EX-12.1 17 dex121.htm COMPUTATION OF RATIO OF EARNINGS COMPUTATION OF RATIO OF EARNINGS

Exhibit 12.1

Marathon Oil Corporation

Computation of Ratio of Earnings to Fixed Charges

TOTAL ENTERPRISE BASIS - Unaudited

 

(In millions)

      Year Ended December 31,
          2009            2008            2007            2006            2005    

Portion of rentals representing interest

    $ 77    $ 89    $ 101    $ 75    $ 62

Capitalized interest, including discontinued operations

      441      326      214      152      83

Other interest and fixed charges, including discontinued operations

      160      153      135      147      240
                                  

Total fixed charges (A)

    $ 678    $ 568    $ 450    $ 374    $ 385
                                  

Earnings-pretax income with applicable adjustments (B)

    $ 3,816    $ 7,145    $ 6,761    $ 8,717    $ 4,739
                                  

Ratio of (B) to (A)

      5.63      12.58      15.02      23.31      12.31

 

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