authorize any one or more of its members to execute any document or documents on behalf of the Committee, in which event the Committee shall notify the Trustee in writing of such action and the name or names of its member or
members so authorized to act. Every interpretation, choice, determination or other exercise by the Committee of any discretion given either expressly or by implication to it shall be conclusive and binding upon all parties directly or indirectly
affected, without restriction, however, on the right of the Committee to reconsider and redetermine such actions. In performing any duty or exercising any power herein conferred, the Committee shall in no event perform such duty or exercise such
power in any manner which discriminates in favor of Highly Compensated Employees. The Employers shall indemnify each member of the Committee and hold such member harmless from and against any claim, cost, expense (including reasonable
attorneys&#146; fees), judgment or liability (including any sum paid in settlement of a claim with the approval of the Company) arising out of any act or omission to act as a member of the Committee, except in the case of willful misconduct. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.3 <U>Rules, Records and Reports</U>. The Committee may adopt such rules and procedures for the administration of the Plan as
are consistent with the terms hereof, and shall keep adequate records of the Committee&#146;s proceedings and acts and of the status of the Participants&#146; Accounts. The Committee may employ such agents, accountants and legal counsel (who may be
agents, accountants or legal counsel for an Employer) as may be appropriate for the administration of the Plan. The Committee shall annually provide each Participant with a report reflecting the status of his or her Accounts in the Trust and shall
cause such other information, documents or reports to be prepared, provided and/or filed as may be necessary to comply with the provisions of the Employee Retirement Income Security Act of 1974 or any other law. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;7.4 <U>Administration Expenses and Taxes</U>. Unless otherwise paid by the Employers in their discretion, the Committee shall
direct the Trustee to pay all reasonable and necessary expenses (including the fees of agents, accountants and legal counsel) incurred by the Committee in connection with the administration of the Plan. Should any tax of any character (including
transfer taxes) be levied upon the Trust assets or the income therefrom, such tax shall be paid from and charged against the assets of the Trust. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE VIII. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AMENDMENT AND
TERMINATION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.1 <U>Amendment</U>. The Board of Directors of the Company shall have the right and power at any time and from
time to time to amend this Plan, in whole or in part, on behalf of all Employers. Any such amendment made by the Board of Directors of the Company shall be made by or pursuant to a resolution duly adopted by the Board of Directors of the Company,
and shall be evidenced by such resolution or by a written instrument executed by such person as the Board of Directors of the Company shall authorize for such purpose. In addition, the Compensation Committee of the Board shall have the right and
power at any time and from time to time to amend the provisions of Sections 3.2, 3.3 and 3.10 to provide for such Contributions as the Compensation Committee of the Board may deem to be appropriate for the purposes of the </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-26- </P>

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Plan. Any such amendment made by the Compensation Committee of the Board shall be made by or pursuant to a resolution duly adopted by the Compensation Committee of the Board, and shall be
evidenced by such resolution or by a written instrument executed by such person as the Compensation Committee of the Board shall authorize for such purpose. Furthermore, (i)&nbsp;if a favorable determination letter issued by the Internal Revenue
Service for the Plan is subject to the timely adoption of an amendment to the Plan that had been proposed by or on behalf of the Company to the Internal Revenue Service, the Chief Executive Officer of the Company and the lead executive of the
Company&#146;s Human Resources Department acting together may execute such amendment within the required time period on behalf of all Employers, and (ii)&nbsp;the Chief Executive Officer of the Company and the lead executive of the Company&#146;s
Human Resources Department acting together shall have the right and power at any time and from time to time to amend this Plan on behalf of all Employers in any manner that such executives determine in good faith will not increase or decrease the
cost of any Employer&#146;s contributions to the Plan. With the consent of the Board of Directors of the Company and subject to such procedure as it may prescribe, the Board of Directors of each Employer shall have the right and power at any time
and from time to time to amend this Plan, in whole or in part, with respect to the Plan&#146;s application to the Participants of the particular amending Employer and the assets held in the Trust for their benefit, or to transfer such assets or any
portion thereof to a new trust for the benefit of such Participants. However, in no event shall any amendment or new trust permit any portion of the trust fund to be used for or diverted to any purpose other than the exclusive benefit of the
Participants and their beneficiaries, nor shall any amendment or new trust reduce a Participant&#146;s Vested Interest under the Plan. The Company shall in writing notify the Committee of any amendment to the Plan. No amendment shall be effective to
the extent it eliminates or reduces any Plan benefits or rights that are protected under Section&nbsp;411(d)(6) of the Code unless such protected benefits or rights are preserved with respect to benefits accrued to the date of such amendment or
unless such reduction or elimination is otherwise permitted by the Internal Revenue Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.2 <U>Termination</U>. The
Board of Directors of the Company shall have the right and power at any time to terminate this Plan on behalf of all Employers, or to terminate this Plan as it applies to the Participants who are or were employees of any particular Employer, by
giving written notice of such termination to the Committee and Trustee. Any provision of this Plan to the contrary notwithstanding, upon the termination or partial termination of the Plan as to any Employer, or in the event any Employer should
completely discontinue making contributions to the Plan without formally terminating it, all amounts credited to the Accounts of the affected Participants of that particular Employer shall be fully vested. Distributions made upon termination of the
Plan shall comply with the requirements of Treasury Regulations section <FONT STYLE="white-space:nowrap">1.401(k)-1(d)(4)(i).</FONT> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-27- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE IX. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap">TOP-HEAVY</FONT> PROVISIONS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.1 <U><FONT STYLE="white-space:nowrap">Top-Heavy</FONT> Definitions</U>. Unless the context clearly indicates otherwise, when
used in this Article: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <FONT STYLE="white-space:nowrap">&#147;Top-Heavy</FONT> Plan&#148; means this Plan if, as of the
Determination Date, the aggregate of the Accounts of Key Employees under the Plan exceeds 60% of the aggregate of the Accounts of all Participants and former Participants under the Plan. The aggregate of the Accounts of any Participant or former
Participant shall include any distributions (other than related rollovers or transfers from the Plan within the meaning of regulations under Section&nbsp;416(g) of the Code) made from such individual&#146;s Accounts during the Plan Year (or in the
case of distributions made for any reason other than severance from employment, death or disability, during the Plan Year or any of the four preceding Plan Years), but shall not include any unrelated rollovers or transfers (within the meaning of
regulations under Section&nbsp;416(g) of the Code) made to such individual&#146;s Accounts after December&nbsp;31, 1983. The Accounts of any Participant or former Participant who (i)&nbsp;is not a Key Employee for the Plan Year in question but who
was a Key Employee in a prior Plan Year, or (ii)&nbsp;has not completed an Hour of Service during the <FONT STYLE="white-space:nowrap">one-year</FONT> period ending on the Determination Date, shall not be taken into account. The determination of
whether the Plan is a <FONT STYLE="white-space:nowrap">Top-Heavy</FONT> Plan shall be made after aggregating all other plans of an Employer and any Affiliated Company qualifying under Section&nbsp;401(a) of the Code in which a Key Employee
participates or participated at any time during the Plan Year containing the determination date or any of the four preceding Plan Years (regardless of whether the plan has terminated) or which enables such a plan to meet the requirements of
Section&nbsp;401(a)(4) or 410 of the Code, and after aggregating any other plan of an Employer or Affiliated Company, which is not already aggregated, if such aggregation group would continue to meet the requirements of Sections 401(a)(4) and 410 of
the Code and if such permissive aggregation thereby eliminates the <FONT STYLE="white-space:nowrap">top-heavy</FONT> status of any plan within such permissive aggregation group. The determination of whether this Plan is a <FONT
STYLE="white-space:nowrap">Top-Heavy</FONT> Plan shall be made in accordance with Section&nbsp;416(g) of the Code. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)
&#147;Determination Date&#148; means, for purposes of determining whether the Plan is a <FONT STYLE="white-space:nowrap">Top-Heavy</FONT> Plan for a particular Plan Year, the last day of the preceding Plan Year. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) &#147;Key Employee&#148; means any Employee or former Employee (including a beneficiary of such Employee or former
Employee) who at any time during the Plan Year is: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) an officer of the Employer who has Compensation for such Plan Year
greater than $130,000 (as adjusted pursuant to Section&nbsp;416(i)(1) of the Code to take into account any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cost-of-living</FONT></FONT> increase); </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) a person owning (or considered as owning within the meaning of Section&nbsp;318 of the Code) more than 5% of the
outstanding stock of an Employer or stock possessing more than 5% of the total combined voting power of all stock of an Employer; or </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-28- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(3) a person who has Compensation for such Plan Year from an Employer of
more than $150,000 and who would be described in paragraph (2)&nbsp;hereof if 1% were substituted for 5% in each place it appears in such paragraph. For the purposes of applying Section&nbsp;318 of the Code to this subsection (c), subparagraph
(C)&nbsp;of Section&nbsp;318(a)(2) of the Code shall be applied by substituting 5% for 50%. The rules of subsections (b), (c) and (m)&nbsp;of Section&nbsp;414 of the Code shall not apply for purposes of determining ownership in an Employer under
this subsection (c). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <FONT STYLE="white-space:nowrap">&#147;Non-Key</FONT> Employee&#148; means any Employee or former
Employee (including a beneficiary of such Employee or former Employee) who is not a Key Employee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;9.2 <U>Minimum
