EX-12 7 ex12-2_30sep02.txt EXHIBIT 12.2 Exhibit 12.2 Marathon Oil Corporation Computation of Ratio of Earnings to Fixed Charges TOTAL ENTERPRISE BASIS - Unaudited Continuing Operations (Dollars in Millions)
Nine Months Ended September 30 Year Ended December 31 -------------- -------------------------------------- 2002 2001 2001 2000 1999 1998 1997 ------ ------ ------ ------ ------ ------ ------ Portion of rentals representing interest....... $ 47 $ 39 $ 54 $ 52 $ 49 $ 53 $ 35 Capitalized interest, including discontinued operations................. 11 20 27 19 26 46 31 Other interest and fixed charges, including discontinued operations.... 235 213 349 375 365 318 352 ------ ------ ------ ------ ------ ------ ------ Total fixed charges (A)..... $ 293 $ 272 $ 430 $ 446 $ 440 $ 417 $ 418 ====== ====== ====== ====== ====== ====== ====== Earnings-pretax income with applicable adjustments (B). $1,061 $2,868 $3,213 $1,809 $1,866 $1,087 $1,067 ====== ====== ====== ====== ====== ====== ====== Ratio of (B) to (A)......... 3.62 10.53 7.47 4.06 4.24 2.60 2.55 ====== ====== ====== ====== ====== ====== ======