Attached files

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EXCEL - IDEA: XBRL DOCUMENT - CONOCOPHILLIPSFinancial_Report.xls
EX-31.1 - EX-31.1 - CONOCOPHILLIPSd813696dex311.htm
EX-10.1 - EX-10.1 - CONOCOPHILLIPSd813696dex101.htm
EX-32 - EX-32 - CONOCOPHILLIPSd813696dex32.htm
10-Q - 10-Q - CONOCOPHILLIPSd813696d10q.htm
EX-31.2 - EX-31.2 - CONOCOPHILLIPSd813696dex312.htm

Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

 

                             
     Millions of Dollars  
     Nine Months Ended
September 30
 
     2014     2013  
  

 

 

 

Earnings Available for Fixed Charges

    

Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges

   $ 9,656        11,844   

Distributions greater (less) than equity in earnings of affiliates

     334     (585

Fixed charges, excluding capitalized interest**

     614        548   

 

 
   $ 10,604        11,807   

 

 
    

Fixed Charges

    

Interest and debt expense, excluding capitalized interest

   $ 475        420   

Capitalized interest

     372        538   

Interest portion of rental expense

     57        50   

 

 
   $ 904        1,008   

 

 

Ratio of Earnings to Fixed Charges

     11.7        11.7   

 

 
  * Includes a significant distribution from a Canadian joint venture.
** Includes amortization of capitalized interest totaling approximately $82 million in 2014 and $78 million in 2013.