Contribution Requirement</U>. Any provision of this Plan to the contrary notwithstanding, if the Plan is a <FONT STYLE="white-space:nowrap">Top-Heavy</FONT> Plan for any Plan Year commencing after December&nbsp;31, 2014, then the Employers will
contribute to the Employer Matching Account of each <FONT STYLE="white-space:nowrap">Non-Key</FONT> Employee who is both eligible to participate and in the employ of an Employer on the last day of such Plan Year, an amount which, when added to the
total amount of Matching Contributions, Retirement Savings Contributions, Transition Contributions and forfeitures otherwise allocable under the Plan to such <FONT STYLE="white-space:nowrap">Non-Key</FONT> Employee for such year, shall equal the
lesser of (i) 3% of such <FONT STYLE="white-space:nowrap">Non-Key</FONT> Employee&#146;s Compensation for such year or (ii)&nbsp;the amount of 401(k) Contributions, Matching Contributions, Retirement Savings Contributions, Transition Contributions
and forfeitures (expressed as a percentage of Compensation) allocable under the Plan to the Key Employee for whom such percentage is the highest for the Plan Year after taking into account contributions under other defined contribution plans
maintained by the Employer in which a Key Employee is a participant (as well as any other plan of an Employer which enables such a plan to meet the requirements of Section&nbsp;401(a)(4) or 410 of the Code); provided, however, that no minimum
contribution shall be made for a <FONT STYLE="white-space:nowrap">Non-Key</FONT> Employee under this Section for any Plan Year if the Employer maintains another qualified plan under which a minimum benefit or contribution is being accrued or made
for such Plan Year for the <FONT STYLE="white-space:nowrap">Non-Key</FONT> Employee in accordance with Section&nbsp;416(c) of the Code. A <FONT STYLE="white-space:nowrap">Non-Key</FONT> Employee who is not a Participant, but for whom a contribution
is made pursuant to this Section, shall be accorded all of the rights and privileges of a Participant under the Plan except that no contributions (other than contributions pursuant to this Section) shall be made for or on behalf of such <FONT
STYLE="white-space:nowrap">Non-Key</FONT> Employee until he or she meets the eligibility and participation requirements of Article II. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE X. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">MISCELLANEOUS GENERAL
PROVISIONS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.1 <U>Spendthrift Provision</U>. No right or interest of any Participant or beneficiary under the Plan may be
assigned, transferred or alienated, in whole or in part, either directly or by operation of law, and no such right or interest shall be liable for or subject to any debt, obligation or liability of such Participant or beneficiary; provided, however,
that nothing herein shall prevent the payment of amounts from a Participant&#146;s Accounts under the Plan in accordance with the terms of a court order which the Committee has determined to be a qualified domestic relations order (as defined in
Section&nbsp;414(p) of the Code). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-29- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.2 <U>Claims Procedure</U>. If any person (hereinafter called the
&#147;Claimant&#148;) feels that he or she is being denied a benefit to which he or she is entitled under the Plan, such Claimant may file a written claim for said benefit with any member of the Committee. The Committee shall determine and notify
the Claimant as to whether he or she is entitled to such benefit within 90 days of the receipt of such claim (45 days in the case of a Permanent Disability claim). In the case of a claim other than a Permanent Disability claim, the time for
processing the claim may be extended for up to 90 days if special circumstances require an extension and the Committee or its designated representative furnishes the Claimant with a written notice of the extension within the initial <FONT
STYLE="white-space:nowrap">90-day.</FONT> In the case of a Permanent Disability claim, the time for processing the claim may be extended by 30 days if circumstances beyond the control of the Plan require an extension and the Committee or its
designated representative furnishes the Claimant with a written notice of the extension within the initial <FONT STYLE="white-space:nowrap">45-day</FONT> period, provided that the time for processing the claim may be extended for up to an additional
30 days if circumstances beyond the control of the Plan require an extension and the Committee or its designated representative furnishes the Claimant with a written notice of the second extension within the initial
<FONT STYLE="white-space:nowrap">30-day</FONT> extension period. The notification of benefit determination shall be in writing and, if denying the claim for benefit, shall set forth the specific reason or reasons for the denial, make specific
reference to the pertinent provisions of the Plan, and advise the Claimant that he or she may, within 60 days (180 days in the case of a Permanent Disability claim) of the receipt of such notice, in writing request the Committee to review such
denial. In connection with such request for review, the Claimant and/or his or her duly authorized representative may examine any relevant documents and submit evidence and arguments in writing to support the granting of the benefit being claimed.
The final decision of the Committee with respect to the claim being reviewed shall be made within 60 days (45 days in the case of a Permanent Disability claim) following the request for review, unless special circumstances require an extension of
the time for processing the claim, in which event the period for making the determination shall be extended up to an additional 60 days (45 days in the case of a Permanent Disability claim) if the Committee or its designated representative furnishes
the Claimant with a written notice of the extension within the initial period. The Committee shall in writing notify the Claimant of its final decision, again specifying the reasons therefor and the pertinent provisions of the Plan upon which such
decision is based. The final decision of the Committee shall be conclusive and binding upon all parties having or claiming to have an interest in the matter being reviewed. All claims shall be administered in accordance with the provisions of <FONT
STYLE="white-space:nowrap">Section&nbsp;2560.503-1</FONT> of the Department of Labor Regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.3 <U>Maximum
Contribution Limitation</U>. Any provision of this Plan to the contrary notwithstanding, the sum of (i)&nbsp;the Employer contributions, (ii)&nbsp;the forfeitures, and (iii)&nbsp;the Participant contributions (excluding rollover contributions and
employee contributions to a simplified employee pension allowable as a deduction, each within the meaning specified in Section&nbsp;415(c)(2) of the Code), allocated to a Participant with respect to a Plan Year shall in no event exceed the lesser of
$40,000 (as adjusted to take into account any <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">cost-of-living</FONT></FONT> increases authorized pursuant to Section&nbsp;415(d) of the Code) or 100% of such Participant&#146;s
Compensation for that year. For the purposes of applying the limitation imposed by this Section, each Employer and its Affiliated Companies shall be considered a single employer, and all defined contribution plans (meaning plans providing for
individual accounts and for benefits based solely upon the amounts contributed to such accounts and any forfeitures, income, expenses, gains and losses allocated to such accounts) described in Section&nbsp;415(k) of the Code, whether or not
terminated, maintained by an Employer or its Affiliated Companies shall be considered a single plan. Any amounts allocated to a Participant with respect to a Plan Year in excess of the limitation imposed by this Section shall be corrected in
accordance with the rules prescribed by the Internal Revenue Service for correcting plans under its Employee Plans Compliance Resolution System, as described in Revenue Procedure <FONT STYLE="white-space:nowrap">2013-12</FONT> or subsequent
guidance. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-30- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.4 <U>Employment Noncontractual</U>. The establishment of this Plan shall not
enlarge or otherwise affect the terms of any Employee&#146;s employment with an Employer and an Employer may terminate the employment of any Employee as freely and with the same effect as if this Plan had not been adopted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.5 <U>Limitations on Responsibility</U>. The Employers do not guarantee or indemnify the Trust against any loss or depreciation
of its assets which may occur, nor guarantee the payment of any amount which may become payable to a Participant or his or her beneficiaries pursuant to the provisions of this Plan. All payments to Participants and their beneficiaries shall be made
by the Trustee at the direction of the Committee solely from the assets of the Trust and the Employers shall have no legal obligation, responsibility or liability for any such payments. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.6 <U>Merger or Consolidation</U>. In no event shall this Plan be merged or consolidated into or with any other plan, nor shall
any of its assets or liabilities be transferred to any other plan, unless each Participant would be entitled to receive a benefit if the plan in which he or she then participates terminated immediately following such merger, consolidation or
transfer, which is equal to or greater than the benefit he or she would have been entitled to receive if the Plan had been terminated immediately prior to such merger, consolidation or transfer. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.7 <U>Applicable Law</U>. This Plan shall be governed and construed in accordance with the internal laws (and not the
principles relating to conflicts of laws) of the State of Texas except where superseded by federal law. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.8 <U>USERRA
Compliance</U>. Notwithstanding any provision of this Plan to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in accordance with Section&nbsp;414(u) of the Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.9 <U>HEART Act Compliance</U>. In the case of a Participant who dies on or after January&nbsp;1, 2007, while performing
qualified military service (as defined in Section&nbsp;414(u) of the Code), the survivors of the Participant shall be entitled to any additional benefits (other than benefit accruals relating to the period of qualified military service) that would
have been provided under the Plan had the Participant resumed employment and then terminated employment on account of death. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-31- </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, this restated Plan has been executed by the Company as of this 15th day
of December, 2014, to be effective as of January&nbsp;1, 2015. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD WIDTH="92%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">NOBLE ENERGY, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ David L. Stover</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Title: President&nbsp;&amp; Chief Executive Officer</TD></TR>
</TABLE></DIV>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AMENDMENT NO. 1 TO THE </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>NOBLE ENERGY, INC. 401(k) PLAN </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the provisions of Section&nbsp;8.1 thereof, the Noble Energy, Inc. 401(k) Plan, as amended and restated effective as of
January&nbsp;1, 2015 (the &#147;Plan&#148;), is hereby amended in the following respects only: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FIRST</U>: Effective as of
January&nbsp;1, 2016, Section&nbsp;1.1(w) of the Plan is hereby amended by restatement in its entirety to read as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(w) &#147;Period of Service&#148; means the sum, rounded downward to the nearest whole year, of each period of time commencing
