EX-12.1 7 a2176340zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Marathon Oil Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS—Unaudited
(Dollars in Millions)

 
   Year Ended December 31
 
   2006
   2005
   2004
   2003
   2002
Portion of rentals representing interest   $ 75   $ 62   $ 57   $ 63   $ 66

Capitalized interest, including discontinued operations
 
 
152
 
 
83
 
 
48
 
 
41
 
 
16

Other interest and fixed charges, including discontinued operations
 
 
147
 
 
240
 
 
279
 
 
270
 
 
316
   
 
 
 
 

Total fixed charges (A)
 
$
374
 
$
385
 
$
384
 
$
374
 
$
398
   
 
 
 
 

Earnings-pretax income with applicable adjustments (B)
 
$
9,014
 
$
4,557
 
$
2,905
 
$
2,421
 
$
1,446
   
 
 
 
 

Ratio of (B) to (A)
 
 
24.10
 
 
11.84
 
 
7.57
 
 
6.47
 
 
3.63
   
 
 
 
 



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Marathon Oil Corporation Computation of Ratio of Earnings to Fixed Charges TOTAL ENTERPRISE BASIS—Unaudited (Dollars in Millions)