Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - MARATHON OIL CORP | mro-20151231x10xkxex312.htm |
| EX-21.1 - EXHIBIT 21.1 - MARATHON OIL CORP | mro-20151231x10xkxex211.htm |
| EX-23.4 - EXHIBIT 23.4 - MARATHON OIL CORP | mro-20151231x10xkxex234.htm |
| EX-99.4 - EXHIBIT 99.4 - MARATHON OIL CORP | mro-20151231x10xkxex994.htm |
| EX-99.1 - EXHIBIT 99.1 - MARATHON OIL CORP | mro-20151231x10xkxex991.htm |
| EX-32.1 - EXHIBIT 32.1 - MARATHON OIL CORP | mro-20151231x10xkxex321.htm |
| EX-23.3 - EXHIBIT 23.3 - MARATHON OIL CORP | mro-20151231x10xkxex233.htm |
| EX-32.2 - EXHIBIT 32.2 - MARATHON OIL CORP | mro-20151231x10xkxex322.htm |
| EX-99.7 - EXHIBIT 99.7 - MARATHON OIL CORP | mro-20151231x10xkxex997.htm |
| EX-31.1 - EXHIBIT 31.1 - MARATHON OIL CORP | mro-20151231x10xkxex311.htm |
| EX-23.1 - EXHIBIT 23.1 - MARATHON OIL CORP | mro-2015x1231x10xkxex231.htm |
| EX-23.2 - EXHIBIT 23.2 - MARATHON OIL CORP | mro-2015x1231x10xkxex232.htm |
| 10-K - 10-K - MARATHON OIL CORP | mro-20151231x10k.htm |
Exhibit 12.1
MARATHON OIL CORPORATION
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
Year Ended | ||||||||||||||||||||
December 31, | ||||||||||||||||||||
(In millions) | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (2,958 | ) | $ | 1,361 | $ | 2,393 | $ | 3,104 | $ | 1,615 | |||||||||
Income from equity method investments | 145 | 424 | 423 | 370 | 462 | |||||||||||||||
Income (loss) from continuing operations before income taxes and income from equity method investments | (3,103 | ) | 937 | 1,970 | 2,734 | 1,153 | ||||||||||||||
Add (deduct) | ||||||||||||||||||||
Fixed charges | 382 | 352 | 360 | 338 | 504 | |||||||||||||||
Capitalized interest | (26 | ) | (33 | ) | (27 | ) | (68 | ) | (208 | ) | ||||||||||
Amortization of capitalized interest | 5 | 8 | 21 | 45 | 107 | |||||||||||||||
Distributed income from equity investees | 178 | 454 | 430 | 382 | 499 | |||||||||||||||
Earnings as defined | (2,564 | ) | 1,718 | 2,754 | 3,431 | 2,055 | ||||||||||||||
Net interest expense (including discontinued operations) | 321 | 277 | 297 | 236 | 245 | |||||||||||||||
Capitalized interest (including discontinued operations) | 26 | 33 | 27 | 68 | 208 | |||||||||||||||
Interest portion of rental expense (including discontinued operations) | 35 | 42 | 36 | 34 | 51 | |||||||||||||||
Fixed charges as defined | 382 | 352 | 360 | 338 | 504 | |||||||||||||||
Ratio of earnings to fixed charges | (6.71 | ) | 4.88 | 7.65 | 10.15 | 4.08 | ||||||||||||||
Amount by which earnings were insufficient to cover fixed charges | $ | 2,946 | $ | — | $ | — | $ | — | $ | — | ||||||||||