EX-12 2 anadarko_form10q-exhibit12.htm ANADARKO PETROLEUM FORM 10-Q 1ST QTR 2007 - EX. 12 Anadarko 1st Qtr 2007 Form 10-Q EXHIBIT 12

EXHIBIT 12

 

ANADARKO PETROLEUM CORPORATION
CONSOLIDATED STATEMENT OF COMPUTATION OF RATIOS OF
EARNINGS TO FIXED CHARGES AND EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

Three Months Ended March 31, 2007 and Five Years Ended December 31, 2006

 Three Months

 Ended

    March 31,

Years Ended December 31

millions except ratio amounts

   2007

   2006

   2005

   2004

   2003

  2002

Gross Income from

                                   

  Continuing Operations

$

545

$

4,893

$

3,611

$

2,458

$

1,850

$

1,219

Rentals

  

22

    

42

    

13

    

10

    

8

    

12

  

Undistributed (earnings) losses

                                    

  of equity investees

  

(15

)

  

(21

)

  

-

    

13

    

11

    

(2

)

Earnings

 

552

    

4,914

    

3,624

    

2,481

    

1,869

    

1,229

  

                                     

Gross Interest Expense

  

355

    

730

    

266

    

428

    

365

    

343

  

Rentals

  

22

    

42

    

13

    

10

    

8

    

12

  

Fixed Charges

$

377

  

$

772

  

$

279

  

$

438

  

$

373

  

$

355

  

                                     

Preferred Stock

                                   

  Dividends

  

3

    

5

    

8

    

8

    

9

    

9

  

                                     

Combined Fixed Charges

                                   

  and Preferred Stock

                                   

  Dividends

$

380

  

$

777

  

$

287

  

$

446

  

$

382

  

$

364

  

                                     

Ratio of Earnings to

                                   

  Fixed Charges

  

1.46

    

6.37

    

12.99

    

5.66

    

5.01

    

3.46

  

                                   

Ratio of Earnings to

                                    

  Combined Fixed Charges

                                   

  and Preferred Stock

                                   

  Dividends

    

1.45

    

6.32

    

12.63

    

5.56

    

4.89

    

3.38

  

These ratios were computed by dividing earnings by either fixed charges or combined fixed charges and preferred stock dividends. For this purpose, earnings include income before income taxes and fixed charges. Fixed charges include interest and amortization of debt expenses and the estimated interest component of rentals. Preferred stock dividends are adjusted to reflect the amount of pretax earnings required for payment.