Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - MARATHON OIL CORP | mro-20150630x10qxex311.htm |
| EX-32.2 - EXHIBIT 32.2 - MARATHON OIL CORP | mro-20150630x10qxex322.htm |
| EX-32.1 - EXHIBIT 32.1 - MARATHON OIL CORP | mro-20150630x10qxex321.htm |
| EX-31.2 - EXHIBIT 31.2 - MARATHON OIL CORP | mro-20150630x10qxex312.htm |
| 10-Q - 10-Q - MARATHON OIL CORP | mro-20150630x10q.htm |
Exhibit 12.1
MARATHON OIL CORPORATION
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
Six Months Ended | Year Ended | |||||||||||||||||||||||
June 30, | December 31, | |||||||||||||||||||||||
(In millions) | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (812 | ) | $ | 1,361 | $ | 2,393 | $ | 3,104 | $ | 1,615 | $ | 1,674 | |||||||||||
Income from equity method investments | 62 | 424 | 423 | 370 | 462 | 344 | ||||||||||||||||||
Income (loss) from continuing operations before income taxes and income from equity method investments | (874 | ) | 937 | 1,970 | 2,734 | 1,153 | 1,330 | |||||||||||||||||
Add (deduct) | ||||||||||||||||||||||||
Fixed charges | 177 | 352 | 360 | 338 | 504 | 573 | ||||||||||||||||||
Capitalized interest | (14 | ) | (33 | ) | (27 | ) | (68 | ) | (208 | ) | (410 | ) | ||||||||||||
Amortization of capitalized interest | 2 | 8 | 21 | 45 | 107 | 115 | ||||||||||||||||||
Distributed income from equity investees | 98 | 454 | 430 | 382 | 499 | 404 | ||||||||||||||||||
Earnings as defined | (611 | ) | 1,718 | 2,754 | 3,431 | 2,055 | 2,012 | |||||||||||||||||
Net interest expense (including discontinued operations) | 144 | 277 | 297 | 236 | 245 | 75 | ||||||||||||||||||
Capitalized interest (including discontinued operations) | 14 | 33 | 27 | 68 | 208 | 410 | ||||||||||||||||||
Interest portion of rental expense (including discontinued operations) | 19 | 42 | 36 | 34 | 51 | 88 | ||||||||||||||||||
Fixed charges as defined | 177 | 352 | 360 | 338 | 504 | 573 | ||||||||||||||||||
Ratio of earnings to fixed charges | (3.45 | ) | 4.88 | 7.65 | 10.15 | 4.08 | 3.51 | |||||||||||||||||
Amount by which earnings were insufficient to cover fixed charges | $ | 788 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||