EX-12.2 16 dex122.txt EARNINGS TO FIXED CHARGES EXHIBIT 12.2 Marathon Oil Corporation Computation of Ratio of Earnings to Fixed Charges TOTAL ENTERPRISE BASIS--Unaudited Continuing Operations (Dollars in Millions)
Year Ended December 31 ------------------------------------------ 2001 2000 1999 1998 1997 ------ ------ ------ ------ ------ Portion of rentals representing interest.... $ 54 $ 52 $ 49 $ 53 $ 35 Capitalized interest, including discontinued operations................................. 27 19 26 46 31 Other interest and fixed charges, including discontinued operations.................... 349 375 365 318 352 ------ ------ ------ ------ ------ Total fixed charges (A)..................... $ 430 $ 446 $ 440 $ 417 $ 418 ====== ====== ====== ====== ====== Earnings-pretax income with applicable adjustments (B)................ $3,213 $1,809 $1,866 $1,087 $1,067 ====== ====== ====== ====== ====== Ratio of (B) to (A)......................... 7.47 4.06 4.24 2.60 2.55 ====== ====== ====== ====== ======