with an Employee&#146;s Employment Date or Reemployment Date and ending on the first date thereafter a Period of Severance begins (except as provided in the &#147;Period of Severance&#148; definition below in the case of an Employee&#146;s maternity
or paternity leave of absence). Included in such sum to be credited to an Employee shall be each period of time during which the Employee is on an authorized leave of absence for reasons of vacation, sickness, layoff or another occasion designated
and applied by an Employer or Affiliated Company on a nondiscriminatory basis, but in no event exceeding one year in length. A Period of Service also includes any Period of Severance of less than 12 consecutive months. If an Employee who has no
Vested Interest incurs a One Year Break in Service, such Employee shall forfeit his or her prior Period of Service unless he or she completes an additional <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service before the number of his
or her consecutive One Year Breaks in Service equals five. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any provision of this Plan to the contrary notwithstanding, in
determining the Period of Service to be credited under the Plan (i)&nbsp;to a Participant who was first employed by an Employer during the <FONT STYLE="white-space:nowrap">12-month</FONT> period ending on October&nbsp;31, 1997, any employment of
such Participant by Energy Development Corporation during the <FONT STYLE="white-space:nowrap">60-month</FONT> period ending on October&nbsp;31, 1996, shall be deemed to be employment by an Employer, provided, however, that employment by Energy
Development Corporation shall not be taken into account for purposes of determining the right of such Participant to make <FONT STYLE="white-space:nowrap">in-service</FONT> withdrawals pursuant to Section&nbsp;6.7(a), (ii) to a Participant who was a
participant in the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan on April&nbsp;2, 2006, the number of years of such Participant&#146;s Period of Service as of December&nbsp;31, 2005, shall be equal to the number of
years of service for vesting purposes credited to such Participant under the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan as of December&nbsp;31, 2005, and for the 2006 Plan Year such Participant shall be credited with
a <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service if he or she either (A)&nbsp;completes a <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service under this Plan for the 2006 Plan Year, or (B)&nbsp;would have completed
a year of service for vesting purposes during the 2006 Plan Year under the provisions of the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan if the vesting service provisions of such plan applied to this Plan during the
2006 Plan Year, and (iii)&nbsp;to a Participant who was first employed by an Employer on January&nbsp;1, 2016, any prior employment of such Participant by Rosetta Resources Operating L.P. shall be deemed to be employment by an Employer. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SECOND</U>: Effective as of January&nbsp;1, 2016, Section&nbsp;1.1(bb) of the Plan is
hereby amended by restatement in its entirety to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(bb)
<FONT STYLE="white-space:nowrap">&#147;Pre-Tax</FONT> 401(k) Account&#148; means the account established and maintained under this Plan by the Committee to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;any
contributions made by an Employer on behalf of such Participant pursuant to Section&nbsp;3.1, other than 401(k) Contributions that are treated by an Employer as designated Roth contributions (within the meaning of Section&nbsp;402A of the Code),
(ii) any amounts credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan as in effect on December&nbsp;31, 2014, and (iii)&nbsp;any amounts credited to his or her account under the Rosetta Resources
Retirement Savings Plan that are transferred to this Plan and attributable to deferral contributions made to that plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>THIRD</U>:
Effective as of January&nbsp;1, 2016, Section&nbsp;1.1(ii) of the Plan is hereby amended by restatement in its entirety to read as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) &#147;Rollover Account&#148; means the account established and maintained under this Plan by the Committee to record a
Participant&#146;s interest under this Plan attributable to (i)&nbsp;any Rollover Property contributed by such Participant to this Plan pursuant to Section&nbsp;3.8, (ii) any amounts credited to his or her Rollover Account under the Previous Plan as
in effect on December&nbsp;31, 2014, and (iii)&nbsp;any amounts credited to his or her account under the Rosetta Resources Retirement Savings Plan that are transferred to this Plan and attributable to rollover contributions made to that plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FOURTH</U>: Effective as of January&nbsp;1, 2016, Section&nbsp;1.1 of the Plan is hereby amended by adding to the end thereof a new
subsection to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(tt) &#147;Prior Employer Matching Account&#148; means the account established and
maintained under this Plan by the Committee to record a Participant&#146;s interest under this Plan attributable to any amounts credited to his or her account under the Rosetta Resources Retirement Savings Plan that are transferred to this Plan and
attributable to matching employer contributions made to that plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FIFTH</U>: Effective as of January&nbsp;1, 2016, Section&nbsp;5.1
of the Plan is hereby amended by restatement in its entirety to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.1 <U>Fully Vested
Accounts</U>. The amounts credited to a Participant&#146;s <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account, Roth 401(k) Account, <FONT STYLE="white-space:nowrap">After-Tax</FONT> Account, Rollover Account, Roth Rollover Account,
Transition Account and Prior Employer Matching Account shall be fully vested at all times. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SIXTH</U>: Effective as of April&nbsp;1, 2015, Article V of the Plan is hereby amended by
adding to the end thereof a new Section to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.4 <U>Vesting upon Certain Events</U>. Unless
sooner vested pursuant to the foregoing provisions of this Article V, the amounts credited to the Employer Matching Account and Retirement Savings Account of a Participant in the employ of an Employer shall be fully vested upon either (i)&nbsp;the
Participant&#146;s separation from the employment of the Employer and its Affiliated Companies as part of a Designated Reduction in Force (as defined in the Noble Energy, Inc. Severance Benefit Plan or a successor plan) or (ii)&nbsp;a Change of
Control of Noble Energy, Inc. (as defined in the Noble Energy, Inc. Change of Control Severance Plan or a successor plan). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SEVENTH</U>: Effective as of January&nbsp;1, 2016, Section&nbsp;6.7 of the Plan is hereby amended by restatement in its entirety to read as
follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.7 <U><FONT STYLE="white-space:nowrap">In-Service</FONT> Withdrawals</U>. At any time while in the
employ of an Employer or Affiliated Company, a Participant may make: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) A withdrawal of all or a portion of the total
amount credited to his or her Employer Matching Account and/or <FONT STYLE="white-space:nowrap">After-Tax</FONT> Account if he or she has completed a five-year Period of Service; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) A withdrawal of all or a portion of the amount credited to his or her fully-vested Accounts if he or she has attained the
age of 59<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>/<SUB STYLE="font-size:85%; vertical-align:bottom">2</SUB>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) A withdrawal of all or a portion of the amount credited to his or her Rollover Account and/or Roth Rollover Account; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) A withdrawal that is a qualified reservist distribution (as defined in Section&nbsp;72(t)(2)(G)(iii) of the Code) of all or
a portion of any amount credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account that is attributable to deferral contributions made to the Rosetta Resources Retirement Savings Plan and transferred to this Plan; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) A hardship withdrawal of (i)&nbsp;such amount of 401(k) Contributions credited to his or her
<FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and/or Roth 401(k) Account under this Plan or <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan after December&nbsp;31, 1988, and (ii)&nbsp;such amount
credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan as of December&nbsp;31, 1988, as the Committee shall determine to be necessary to satisfy an immediate and heavy financial need of such
Participant; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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provided, however, that (i)&nbsp;no withdrawal may be made unless notice of such withdrawal is given by the withdrawing Participant to or in the manner directed by the Committee or its designee
within such period of time prior to the end of such month as the Committee may prescribe in its discretion, and (ii)&nbsp;no withdrawal may be made by a Participant to whom a loan from the Trust is then outstanding unless the Committee is satisfied
that such loan will remain nontaxable and fully secured by the withdrawing Participant&#146;s Vested Interest following such withdrawal. The Committee shall direct the Trustee to distribute any withdrawn amount to such Participant as soon as
practicable after the valuation and adjustment of accounts at the end of said month. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">A hardship withdrawal will be
considered to be made on account of an immediate and heavy financial need of a Participant only if the Committee determines that such withdrawal is on account of (i)&nbsp;expenses for (or necessary to obtain) medical care that would be deductible
under Section&nbsp;213(d) of the Code (determined without regard to whether the expenses exceed 7.5% of adjusted gross income), (ii) costs directly related to the purchase of a principal residence for such Participant (excluding mortgage payments),
(iii) payment of tuition, related educational fees, and room and board expenses, for up to the next 12 months of post-secondary education for such Participant or his or her spouse, children or dependents (as defined in Section&nbsp;152 of the Code,
but without regard to subsection (b)(1), (b)(2) and (d)(1)(B) thereof), (iv) payments necessary to prevent the eviction of such Participant from his or her principal residence or foreclosure on the mortgage of such residence, (v)&nbsp;payments for
burial or funeral expenses for such Participant&#146;s deceased parent, spouse, children or dependents (as defined in Section&nbsp;152 of the Code, but without regard to subsection (d)(1)(B) thereof), or (vi)&nbsp;expenses for the repair of damage
to such Participant&#146;s principal residence that would qualify for the casualty deduction under Section&nbsp;165 of the Code (determined without regard to whether the loss exceeds 10% of adjusted gross income). A hardship withdrawal will be
considered to be necessary to satisfy an immediate and heavy financial need of a Participant only if the Committee determines that (i)&nbsp;the amount of such withdrawal is not in excess of the amount of such need plus any amounts necessary to pay
any federal, state or local income taxes or penalties reasonably anticipated to result from the withdrawal, and (ii)&nbsp;such Participant has obtained all distributions and withdrawals, other than hardship withdrawals, and all nontaxable loans
