EX-12 3 ex1220141231.htm EXHIBIT 12 EX 12 2014.12.31


EXHIBIT 12


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


Year Ended December 31
 
2014
 
2013
 
2012
 
2011
 
2010
 
 
 
 
 
 
 
 
 
 
 
EARNINGS AVAILABLE FOR FIXED CHARGES:
 
 
 
 
 
 
 
 
 
 
Net Income
$
2,915,487

$
2,197,109 
$
570,279 
$
1,091,123 
$
160,654 
Less:
Capitalized Interest
 
(57,170
)
 
(49,139)
 
(49,702)
 
(57,741)
 
(76,300)
Add:
Fixed Charges
 
337,762

 
348,399 
 
323,965 
 
315,702 
 
237,590 
Income Tax Provision
 
2,079,828

 
1,239,777 
 
710,461 
 
818,676 
 
247,322 
TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES
$
5,275,907

$
3,736,146 
$
1,555,003 
$
2,167,760 
$
569,266 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
 
 
 
Interest Expense
$
193,171

$
226,721 
$
205,789 
$
197,572 
$
125,073 
Capitalized Interest
 
57,170

 
49,139 
 
49,702 
 
57,741 
 
76,300 
Capitalized Expense Related to Indebtedness
 
8,287

 
8,739 
 
7,763 
 
12,791 
 
4,513 
Rental Expense Representative of Interest Factor
 
79,134

 
63,800 
 
60,711 
 
47,598 
 
31,704 
TOTAL FIXED CHARGES
$
337,762

$
348,399 
$
323,965 
$
315,702 
$
237,590 
 
 
 
 
 
 
 
 
 
 
 
RATIO OF EARNINGS TO FIXED CHARGES
 
15.62

 
10.72 
 
4.80 
 
6.87 
 
2.40