Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CONOCOPHILLIPS | Financial_Report.xls |
| 10-Q - FORM 10-Q - CONOCOPHILLIPS | h70192e10vq.htm |
| EX-18 - EX-18 - CONOCOPHILLIPS | h70192exv18.htm |
| EX-32 - EX-32 - CONOCOPHILLIPS | h70192exv32.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | h70192exv31w1.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | h70192exv31w2.htm |
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
| Three Months Ended | ||||||||
| March 31 | ||||||||
| 2010 | 2009 | ** | ||||||
Earnings Available for Fixed Charges |
||||||||
Income from continuing operations before income taxes
and noncontrolling interests that have not incurred fixed charges |
$ | 3,977 | 1,981 | |||||
Distributions less than equity in earnings of affiliates |
(503 | ) | (282 | ) | ||||
Fixed charges, excluding capitalized interest* |
409 | 411 | ||||||
| $ | 3,883 | 2,110 | ||||||
Fixed Charges |
||||||||
Interest and debt expense, excluding capitalized interest |
$ | 302 | 310 | |||||
Capitalized interest |
119 | 118 | ||||||
Interest portion of rental expense |
51 | 52 | ||||||
| $ | 472 | 480 | ||||||
Ratio of Earnings to Fixed Charges |
8.2 | 4.4 | ||||||
*Includes amortization of capitalized interest totaling approximately $56 million in 2010 and $49 million in 2009.
**Recast to reflect a change in accounting principle. See Note 2—Changes in Accounting Principles in the company’s Quarterly Report on Form 10-Q for the period ended March 31, 2010, for more information.