currently available under all plans maintained by the Employers. Any provision of this Plan to the contrary notwithstanding, if a Participant makes a hardship withdrawal, no 401(k) Contributions shall be made on behalf of such Participant for six
months after receipt of such withdrawal. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, this Amendment has been executed by Noble Energy, Inc. on behalf of all
Employers this 22 day of December, 2015. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3">NOBLE ENERGY, INC.</TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ David L. Stover</P></TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">David L. Stover</TD></TR>
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<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">President&nbsp;&amp; Chief Executive Officer</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 2 TO THE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>NOBLE ENERGY, INC. 401(k) PLAN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the provisions of Section&nbsp;8.1 thereof, the Noble Energy, Inc. 401(k) Plan, as amended and restated effective as of
January&nbsp;1, 2015 (the &#147;Plan&#148;), is hereby amended in the following respects only: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FIRST</U>: Effective as of
January&nbsp;1, 2018, Section&nbsp;1.1(b) of the Plan is hereby amended, in its entirety, to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <FONT
STYLE="white-space:nowrap">&#147;After-Tax</FONT> Account&#148; means the account established and maintained under this Plan to record (i)&nbsp;a Participant&#146;s interest under this Plan attributable to amounts credited to his or her <FONT
STYLE="white-space:nowrap">After-Tax</FONT> Account under the Previous Plan as in effect on December&nbsp;31, 2014, and (ii)&nbsp;any amounts credited to his or her account under the Clayton Williams Energy, Inc. 401(k) Plan that are transferred to
this Plan and attributable to <FONT STYLE="white-space:nowrap">After-Tax</FONT> Contributions made to that plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SECOND</U>: Effective
as of January&nbsp;1, 2018, Section 1.1(t) of the Plan is hereby amended, in its entirety, to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(t) The
&#147;Normal Retirement Date&#148; of a Participant means the day such Participant attains the age of 65 years; provided, however, for any Participant who was a participant in the Clayton Williams Energy, Inc. 401(k) Plan on April&nbsp;24, 2017, the
Normal Retirement Date of such Participant means the day that such Participant attains the age of 59<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>THIRD</U>: Effective as of January&nbsp;1, 2018, Section&nbsp;1.1(w) of the Plan is hereby amended, in its entirety, to read as follows:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(w) &#147;Period of Service&#148; means the sum, rounded downward to the nearest whole year, of each period of time
commencing with an Employee&#146;s Employment Date or Reemployment Date, as applicable, and ending on the first date thereafter that a Period of Severance begins (except as provided in the &#147;Period of Severance&#148; definition below in the case
of an Employee&#146;s maternity or paternity leave of absence). Included in such sum to be credited to an Employee shall be each period of time during which the Employee is on an authorized leave of absence for reason of vacation, sickness, layoff
or another </P>
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occasion designated and applied by an Employer or Affiliated Company, but in no event exceeding one year in length. A Period of Service also includes any Period of Severance of less than 12
consecutive months. If an Employee who has no Vested Interest incurs a One Year Break in Service, such Employee shall forfeit his or her prior Period of Service unless he or she completes an additional
<FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service before the number of his or her consecutive One Year Breaks in Service equals five. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any provision of this Plan to the contrary notwithstanding, in determining the Period of Service to be credited under the Plan
(i)&nbsp;to a Participant who was first employed by an Employer during the <FONT STYLE="white-space:nowrap">12-month</FONT> period ending on October&nbsp;31, 1997, any employment of such Participant by Energy Development Corporation during the <FONT
STYLE="white-space:nowrap">60-month</FONT> period ending on October&nbsp;31, 1996, shall be deemed to be employment by an Employer; provided, however, that employment by Energy Development Corporation shall not be taken into account for purposes of
determining the right of such Participant to make <FONT STYLE="white-space:nowrap">in-service</FONT> withdrawals pursuant to Section&nbsp;6.7(a), (ii) to a Participant who was a participant in the Patina Oil&nbsp;&amp; Gas Corporation Profit
Sharing&nbsp;&amp; 401(k) Plan on April&nbsp;2, 2006, the number of years of such Participant&#146;s Period of Service as of December&nbsp;31, 2005, shall be equal to the number of years of service for vesting purposes credited to such Participant
under the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan as of December&nbsp;31, 2005 and, for the 2006 Plan Year, such Participant shall be credited with a <FONT STYLE="white-space:nowrap">one-year</FONT> Period of
Service if he or she either (A)&nbsp;completes a <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service under this Plan for the 2006 Plan Year or (B)&nbsp;would have completed a year of service for vesting purposes during the 2006 Plan
Year under the provisions of the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing&nbsp;&amp; 401(k) Plan if the vesting service provisions of such plan applied to this Plan during the 2006 Plan Year, (iii)&nbsp;to any Participant who was first
employed by an Employer on January&nbsp;1, 2016, any prior employment of such Participant by Rosetta Resources Operating L.P. shall be deemed to be employment by an Employer, (iv)&nbsp;to any Participant who was hired coincident with the formation
of that joint venture with Plains All American Pipeline, LP, any prior service with Blue Knight Energy Partners shall be deemed to be a Period of Service under this Plan, and (v)&nbsp;to any Participant who satisfied the eligibility requirements to
participate in the Clayton Williams Energy, Inc. 401(k) Plan on or before December&nbsp;31, 2017, any prior service credited under the Clayton Williams Energy, Inc. 401(k) Plan shall be deemed to be a Period of Service under this Plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FOURTH</U>: Effective as of January&nbsp;1, 2018, Section 1.1(bb) of the Plan is hereby amended, in its entirety, to read as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(bb) <FONT STYLE="white-space:nowrap">&#147;Pre-Tax</FONT> 401(k) Account&#148; means the account established and maintained
under this Plan to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;any contributions made by an Employer on behalf of such Participant pursuant to Section&nbsp;3.1, other than 401(k) Contributions that are treated by an
Employer as designated Roth contributions (within the meaning of Section&nbsp;402A of the Code), (ii) any amounts credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan as in effect on
December&nbsp;31, 2014, (iii) any amounts credited to his or her account under the Rosetta </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Resources Retirement Savings Plan that are transferred to this Plan and attributable to
elective deferral contributions made to that plan, and (iv)&nbsp;any amounts credited to his or her account under the Clayton Williams Energy, Inc. 401(k) Plan that are transferred to this Plan and attributable to any elective deferral contributions
that are not treated as designated Roth contributions made to that plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FIFTH</U>: Effective as of January&nbsp;1, 2018,
Section&nbsp;1.1(ii) of the Plan is hereby amended, in its entirety, to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) &#147;Rollover Account&#148;
means the account established and maintained under this Plan to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;any Rollover Property contributed by such Participant to this Plan pursuant to Section&nbsp;3.8, (ii) any
amounts credited to his or her Rollover Account under the Previous Plan as in effect on December&nbsp;31, 2014, (iii) any amounts credited to his or her account under the Rosetta Resources Retirement Savings Plan that are transferred to this Plan
and attributable to rollover contributions made to that plan, and (iv)&nbsp;any amounts credited to his or her account under the Clayton Williams Energy, Inc. 401(k) Plan that are transferred to this Plan and attributable to any rollover
contributions that are not separately accounted for as Roth rollover contributions made to that plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SIXTH</U>: Effective as of
January&nbsp;1, 2018, Section 1.1(kk) of the Plan is hereby amended, in its entirety, to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(kk) &#147;Roth
401(k) Account&#148; means the account established and maintained under this Plan to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;any contributions made by an Employer on behalf of such Participant pursuant to
Section&nbsp;3.1 that are treated by an Employer as designated Roth contributions (within the meaning of Section&nbsp;402A of the Code) and (ii)&nbsp;any amounts credited to his or her account under the Clayton Williams Energy, Inc. 401(k) Plan that
are transferred to this Plan and attributable to any elective deferral contributions that are treated as designated Roth contributions made to that plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SEVENTH</U>: Effective as of January&nbsp;1, 2018, Section&nbsp;1.1(11) of the Plan is hereby amended, in its entirety, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ll) &#147;Roth Rollover Account&#148; means the account established and maintained under this Plan to record a
Participant&#146;s interest under this Plan attributable to (i)&nbsp;Roth Rollover Property contributed by such Participant to this Plan pursuant to Section&nbsp;3.8, and (ii)&nbsp;any amounts credited to his or her account under the Clayton
Williams Energy, Inc. 401(k) Plan that are transferred to this Plan and attributable to rollover contributions that are separately accounted for as Roth rollover contributions under that plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>EIGHTH</U>: Effective as of January&nbsp;1, 2018, Section 1.1(tt) of the Plan is hereby
amended, in its entirety, as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(tt) &#147;Prior Employer Matching Account&#148; means the account established and
maintained under this Plan to record a Participant&#146;s interest under this Plan attributable to (i)&nbsp;any amounts credited to his or her account under the Rosetta Resources Retirement Savings Plan that are transferred to this Plan and
attributable to employer matching contributions made to that plan or (ii)&nbsp;any amounts credited to his or her account under the Clayton Williams Energy, Inc. 401(k) Plan that are transferred to this Plan and attributable to any employer matching
contributions made to that plan that are not safe harbor matching contributions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>NINTH</U>: Effective as of January&nbsp;1, 2018,
Section&nbsp;1.1 of the Plan is hereby amended by adding to the end thereof a new subsection (uu) to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(uu)
&#147;Safe Harbor Matching Account&#148; means the account established and maintained under this Plan to record a Participant&#146;s interest under this Plan attributable to any amounts credited to his or her account under the Clayton Williams
Energy, Inc. 401(k) Plan that are transferred to this Plan and attributable to matching employer contributions designated as &#147;ADP test safe harbor contributions&#148; made to that plan. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>TENTH</U>: Effective as of January&nbsp;1, 2018, Section&nbsp;1.1 of the Plan is hereby amended by adding to the end thereof a new
