EX-12.1 2 ex12-1.htm CALCULATION OF EARNINGS TO FIXED CHARGES ex12-1.htm

Exhibit 12.1


Marathon Oil Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited


 
  
Nine Months Ended
  
(In millions)
  
September 30,
  
 
  
 
    
 
  
 
  
2009
    
2008
  
 
  
 
    
 
  
Portion of rentals representing interest
   $ 60     $ 67  
 
                
 
                
Capitalized interest, including discontinued operations
     341       226  
 
                
 
                
Other interest and fixed  charges, including discontinued operations
     68       143  
 
                
Total fixed charges (A)
   $ 469     $ 436  
 
                
 
                
Earnings-pretax income with applicable adjustments (B)
   $ 2,709     $ 6,159  
 
                
Ratio of (B) to (A)
     5.78       14.15