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 |
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| 2016 | 2015 | |||||||
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| 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 | ||||||
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|
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| $ | (4,043 | ) | (1,462 | ) | ||||
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|
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| Fixed Charges |
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| Interest and debt expense, excluding capitalized interest |
$ | 928 | 652 | |||||
| Capitalized interest |
125 | 255 | ||||||
| Interest portion of rental expense |
53 | 86 | ||||||
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|
||||||||
| $ | 1,106 | 993 | ||||||
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|
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| Ratio of Earnings to Fixed Charges** |
— | — | ||||||
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|
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*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.