subsection (vv)&nbsp;to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(vv) &#147;Profit Sharing Contributions Account&#148; means the account
established and maintained under this Plan to record a Participant&#146;s interest under this Plan attributable to any amounts credited to his or her account under the Clayton Williams Energy, Inc. 401(k) Plan that are transferred to this Plan and
attributable to profit sharing contributions made to that plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>ELEVENTH</U>: Effective as of January&nbsp;1, 2018, Section&nbsp;5.1
of the Plan is hereby amended, in its entirety, to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;5.1 <U>Fully Vested Accounts</U>. The
amounts credited to a Participant&#146;s <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account, Roth 401(k) Account, <FONT STYLE="white-space:nowrap">After-Tax</FONT> Account, Rollover Account, Roth Rollover Account, Transition Account,
Prior Employer Matching Account, Profit Sharing Contributions Account, and Safe Harbor Matching Account shall be fully vested at all times. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>TWELFTH</U>: Effective as of January&nbsp;1, 2018, Section&nbsp;6.7 of the Plan is hereby
amended, in its entirety, to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.7 <U><FONT STYLE="white-space:nowrap">In-Service</FONT>
Withdrawals</U>. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) At any time while in the employ of an Employer or Affiliated Company, a Participant may make: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) A withdrawal of all or a portion of the amount credited to his or her Employer Matching Account and/or <FONT
STYLE="white-space:nowrap">After-Tax</FONT> Account if he or she has completed a five-year Period of Service; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) A
withdrawal of all or a portion of the amount credited to his or her fully-vested Accounts if he or she has attained the age of 59<SUP STYLE="vertical-align:top">1</SUP>&#8260;<SUB STYLE="vertical-align:bottom">2</SUB>; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) A withdrawal of all or a portion of the amount credited to his or her Rollover Account and/or Roth Rollover Account; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) A withdrawal that is a qualified reservist distribution (as defined in Section&nbsp;72(t)(2)(G)(iii) of the Code) of all
or a portion of any amount credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account that is attributable to deferral contributions made to the Rosetta Resources Retirement Savings Plan or to the Clayton Williams Energy,
Inc. 401(k) Plan and transferred to this Plan; or </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) A hardship withdrawal of (i)&nbsp;such amount of 401(k)
Contributions credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and/or Roth 401(k) Account under this Plan, or to the <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan, after
December&nbsp;31, 1988, and (ii)&nbsp;such amount credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan as of December&nbsp;31, 1988, as the Committee shall determine to be necessary to satisfy an
immediate and heavy financial need of such Participant in accordance with applicable requirements under the Code. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Notwithstanding the
foregoing provisions of this Section&nbsp;6.7, (i) no withdrawal may be made unless written notice of such withdrawal is given by the withdrawing Participant in the manner directed by the Committee (or its designee) within such time period prior to
the end of such month as the Committee (or its designee) may prescribe in its discretion, and (ii)&nbsp;no withdrawal may be made by a Participant to whom a loan from the Plan is then outstanding unless the Committee is satisfied that such loan will
remain nontaxable and fully secured by the withdrawing Participant&#146;s Vested Interest following such withdrawal. The Committee shall direct the Trustee to distribute any permitted withdrawal amount to the Participant as soon as administratively
practicable after the valuation and adjustment of accounts at the end of said month. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) A hardship withdrawal will be considered to be made on account of an
immediate and heavy financial need of a Participant only if the Committee determines that such withdrawal is on account of (i)&nbsp;expenses for (or necessary to obtain) medical care that would be deductible under Section&nbsp;213(d) of the Code
(determined without regard to whether the expenses exceed 7.5% of adjusted gross income), (ii) costs directly related to the purchase of a principal residence for such Participant (excluding mortgage payments), (iii) payment of tuition, related
educational fees, and room and board expenses, for up to the next 12 months of post-secondary education for such Participant or his or her spouse, children or dependents (as defined in Section&nbsp;152 of the Code, but without regard to subsection
(b)(1), (b)(2) and (d)(1)(B) thereof), (iv) payments necessary to prevent the eviction of such Participant from his or her principal residence or foreclosure on the mortgage of such residence, (v)&nbsp;payments for burial or funeral expenses for
such Participant&#146;s deceased parent, spouse, children or dependents (as defined in Section&nbsp;152 of the Code, but without regard to subsection (d)(1)(B) thereof), or (vi) expenses for the repair of damage to such Participant&#146;s principal
residence that would qualify for the casualty deduction under Section&nbsp;165 of the Code (determined without regard to whether the loss exceeds 10% of adjusted gross income). A hardship withdrawal will be considered to be necessary to satisfy an
immediate and heavy financial need of a Participant only if the Committee determines that (i)&nbsp;the amount of such withdrawal is not in excess of the amount of such need plus any amounts necessary to pay any federal, state or local income taxes
or penalties reasonably anticipated to result from the withdrawal, and (ii)&nbsp;such Participant has obtained all distributions and withdrawals, other than hardship withdrawals, and all nontaxable loans currently available under all plans
maintained by the Employers. Any provision of this Plan to the contrary notwithstanding, if a Participant makes a hardship withdrawal, no 401(k) Contributions shall be made on behalf of such Participant for six (6)&nbsp;months after receipt of such
withdrawal. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) If a Participant performs service in the uniformed services of the United States (as defined in Code
Section&nbsp;414(u)(12)(B)) on active duty for a period of more than 30 days, the Participant will be deemed to have a severance from employment solely for purposes of eligibility for distribution of any amounts allocated to his <FONT
STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and/or Roth 40(k) Account that were transferred from the Clayton Williams Energy 401(k) Plan. The Plan will not distribute such amounts on account of this deemed severance unless the
Participant specifically elects to receive a benefit distribution hereunder. If a Participant elects to receive a distribution on account of this deemed severance, then the Participant may not make <FONT STYLE="white-space:nowrap">Pre-Tax</FONT>
401(k) Contributions or Roth 401(k) Contributions during the six (6)&nbsp;month period beginning on the date of the distribution. If a Participant is eligible to receive a distribution of any amounts allocated to his or her <FONT
STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and/or Roth 401(k) Account that were transferred from the Clayton Williams Energy 401(k) Plan under both this Section&nbsp;6.7(c) and under Section&nbsp;6.7(a)(iv), then the distribution will
be deemed to be a qualified reservist distribution under Section&nbsp;6.7(a)(iv). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>THIRTEENTH</U>: Effective as of January&nbsp;1,
2018, Section&nbsp;6.9 of the Plan is hereby amended, to add the phrase &#147;or the Clayton Williams Energy 401(k) Plan on December&nbsp;31, 2017,&#148; immediately following the phrase &#147;the Patina Oil&nbsp;&amp; Gas Corporation Profit Sharing
&amp; 401(k) Plan on March&nbsp;26, 2006,&#148; where such phrase appears therein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, this Amendment has been approved and executed by and on behalf of Noble
Energy, Inc., and on behalf of all other Employers, on this <U>20</U> day of December 2017, to be effective as stated herein. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3">NOBLE ENERGY, INC.</TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ David L. Stover</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">David L. Stover</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">President&nbsp;&amp; Chief Executive Officer</TD></TR>
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 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><I>Execution Copy</I> </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 3 TO THE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>NOBLE ENERGY, INC. 401(k) PLAN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the provisions of Section&nbsp;8.1 thereof, the Noble Energy, Inc. 401(k) Plan, as amended and restated effective as of
January&nbsp;1, 2015 (the <B>&#147;Plan&#148;)</B>,<B> </B>is hereby amended in the following respects only: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Credit Prior Vesting
for Participants Reemployed After a Break in Service </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FIRST</U>: Effective as of January&nbsp;1, 2019, the definition of
&#147;Period of Service&#148; in Section&nbsp;1.1 (w) of the Plan is hereby amended to remove the following sentence where it appears therein: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">If an Employee who has no Vested Interest incurs a One Year Break in Service, such Employee shall forfeit his or her prior
Period of Service unless he or she completes an additional <FONT STYLE="white-space:nowrap">one-year</FONT> Period of Service before the number of his or her consecutive One Year Breaks in Service equals five. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Permit Employer Match on <FONT STYLE="white-space:nowrap">Catch-up</FONT> Contributions </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SECOND</U>: Effective as of January&nbsp;1, 2019, Section&nbsp;3.2 of the Plan is hereby amended and restated in its entirety as follows:
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;3.2 Matching Contributions. In addition to the contributions made pursuant to Section&nbsp;3.1: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) for each pay period commencing after December&nbsp;31, 2014, an Employer shall make a Matching Contribution to the Plan for
each Participant in an amount equal to 100% of the portion of the 401(k) Contribution (including any <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions) made by such Employer on behalf of such Participant for such period which does not
exceed 6% of his or her Basic Compensation for such period; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) for each Plan Year commencing after
December&nbsp;31,2014, an Employer shall make a Matching Contribution to the Plan for each Participant in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company on the last day of such Plan Year, or whose
Retirement, Permanent Disability or death occurred during that year while in the employ of (or on authorized leave of absence from) an Employer or Affiliated Company, in an amount which, when added to the Matching Contributions made for such
Participant pursuant to subsection (a)&nbsp;of this Section for such Plan Year, equals 100% of the portion of the 401(k) Contributions (including any <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions) made by the Employers on behalf of
