EX-12.1 3 mro-2012930x10qxex121.htm EXHIBIT 12.1 MRO-2012.9.30-10Q-Ex.12.1


Exhibit 12.1


Marathon Oil Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited


 
 
Nine Months Ended
 
(In millions)
 
September 30,
 
 
 
 
 
 
 
 
 
 
2012
 
 
2011
 
 
 
 
 
 
 
 
Portion of rentals representing interest,
 
 
 
 
 
 
     including discontinued operations
 
 
$
17

 
 

$
45

 
 
 
 
 

 
 
 
 

 
Capitalized interest,
 
 
 

 
 
 
 

 
     including discontinued operations
 
 
52

 
 
 
186

 
 
 
 
 

 
 
 
 

 
Other interest and fixed  charges,
 
 
 

 
 
 
 

 
     including discontinued operations
 
 
172

 
 
 
186

 
 
 
 
 

 
 
 
 

 
Total fixed charges (A)
 
 
$
241

 
 
 
$
417

 
 
 
 
 

 
 
 
 

 
Earnings-pretax income with
 
 
 

 
 
 
 

 
     applicable adjustments (B)
 
 
$
4,705

 
 
 
$
3,422

 
 
 
 
 

 
 
 
 

 
Ratio of (B) to (A)
 
 
19.52

 
 
 
8.21