EX-12 2 d621298dex12.htm EX-12 EX-12

Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

 

     Millions of Dollars  
       Nine Months Ended
September 30		  
     2013     2012   
  

 

 

  

Earnings Available for Fixed Charges

     

Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges

    $ 11,844       11,749   

Distributions less than equity in earnings of affiliates

      (585 )      (408)   

Fixed charges, excluding capitalized interest*

      548       696   

 

  
   $ 11,807       12,037   

 

  

Fixed Charges

     

Interest and debt expense, excluding capitalized interest

    $ 420       589   

Capitalized interest

      538       449   

Interest portion of rental expense

      50       40   

 

  
   $ 1,008       1,078   

 

  

Ratio of Earnings to Fixed Charges

      11.7       11.2   

 

  

* Includes amortization of capitalized interest totaling approximately $78 million in 2013 and $67 million in 2012.