such Participant for such Plan Year which does not exceed 6% of his or her Basic Compensation for such Plan Year while eligible to have 401(k) Contributions (including any <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions) made to the
Plan. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>THIRD</U>: Effective as of January&nbsp;1, 2019, Section&nbsp;3.9 of the Plan is hereby
amended to remove the following sentence where it appears therein: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">No Matching Contributions shall be made with respect
to <FONT STYLE="white-space:nowrap">catch-up</FONT> contributions. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Provide for Automatic Distribution to an IRA for Balances Not
More than $5,000 </U></B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FOURTH</U>: Effective as of April&nbsp;1, 2019, Section&nbsp;6.3 of the Plan is hereby amended and restated,
in its entirety, as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.3 <U>Distribution of Retirement and Disability Benefits</U>. Upon the
Retirement or Permanent Disability of a Participant, the Vested Interest of such Participant shall be distributed by the Trustee at the direction of the Committee to such Participant in a single distribution; provided, however, that no such
distribution shall be made to a Participant prior to his or her attainment of age 65 unless (i)&nbsp;such Participant elects to receive such distribution, or (ii)&nbsp;the value of such distribution is not more than $5,000. If the value of such
distribution is not more than $5,000, it shall be distributed in accordance with Section&nbsp;6.14. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>FIFTH</U>: Effective as of
April&nbsp;1, 2019, Section&nbsp;6.5 of the Plan is hereby amended and restated, in its entirety, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.5 <U>Distribution of Separation from Employment Benefit</U>. If a Participant separates from the employment of
an Employer or Affiliated Company for any reason other than his or her Retirement, Permanent Disability, death or transfer to the employment of another Employer or Affiliated Company, the Accounts of such Participant shall be retained in Trust and
shall continue to be credited with applicable earnings as provided in Section&nbsp;6.1, and the Vested Interest of such Participant shall be distributed to him or her by the Trustee at the direction of the Committee by payment of the entire amount
in a single lump sum distribution as soon as practicable after such Participant&#146;s Normal Retirement Date (or, if the Participant dies prior to such date, the Vested Interest of such Participant shall be distributed upon his or her death in
accordance with Section&nbsp;6.4); provided, however, that (i)&nbsp;each such Participant shall have the right to elect (on a form prescribed by the Committee for such purpose) to receive a <FONT STYLE="white-space:nowrap">cash-out</FONT>
distribution of his or her Vested Interest as soon as administratively practicable and (ii)&nbsp;the Committee shall require a distribution of any such Participant&#146;s Vested Interest that does not exceed $5,000 in accordance with
Section&nbsp;6.14. Any provision of this Plan to the contrary notwithstanding, for purposes of distributing an amount credited to a Participant&#146;s <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account or Roth 401(k) Account, a
Participant shall not be treated as having separated from the employment of an Employer or Affiliated Company prior to the time that such amount can be distributed from the Plan to such Participant without violating Section&nbsp;401(k) of the Code.
</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SIXTH</U>: Effective as of April&nbsp;1, 2019, Article 6 of the Plan is hereby amended to
add the following new Section&nbsp;6.14 at the end thereof: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.14 <U>Distribution of Small Benefits</U>. If a
Participant&#146;s Vested Interest does not exceed $5,000, distribution of the Participant&#146;s Vested Interest shall be made as soon as administratively practicable following the Participant&#146;s separation from employment from all Employers
and Affiliated Companies (including any separation due to Retirement, Permanent Disability, or death) as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) If a
Participant&#146;s Vested Interest does not exceed $1,000, then the Plan will distribute the Vested Interest as a lump sum cash payment to the Participant. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) If a Participant&#146;s Vested Interest exceeds $1,000 but does not exceed $5,000, then the Plan will distribute the Vested
Interest in a direct rollover to an individual retirement account (or Roth IRA with respect to the Participant&#146;s Vested Interest in his or her Roth 401(k) Account and Roth Rollover Account) as designated by the Committee, unless the Participant
elects either to (i)&nbsp;have such distribution directly transferred to an eligible retirement plan specified by the Participant in a direct rollover, or (ii)&nbsp;to receive the distribution directly as a lump sum cash distribution. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Amend for Changes in Law Governing Hardship Withdrawals</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>SEVENTH</U>: Effective as of January&nbsp;1, 2019, Section&nbsp;6.7(a)(v) of the Plan is hereby amended and restated, in its entirety, as
follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) A hardship withdrawal of (i)&nbsp;such amount of 401(k) Contributions credited to his or her <FONT
STYLE="white-space:nowrap">Pre-Tax</FONT> 401(k) Account and/or Roth 401(k) Account under the Plan, and the earnings thereon, or to the <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan, after December&nbsp;31, 1988,
and (ii)&nbsp;such amount credited to his or her <FONT STYLE="white-space:nowrap">Pre-Tax</FONT> Account under the Previous Plan as of December&nbsp;31, 1988, as the Committee shall determine to be necessary or appropriate to satisfy an immediate
and heavy financial need of such Participant in accordance with applicable requirements under the Code. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>EIGHTH</U>: Effective as of
January&nbsp;1, 2019, the last two sentences of Section&nbsp;6.7(b) of the Plan are hereby replaced, in their entirety with the following new sentence, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">A hardship withdrawal will be considered to be necessary to satisfy an immediate and heavy financial need of a Participant only
if the Committee determines that (i)&nbsp;the amount of such withdrawal is not in excess of the amount of such need plus any additional amount necessary to pay any federal, state or local income taxes or penalties reasonably anticipated to result
from the withdrawal, and (ii)&nbsp;such Participant has obtained all distributions and withdrawals, other than hardship withdrawals, which are available under the Plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Timing of Death Distributions </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>NINTH</U>: Effective as of January&nbsp;1, 2019, the first sentence of Section&nbsp;6.2 of the Plan is hereby amended and restated, in its
entirety, as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Distribution to a Participant under this Article shall be made no later than 60 days after the end
of the Plan Year during which such Participant becomes entitled to distribution pursuant to this Article. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>TENTH</U>: Effective as of
January&nbsp;1, 2019, Section&nbsp;6.4 of the Plan is hereby amended and restated, in its entirety, as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;6.4 <U>Distribution of Death Benefit</U>. Upon the death of a Participant, the Vested Interest of such Participant
shall be distributed by the Trustee at the direction of the Committee in a single distribution to such Participant&#146;s beneficiary or beneficiaries determined in accordance with this Section. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) <I>Spousal Consent Requirement.</I> Any amount payable under the Plan upon the death of a married Participant shall be
distributed to the surviving spouse of such Participant unless such Participant designates otherwise with the written consent of his or her spouse on a form prescribed by the Committee which is witnessed by a member of the Committee or a notary
public. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Designated Beneficiary.</I> Any amount payable under the Plan upon the death of a Participant who is not
married, or who is married but has validly designated a beneficiary other than his or her spouse in accordance with the spousal consent requirements described in paragraph (a)&nbsp;above, shall be distributed to the beneficiary or beneficiaries
designated by such Participant. Such designation of beneficiary or beneficiaries shall be made in writing on a form prescribed by the Committee and, when filed with or as otherwise directed by the Committee, shall become effective and remain in
effect until changed by the Participant by the filing of a new beneficiary designation form with or as otherwise directed by the Committee. In the case of a Participant for whom assets are transferred to this Plan from another plan, the
Participant&#146;s beneficiary designation under the transferring plan shall serve as the Participant&#146;s beneficiary designation for the purposes of this Plan until superseded by a subsequent beneficiary designation made in accordance with the
provisions of this Section. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <I>Default Beneficiary.</I> If an unmarried Participant fails to designate a beneficiary,
or in the event all of a Participant&#146;s designated beneficiaries are individuals who predecease such Participant, then the Committee shall direct the Trustee to distribute the amount payable under the Plan to such Participant&#146;s surviving
spouse, if any, but if none, to such Participant&#146;s estate. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <I>Disclaimer.</I> Any provision of this Plan to the
contrary notwithstanding and to the extent permitted by applicable law, the Committee may, in its discretion and on a uniform and nondiscriminatory basis, accept a qualified disclaimer that meets the requirements of Section&nbsp;2518(b) of the Code
and includes such other provisions as the Committee may require from the disclaimant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">4 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <I>Timing.</I> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) If the Participant dies before his &#147;required beginning date&#148;, as such term is defined in Code
Section&nbsp;401(a)(9)(C), the lump sum distribution to a beneficiary under this Section shall be made no later than the December&nbsp;31 of the calendar year which contains the fifth anniversary of the date of the Participant&#146;s death. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) If the Participant dies after his &#147;required beginning date&#148;, as such term is defined in Code
Section&nbsp;401(a)(9)(C), and had already received at least the minimum amount required to be distributed under Code Section&nbsp;401(a)(9) for the year of his death, the lump sum distribution to a beneficiary under this Section shall be made no
later than December&nbsp;31 of the year next following the year in which the Participant died. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) If the Participant
dies after his &#147;required beginning date&#148;, as such term is defined in Code Section&nbsp;401(a)(9)(C), and had not received at least the minimum amount required to be distributed under Code Section&nbsp;401(a)(9) for the year of his death,
the beneficiary will receive the required minimum distribution amount for the year of the Participant&#146;s death by no later than December&nbsp;31 of such year, and will receive a lump sum distribution of the remainder no later than
