Attached files
file | filename |
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EX-32 - EX-32 - CONOCOPHILLIPS | d577738dex32.htm |
EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d577738dex312.htm |
EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d577738dex311.htm |
10-Q - 10-Q - CONOCOPHILLIPS | d577738d10q.htm |
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
Millions of Dollars | ||||||||
Three Months Ended March 31 |
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2018 | 2017 | |||||||
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Earnings Available for Fixed Charges |
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Income (loss) before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | 1,764 | (245 | ) | ||||
Distributions less than equity in earnings of affiliates |
(34 | ) | (43 | ) | ||||
Fixed charges, excluding capitalized interest* |
237 | 396 | ||||||
|
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$ | 1,967 | 108 | ||||||
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Fixed Charges |
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Interest and debt expense, excluding capitalized interest |
$ | 184 | 315 | |||||
Capitalized interest |
37 | 26 | ||||||
Interest portion of rental expense |
16 | 32 | ||||||
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$ | 237 | 373 | ||||||
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Ratio of Earnings to Fixed Charges** |
8.3 | | ||||||
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*Includes amortization of capitalized interest totaling approximately $37 million in 2018 and $49 million in 2017.
**Earnings for the three-month period ended March 31, 2017 were inadequate to cover fixed charges by $265 million.