EX-7 6 u10175exv7.htm EX-7 exv7
Exhibit 7
Computation of ratio of earnings to fixed charges (unaudited)
                                         
            $ million,  
    except ratios  
For the year ended 31 December   2010     2009     2008     2007     2006  
     
Profit (loss) before taxation
  (4,825 )   25,124       34,283       31,611       35,142  
 
                               
Group’s share of income in excess of dividends of equity-accounted entities
  (1,480 )   (898 )     (93 )     (1,359 )      
 
                               
Capitalized interest, net of amortization
  (42 )   64       56       (183 )     (341 )
 
                               
     
Profit (loss) as adjusted(a)
  (6,347 )   24,290       34,246       30,069       34,801  
     
 
                               
Fixed charges:
                               
 
                               
Interest expense
  701   718       1,157       1,110       718  
Rental expense representative of interest
  1,987   1,370       1,231       1,033       946  
Capitalized interest
  254   188       162       323       478  
     
 
  2,942   2,276       2,550       2,466       2,142  
     
 
                               
Total adjusted earnings (deficit) available for payment of fixed charges
  (3,405 )   26,566       36,796       32,535       36,943  
     
 
                               
Ratio of earnings to fixed charges
    11.7       14.4       13.2       17.2  
             
     
Deficiency(b) 
    (6,347 )                              
 
(a)   Includes a pre tax charge of $40,935 million related to Gulf of Mexico oil spill.
 
(b)   Adjusted earnings are inadequate to cover fixed charges.