December&nbsp;31 of the year next following the year in which the Participant died. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Amendment Provisions </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>ELEVENTH</U>: Effective as of January&nbsp;1, 2019, Section&nbsp;8.1 of the Plan is hereby amended and restated in its entirety, to read as
follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;8.1 <U>Amendment</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The Board of Directors of the Company (the &#147;<U>Board</U>&#148;) shall have the right and power at any time, and from
time to time, to amend this Plan, in whole or in part, in its discretion and on behalf of all Employers. Any such amendment made by the Board shall be made by or pursuant to a resolution duly adopted by the Board and shall be evidenced by such
resolution or by a written instrument executed by such person as the Board shall authorize for such purpose. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The
Compensation Committee of the Board (the <U>&#147;Compensation Committee</U>&#148;) shall have the right and power at any time, and from time to time, to amend the provisions of Sections 3.2, 3.3 and 3.10, in its discretion, to provide for such
Contributions as the Compensation Committee may deem to be appropriate for the purposes of the Plan. Any such amendment made by the Compensation Committee shall be made by or pursuant to a resolution duly adopted by the Compensation Committee and
shall be evidenced by such resolution or by a written instrument executed by such person as the Compensation Committee shall authorize for such purpose. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">5 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The Chief Executive Officer of the Company (the <U>&#147;CEO</U>&#148;)
and the lead executive of the Company&#146;s Human Resources Department (the <U>&#147;HR Executive</U>&#148;) acting together, shall have the right and power at any time and from time to time to adopt on behalf of all Employers: (i)&nbsp;any
amendment, the adoption of which is a condition for reliance upon a favorable determination letter or a compliance statement issued by the Internal Revenue Service; (ii)&nbsp;any amendment that is required to be adopted for the Plan to satisfy the
tax qualification requirements of the Code; (iii)&nbsp;any amendment that is required to be adopted for the Plan to satisfy the requirements of ERISA or other applicable law; or (iv)&nbsp;any amendment that the CEO and HR Executive determine, in
good faith, will not increase or decrease the cost of any Employer&#146;s contributions to the Plan by more than one percent (1%). </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) With the consent of the Board and subject to such procedure as it may prescribe, the board of directors of each Employer
shall have the right and power at any-time, and from time to time, to amend this Plan, in whole or in part, with respect to the Plan&#146;s application to the Participants of the particular amending Employer and the assets held in the Trust for
their benefit, or to transfer such assets or any portion thereof to a new trust for the benefit of such Participants. However, in no event shall any amendment or new trust permit any portion of the trust fund to be used for or diverted to any
purpose other than the exclusive benefit of the Participants and their beneficiaries, nor shall any amendment or new trust reduce a Participant&#146;s Vested Interest under the Plan. The Company shall in writing notify the Committee of any amendment
to the Plan. No amendment shall be effective to the extent it eliminates or reduces any Plan benefits or rights that are protected under Section&nbsp;411(d)(6) of the Code, unless (i) such protected benefits or rights are preserved with respect to
benefits accrued to the date of such amendment or (ii)&nbsp;such reduction or elimination is otherwise permitted under the Code or by the Internal Revenue Service. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:7%; font-size:10pt; font-family:Times New Roman"><B><U>Update Claims Procedures for U.S. Dept. of Labor Disability Claims Regulations</U> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><U>TWELFTH</U>: Effective as of April&nbsp;1, 2018, Section&nbsp;10.2 of the Plan is hereby amended and restated in its
entirety, to read as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;10.2 <U>Claims Procedure</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>(a) Initial Claim for Benefits and Timing.</I> Each Claimant must submit his or her claim for benefits to the Committee in
such form as is provided or approved by such Committee. For purposes of these Claims Procedures, the term &#147;Claimant&#148; means a Participant, the Participant&#146;s authorized representative, or anyone else entitled to benefits under the Plan
(such as a beneficiary in the event of the Participant&#146;s death) who is making a claim for benefits under the Plan. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">6 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">A Claimant shall have no right to seek review of a denial of benefits, or
to bring any action in any court to enforce a claim for benefits prior to his or her filing a claim and exhausting his or her rights under these procedures. When a claim for benefits has been filed properly, such claim shall be evaluated and the
Claimant shall be notified by the Committee (or its agent) of its approval or denial within a reasonable period of time but not later than ninety (90)&nbsp;days after the Committee&#146;s receipt of such claim unless special circumstances require an
extension of time for processing the claim. If such an extension of time is required, written notice of the extension shall be furnished to the Claimant by the Committee (or its agent) prior to the termination of the initial ninety (90)&nbsp;day
period which shall specify the special circumstances requiring an extension and the date by which a final decision is expected to be reached (which date shall not be later than one hundred and eighty (180)&nbsp;days after the date on which the claim
was received by the Committee). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) <I>Content of Denial Notice.</I> If a claim is denied, in whole or in part, the
Claimant shall be given written notice which shall contain (1)&nbsp;the specific reason(s) for the denial, (2)&nbsp;reference to the specific Plan provision(s) upon which the denial is based, (3)&nbsp;a description of any additional material or
information necessary for the Claimant to perfect the claim and an explanation of why such material or information is necessary, and (4)&nbsp;a description of the Plan&#146;s appeal procedure and its applicable time limits, as set forth herein,
including a statement of the Claimant&#146;s rights to bring a civil action under Section&nbsp;502(a) of ERISA following an adverse determination on appeal. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) <I>Appeal of Claim Denial.</I> The purpose of the review procedure set forth in this Section is to provide a procedure by
which a Claimant under the Plan may have a reasonable opportunity to appeal a denial of a claim for a full and fair review. If a claim is denied, in whole or in part (or if within the time periods prescribed in Section&nbsp;10.2(a) above the
Committee or its agent has not furnished the Claimant with a denial and the claim is therefore deemed denied), and if the Claimant wishes to appeal the denial, the Claimant must file a written request with the Committee within sixty (60)&nbsp;days
after the date on which the Claimant received written notification of the denial that the Committee conduct a full and fair review of the denial of the claim for benefits, which shall include a hearing if deemed necessary by the Committee. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) <I>Review Requirements.</I> The Claimant shall have the opportunity to submit written comments, documents, records, and
other information relevant to the Claimant&#146;s claim for benefits. The review shall take into account all such comments, documents, records, and other information submitted by the Claimant, without regard to whether such information was submitted
or considered in the initial benefit determination. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) <I>Decision on Review.</I> The decision on review of a denied
claim shall be made in the following manner: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">7 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) The decision on review shall be made and be communicated to the
Claimant within a reasonable period of time but not later than sixty (60)&nbsp;days after the Committee receives the request for review unless the Committee determines that special circumstances (such as the need to hold a hearing) require an
extension of time for processing the claim. If the Committee determines that an extension of time is required, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial sixty <FONT
STYLE="white-space:nowrap">(60)-day</FONT> period. In no event shall such extension exceed a period of sixty (60)&nbsp;days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of
time and the date by which the Plan expects to render the determination on review. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) The decision on review shall be
set forth in a manner calculated to be understood by the Claimant, shall be in writing (or electronically in conformance with ERISA), and shall include: the specific reason(s) for the decision, reference to the specific Plan provision(s) on which
the decision is based, a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant&#146;s claim for benefits (as
defined below), and a statement of the Claimant&#146;s right to bring an action under Section&nbsp;502(a) of ERISA. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii)
In the event that the decision on review is not furnished within the time period set forth in this Section, the claim shall be deemed denied on review. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">For purposes of these procedures, a document, record, or other information shall be considered &#147;relevant&#148; to a claim
if it: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) Was relied upon in making the benefit determination; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) Was submitted, considered, or generated in the course of making the benefit determination, without regard to whether it
was relied upon in making the benefit determination; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) Demonstrated compliance with the administrative processes and
safeguards designed to ensure and to verify that benefit determinations are made in accordance with Plan document and Plan provisions have been applied consistently with respect to all Claimants; or </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(D) Constituted a statement of policy or guidance with respect to the Plan concerning the denied benefit. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">8 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:9%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) <I>Disability Claims and Appeals.</I> In the event a claim or appeal for
benefits involves a determination of Disability, the following additional/different procedures apply. The following procedures are limited to claims where benefits are based on Disability and the Committee is determining whether the Claimant
satisfies the Plan&#146;s definition of Disability (e.g., where the Plan is not relying on an independent determination, such as qualifying for Social Security disability benefits or where the Claimant&#146;s eligibility for disability benefits is
determined under the Employer&#146;s long term disability program). These procedures will also apply to a rescission, which is a retroactive cancellation or termination of entitlement to disability benefits. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(i) The period during which a Claimant shall be notified of an initial claim approval or denial, as addressed in
