Exhibit 7

Computation of ratio of earnings to fixed charges (unaudited)

	$ million, except ratios
	2014			2013			2012			2011			2010
Earnings available for fixed charges:
Pre-tax income (loss) from continuing operations before adjustment for income or loss from joint ventures and associates (a) (b)		1,578			27,032			14,196			32,545			(10,064	)
Fixed charges		2,924			3,021			2,971			2,808			2,944
Amortization of capitalized interest		327			226			145			44			212
Distributed income of joint ventures and associates		1,911			1,391			1,763			5,040			3,277
Interest capitalized		(185	)		(238	)		(390	)		(349	)		(254	)
Preference dividend requirements, gross of tax		(2	)		(2	)		(3	)		(3	)		(2	)
Income of non-controlling interests not incurring fixed charges		(2	)		—			—			—			(9	)
Total earnings available for fixed charges		6,551			31,430			18,682			40,085			(3,896	)
Fixed charges:
Interest expensed		840			844			844			802			701
Interest capitalized		185			238			390			349			254
Rental expense representative of interest		1,897			1,937			1,734			1,654			1,987
Preference dividend requirements, gross of tax		2			2			3			3			2
Total fixed charges		2,924			3,021			2,971			2,808			2,944
Ratio of earnings to fixed charges		2.2			10.4			6.3			14.3			—
Deficiency of earnings to fixed charges		—			—			—			—			(6,840	)

(a) 2014 includes a pre-tax charge of $819 million (2013 $469 million pre-tax charge, 2012 $5,014 million pre-tax charge, 2011 $3,742 million pre-tax credit and 2010 $40,935 million pre-tax charge) relating to the Gulf of Mexico oil spill.

(b) 2012 includes $709 million of dividends received from TNK-BP.

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