EX-12 3 exh12.htm RATIO OF EARNINGS
EXHIBIT 12


EOG RESOURCES, INC.
Computation of Ratio of Earnings to Fixed Charges
(In Thousands)
(Unaudited)


Year Ended December 31
  
2013
    
2012
    
2011
    
2010
    
2009
  
 
  
   
   
   
   
 
EARNINGS AVAILABLE FOR FIXED CHARGES:
  
   
   
   
   
 
Net Income
  
$
2,197,109
    
$
570,279
    
$
1,091,123
    
$
160,654
    
$
546,627
  
Less:
Capitalized Interest
    
(49,139
)
    
(49,702
)
    
(57,741
)
    
(76,300
)
    
(54,919
)
Add:
Fixed Charges
    
348,399
      
323,965
      
315,702
      
237,590
      
181,426
  
Income Tax Provision
    
1,239,777
      
710,461
      
818,676
      
247,322
      
325,384
  
TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES
  
$
3,736,146
    
$
1,555,003
    
$
2,167,760
    
$
569,266
    
$
998,518
  
 
                                        
 
                                        
FIXED CHARGES:
                                        
Interest Expense
  
$
226,721
    
$
205,789
    
$
197,572
    
$
125,073
    
$
97,751
  
Capitalized Interest
    
49,139
      
49,702
      
57,741
      
76,300
      
54,919
  
Capitalized Expense Related to Indebtedness
    
8,739
      
7,763
      
12,791
      
4,513
      
3,150
  
Rental Expense Representative of Interest Factor
    
63,800
      
60,711
      
47,598
      
31,704
      
25,606
  
TOTAL FIXED CHARGES
  
$
348,399
    
$
323,965
    
$
315,702
    
$
237,590
    
$
181,426
  
 
                                        
RATIO OF EARNINGS TO FIXED CHARGES
    
10.72
      
4.80
      
6.87
      
2.40
      
5.50