Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

	Millions of Dollars
	Years Ended December 31
	2017			2016			2015			2014			2013
Earnings Available for Fixed Charges
Income (loss) from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges	$	(2,677	)		(5,586	)		(7,296	)		9,321			14,387
Distributions received greater than equity losses (undistributed equity earnings)		(232	)		299			101			77	*		(822	)
Fixed charges, excluding capitalized interest**		1,338			1,546			1,192			901			787
	$	(1,571	)		(3,741	)		(6,003	)		10,299			14,352
Fixed Charges
Interest and expense on indebtedness, excluding capitalized interest	$	1,098			1,245			920			648			612
Capitalized interest		119			157			294			488			667
Interest portion of rental expense		64			129			70			114			75
	$	1,281			1,531			1,284			1,250			1,354
Ratio of Earnings to Fixed Charges***		—			—			—			8.2			10.6

    * Includes a significant distribution from a Canadian joint venture.

  ** Includes amortization of capitalized interest totaling approximately $176 million in 2017, $172 million in 2016, $202 million in 2015, $139 million in 2014, and $101 million in 2013.

*** Earnings for the years ended December 31, 2017, 2016, and 2015, were inadequate to cover fixed charges by $2,852 million, $5,272 million, and $7,287 million, respectively.