Section&nbsp;10.2(e)(i) above, shall be forty-five (45)&nbsp;days (instead of ninety (90)&nbsp;days), and any necessary extension shall be limited to an additional thirty (30)&nbsp;days (instead of an additional ninety (90)&nbsp;days). An additional
thirty (30)&nbsp;day extension will be available provided that the Committee notifies the Claimant prior to the expiration of the first thirty (30)&nbsp;day extension of the circumstances requiring the extension and the date by which a decision is
expected to be rendered. In the case of either thirty (30)&nbsp;day extension under this paragraph, the extension must be determined by the Committee to be due to matters beyond the control of the Plan, and the notice of extension shall explain the
standards on which entitlement to the benefit is based, the unresolved issues that prevent a decision, and any additional information needed to resolve those issues. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(ii) For purposes of Section&nbsp;10.2(e)(i) above, forty-five (45)&nbsp;days will apply instead of (60)&nbsp;days. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iii) In the event of an adverse benefit determination, the Committee shall provide the Claimant with: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) a statement that the Claimant has the right to receive, upon request and free of charge, the entire claim file, including
reasonable access to, and copies of, all documents, records and other information relevant (as determined under 10.2(e) above) to the Claimant&#146;s claim for benefits; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) if the adverse benefit determination is based upon an internal rule, guideline, protocol, or other similar criterion, the
specific rule, guideline, protocol, or other similar criterion that was relied upon in making the adverse benefit determination; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) if the adverse benefit determination is not based upon an internal rule, guideline, protocol, or other similar criterion,
the notification shall contain a statement that no such rule guideline, protocol, or other similar criterion exists; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">9 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(D) if the adverse benefit determination is based upon a medical necessity
or experimental and/or investigational treatment or similar exclusion or limit, either (i)&nbsp;an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to the Claimant&#146;s medical circumstances,
or (ii)&nbsp;a statement that such explanation will be provided free of charge upon request; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(E) a discussion of the
decision, including an explanation of the basis for disagreeing with or not following one or more of the following: (i)&nbsp;the views of health care professionals treating the Claimant and vocational professionals who evaluated the Claimant that
were presented by the Claimant to the Plan, (ii)&nbsp;the views of medical or vocational experts whose advice was obtained on behalf of the Plan in connection with a Claimant&#146;s claim denial, without regard to whether the advice was relied upon
in making the benefit determination, and (iii)&nbsp;a Social Security Administration disability determination regarding the Claimant that was presented to the Plan by the Claimant. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(iv) With respect to any appeal of a denial of a claim, as addressed in Section&nbsp;10.2(c) above, a Claimant shall have one
hundred and eighty (180)&nbsp;days following the receipt of written notification of denial in which to appeal to the Committee (instead of sixty (60)&nbsp;days). Review of the appeal will not afford deference to the initial adverse benefit
determination, and will be conducted by an appropriate named fiduciary who is not the person who made the initial adverse benefit determination or a subordinate of such person. In the case of a rescission of coverage, the Claimant must request a
review within ninety (90)&nbsp;days of the notice. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) If the Committee considers, relies upon or creates any new or
additional evidence during the review of the adverse benefit determination, the Plan will provide such new or additional evidence to the Claimant, free of charge, as soon as possible and sufficiently in advance of the time within which a
determination on review is required to allow the Claimant time to respond. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) Before the Plan issues an adverse benefit
determination on appeal that is based on a new or additional rationale, the Claimant must be provided a copy of the rationale at no cost to the Claimant. The rationale must be provided as soon as possible and sufficiently in advance of the time
within which a final determination on appeal is required to allow the Claimant time to respond. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">10 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) In deciding an appeal of any adverse benefit determination that is
based in whole or in part on a medical judgment, the Committee shall consult with a health care professional with the appropriate training and expertise in the field of medicine involved in the medical judgment, and provide for the identification of
medical or vocational experts whose advice was obtained on behalf of the Plan. Any health care professional engaged for the purpose of the consultation referenced in the immediately preceding sentence shall not be a person who was consulted in
connection with the initial adverse benefit determination (or the subordinate of such person). </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:18%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(v) In the event of an
adverse benefit determination on appeal, the Committee shall provide the Claimant with: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(A) if the adverse benefit
determination on appeal is based upon an internal rule, guideline, protocol, or other similar criterion, the specific rule, guideline, protocol, or other similar criterion that was relied upon in making the adverse benefit determination on appeal;
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(B) if the adverse benefit determination on appeal is not based upon an internal rule, guideline, protocol, or other
similar criterion, the notification shall contain a statement that no such rule guideline, protocol, or other similar criterion exists; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(C) if the adverse benefit determination on appeal is based upon a medical necessity or experimental and/or investigational
treatment or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to the Claimant&#146;s medical circumstances, or a statement that such explanation will be
provided, free of charge, upon request; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(D) the following statement: &#147;You and your Plan may have other voluntary
alternative dispute resolution options, such as mediation. One way to find out what may be available is to contact your local U.S. Department of Labor office and your state insurance regulatory agency&#148;; and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:22%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(E) a discussion of the decision, including an explanation of the basis for disagreeing with or not following one or more of
the following: (i)&nbsp;the views of health care professionals treating the Claimant and vocational professionals who evaluated the Claimant that were presented by the Claimant to the Plan, (ii)&nbsp;the views of medical or vocational experts whose
advice was obtained on behalf of the Plan in connection with a Claimant&#146;s claim denial, without regard to whether the advice was relied upon in making the benefit determination, and (iii)&nbsp;a Social Security Administration disability
determination regarding the Claimant that was presented to the Plan by the Claimant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">11 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(g) <I>Condition to Filing Lawsuits.</I> If the Claimant decides to file a
lawsuit in court regarding a denial of a claim for benefits, the Claimant must file the suit no later than one hundred eighty (180)&nbsp;days after the Plan&#146;s final decision denying such claim. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(h) <I>Additional Provisions.</I> In the case of a claim for disability benefits, the Claimant is not required to file more
than two appeals of an adverse benefit determination prior to bringing a civil action under Section&nbsp;502(a) of ERISA. No mandatory arbitration of adverse benefit determinations will be conducted unless the arbitration is conducted as one of the
two appeals required to be filed before the Claimant may bring a civil action under ERISA. If such arbitration is conducted, the Claimant is not precluded from challenging the decision under Section&nbsp;502(a) of ERISA or other applicable law. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; text-indent:4%; font-size:10pt; font-family:Times New Roman">Note: All decisions made by the Plan Administrator and the Committee under the Plan, including determinations regarding
eligibility and benefits, will be final and conclusive on all Claimants, Participants, beneficiaries and other interested persons, subject only to the above claims and appeals procedures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><I>[Signature page follows.] </I></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">12 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">IN WITNESS WHEREOF, this Amendment has been confirmed, approved and executed, by and on
behalf of Noble Energy, Inc., and on behalf of all other Employers under the Plan, on this 20th day of December 2018, to be effective as stated herein. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3">NOBLE ENERGY, INC.</TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/David L. Stover</P></TD></TR>
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<TD VALIGN="top" COLSPAN="3">Name: David L. Stover</TD></TR>
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<TD VALIGN="top" COLSPAN="3">Title: President&nbsp;&amp; Chief Executive Officer</TD></TR>
</TABLE></DIV>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">13 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 4 TO THE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>NOBLE ENERGY, INC. 401(K) PLAN </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the provisions of Section&nbsp;8.1 thereof, the Noble Energy, Inc. 401(k) Plan, as amended and restated effective January&nbsp;1, 2015 (the
&#147;Plan&#148;), is hereby amended in the following respects only: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><U>FIRST</U>: The following sentence is hereby added to the end of Section&nbsp;4.2
of the Plan: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Notwithstanding any provision to the contrary, any Participant who terminates employment with Noble Energy, Inc. prior to the closing of the
transactions contemplated by that Agreement and Plan of Merger, dated as of July&nbsp;20, 2020, among Chevron Corporation, Chelsea Merger Sub Inc. and Noble Energy, Inc. (the &#147;Closing&#148;) may not transfer any investment into the Company
Stock investment option on or after Closing. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>IN WITNESS WHEREOF, </B>this Amendment No.&nbsp;4 has been confirmed, approved and executed by and on
behalf of Noble Energy, Inc., and on behalf of all other Employers under the Plan, on this 30th day of September, 2020, to be effective as stated herein. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top" COLSPAN="3">NOBLE ENERGY, INC.</TD></TR>
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<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/David L. Stover</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Name: David L. Stover</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Title: Chairman and Chief Executive Officer</TD></TR>
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