EX-12.1 5 mro-2013630x10qxex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES MRO-2013.6.30-10Q-Ex.12.1


Exhibit 12.1


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



 
 
Six Months Ended
 
(In millions)
 
June 30,
 
 
 
 
 
 
 
 
 
 
2013
 
 
2012
 
 
 
 
 
 
 
 
Portion of rentals representing interest,
 
 
 
 
 
 
     including discontinued operations
 
$
13

 
 
$
11

 
 
 
 

 
 
 

 
Capitalized interest,
 
 

 
 
 

 
     including discontinued operations
 
12

 
 
37

 
 
 
 

 
 
 

 
Other interest and fixed charges,
 
 

 
 
 

 
     including discontinued operations
 
150

 
 
111

 
 
 
 

 
 
 

 
Total fixed charges (A)
 
$
175

 
 
$
159

 
 
 
 

 
 
 

 
Earnings-pretax income with
 
 

 
 
 

 
     applicable adjustments (B)
 
$
3,085

 
 
$
2,920

 
 
 
 

 
 
 

 
Ratio of (B) to (A)
 
17.63

 
 
18.36