Attached files
file | filename |
---|---|
10-Q - 10-Q - CONOCOPHILLIPS | d268453d10q.htm |
EX-32 - EX-32 - CONOCOPHILLIPS | d268453dex32.htm |
EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d268453dex312.htm |
EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d268453dex311.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 |
||||||||
2016 | 2015 | |||||||
|
|
|||||||
Earnings Available for Fixed Charges |
||||||||
Loss before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | (5,562 | ) | (2,232 | ) | |||
Distributions received greater than equity losses (undistributed equity earnings) |
414 | (79 | ) | |||||
Fixed charges, excluding capitalized interest* |
1,105 | 849 | ||||||
|
||||||||
$ | (4,043 | ) | (1,462 | ) | ||||
|
||||||||
Fixed Charges |
||||||||
Interest and debt expense, excluding capitalized interest |
$ | 928 | 652 | |||||
Capitalized interest |
125 | 255 | ||||||
Interest portion of rental expense |
53 | 86 | ||||||
|
||||||||
$ | 1,106 | 993 | ||||||
|
||||||||
Ratio of Earnings to Fixed Charges** |
| | ||||||
|
*Includes amortization of capitalized interest totaling approximately $124 million in 2016 and $111 million in 2015.
**Earnings for the nine-month periods ended September 30, 2016 and 2015 were inadequate to cover fixed charges by $5,149 million and $2,455 million, respectively.