Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

	Millions of Dollars
	Years Ended December 31
	2014			2013			2012			2011			2010
Earnings Available for Fixed Charges
Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges	$	9,321			14,387			15,356			15,334			17,821
Distributions less than equity in earnings of affiliates		77	*		(822	)		(596	)		(131	)		(357)
Fixed charges, excluding capitalized interest**		901			787			1,127			1,160			1,440
	$	10,299			14,352			15,887			16,363			18,904
Fixed Charges
Interest and expense on indebtedness, excluding capitalized interest	$	648			612			749			972			1,187
Capitalized interest		488			667			615			489			471
Interest portion of rental expense		114			75			67			53			52
	$	1,250			1,354			1,431			1,514			1,710
Ratio of Earnings to Fixed Charges		8.2			10.6			11.1			10.8			11.1

* Includes a significant distribution from a Canadian joint venture.

** Includes amortization of capitalized interest totaling approximately $139 million in 2014, $101 million in 2013, $311 million in 2012, $135 million in 2011 and $201 million in 2010.