Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - CONOCOPHILLIPS | d486070dex32.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d486070dex312.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d486070dex311.htm |
| 10-Q - FORM 10-Q - CONOCOPHILLIPS | d486070d10q.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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| 2017 | 2016 | |||||||
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| Earnings Available for Fixed Charges |
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| Loss before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | (3,983 | ) | (5,562 | ) | |||
| Distributions greater (less) than equity in earnings of affiliates |
(193 | ) | 414 | |||||
| Fixed charges, excluding capitalized interest* |
1,101 | 1,105 | ||||||
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|
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| $ | (3,075 | ) | (4,043 | ) | ||||
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| Fixed Charges |
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| Interest and debt expense, excluding capitalized interest |
$ | 872 | 928 | |||||
| Capitalized interest |
86 | 125 | ||||||
| Interest portion of rental expense |
97 | 53 | ||||||
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|
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| $ | 1,055 | 1,106 | ||||||
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|
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| Ratio of Earnings to Fixed Charges** |
— | — | ||||||
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*Includes amortization of capitalized interest totaling approximately $132 million in 2017 and $124 million in 2016.
**Earnings for the nine-month periods ended September 30, 2017 and 2016 were inadequate to cover fixed charges by $4,130 million and $5,149 million, respectively.