EX-12.1 12 mro-20121231x10kxex121.htm EXHIBIT 12.1 MRO-2012.12.31-10K-Ex.12.1


Exhibit 12.1

Marathon Oil Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited
 
 
 
 
 
 
 
 
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
2012
 
2011
 
2010
 
2009
 
2008
 
 
 
 
 
 
 
 
 
 
Portion of rentals representing interest,
$
24

 
$
51

 
$
88

 
$
77

 
$
89

     including discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capitalized interest,
 
 
 
 
 
 
 
 
 
     including discontinued operations
68

 
208

 
410

 
441

 
326

 
 
 
 
 
 
 
 
 
 
Other interest and fixed charges,
 
 
 
 
 
 
 
 
 
     including discontinued operations
236

 
239

 
105

 
160

 
153

 
 
 
 
 
 
 
 
 
 
Total fixed charges (A)
$
328

 
$
498

 
$
603

 
$
678

 
$
568

 
 
 
 
 
 
 
 
 
 
Earnings-pretax income with applicable adjustments (B)
$
6,432

 
$
4,707

 
$
4,422

 
$
3,112

 
$
5,181

 
 
 
 
 
 
 
 
 
 
Ratio of (B) to (A)
19.61

 
9.45

 
7.33

 
4.59

 
9.12