Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

	Millions of Dollars
	Years Ended December 31
	2016			2015			2014			2013			2012
Earnings Available for Fixed Charges
Income (loss) from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges	$	(5,586	)		(7,296	)		9,321			14,387			15,356
Distributions received greater than equity losses (undistributed equity earnings)		299			101			77	*		(822	)		(596	)
Fixed charges, excluding capitalized interest**		1,546			1,192			901			787			1,127
	$	(3,741	)		(6,003	)		10,299			14,352			15,887
Fixed Charges
Interest and expense on indebtedness, excluding capitalized interest	$	1,245			920			648			612			749
Capitalized interest		157			294			488			667			615
Interest portion of rental expense		129			70			114			75			67
	$	1,531			1,284			1,250			1,354			1,431
Ratio of Earnings to Fixed Charges***		—			—			8.2			10.6			11.1

    * Includes a significant distribution from a Canadian joint venture.

  ** Includes amortization of capitalized interest totaling approximately $172 million in 2016, $202 million in 2015, $139 million in 2014, $101 million in 2013, and $311 million in 2012.

*** Earnings for the years ended December 31, 2016 and 2015, were inadequate to cover fixed charges by $5,272 million and $7,287 million, respectively.