Attached files
file | filename |
---|---|
EX-32 - EX-32 - CONOCOPHILLIPS | d630380dex32.htm |
EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d630380dex312.htm |
EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d630380dex311.htm |
10-Q - 10-Q - CONOCOPHILLIPS | d630380d10q.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 |
||||||||
2018 | 2017 | |||||||
|
|
|
|
|||||
Earnings Available for Fixed Charges |
||||||||
Income (loss) before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | 7,263 | (3,983 | ) | ||||
Distributions less than equity in earnings of affiliates |
(11 | ) | (193 | ) | ||||
Fixed charges, excluding capitalized interest* |
702 | 1,101 | ||||||
|
||||||||
$ | 7,954 | (3,075 | ) | |||||
|
||||||||
Fixed Charges |
||||||||
Interest and debt expense, excluding capitalized interest |
$ | 547 | 872 | |||||
Capitalized interest |
132 | 86 | ||||||
Interest portion of rental expense |
48 | 97 | ||||||
|
||||||||
$ | 727 | 1,055 | ||||||
|
||||||||
Ratio of Earnings to Fixed Charges** |
10.9 | | ||||||
|
*Includes amortization of capitalized interest totaling approximately $107 million in 2018 and $132 million in 2017.
**Earnings for the nine-month period ended September 30, 2017 were inadequate to cover fixed charges by $4,130 million.