Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - EOG RESOURCES INC | d407634d8k.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - EOG RESOURCES INC | d407634dex11.htm |
| EX-5.1 - OPINION OF AKIN, GUMP, STRAUSS, HAUER & FELD, L.L.P. - EOG RESOURCES INC | d407634dex51.htm |
Exhibit 12.1
EOG RESOURCES, INC.
Computation of Ratio of Earnings to Fixed Charges and
to Combined Fixed Charges and Preferred Stock Dividends
(In Thousands)
(Unaudited)
| Six Months Ended June 30, |
Year Ended December 31, | |||||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
| EARNINGS AVAILABLE FOR FIXED CHARGES: |
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| Net Income |
$ | 719,787 | $ | 1,091,123 | $ | 160,654 | $ | 546,627 | $ | 2,436,919 | $ | 1,089,918 | ||||||||||||
| Less: Capitalized Interest Expense |
(23,970 | ) | (57,741 | ) | (76,300 | ) | (54,919 | ) | (42,628 | ) | (29,324 | ) | ||||||||||||
| Add: Fixed Charges |
155,616 | 315,702 | 237,590 | 181,426 | 117,568 | 96,228 | ||||||||||||||||||
| Income Tax Provision |
446,586 | 818,676 | 247,322 | 325,384 | 1,309,620 | 540,950 | ||||||||||||||||||
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| TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES |
$ | 1,298,019 | $ | 2,167,760 | $ | 569,266 | $ | 998,518 | $ | 3,821,479 | $ | 1,697,772 | ||||||||||||
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| FIXED CHARGES: |
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| Interest Expense |
97,419 | 197,572 | $ | 125,073 | $ | 97,751 | $ | 49,899 | $ | 45,628 | ||||||||||||||
| Capitalized Interest |
23,970 | 57,741 | 76,300 | 54,919 | 42,628 | 29,324 | ||||||||||||||||||
| Capitalized Expenses Related to Indebtedness |
3,625 | 12,791 | 4,513 | 3,150 | 1,759 | 1,150 | ||||||||||||||||||
| Rental Expense Representative of Interest Factor |
30,602 | 47,598 | 31,704 | 25,606 | 23,282 | 20,126 | ||||||||||||||||||
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| TOTAL FIXED CHARGES |
155,616 | 315,702 | 237,590 | 181,426 | 117,568 | 96,228 | ||||||||||||||||||
| Preferred Stock Dividends on a Pretax Basis |
— | — | — | — | 681 | 9,970 | ||||||||||||||||||
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| COMBINED TOTAL FIXED CHARGES AND PREFERRED STOCK DIVIDENDS |
$ | 155,616 | $ | 315,702 | $ | 237,590 | $ | 181,426 | $ | 118,249 | $ | 106,198 | ||||||||||||
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| RATIO OF EARNINGS TO FIXED CHARGES |
8.34 | 6.87 | 2.40 | 5.50 | 32.50 | 17.64 | ||||||||||||||||||
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| RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS |
8.34 | 6.87 | 2.40 | 5.50 | 32.32 | 15.99 | ||||||||||||||||||
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