EX-12.1 4 ex12-1.htm EXHIBIT 12-1 EARNINGS TO FIXED CHARGES RATIO ex12-1.htm
Exhibit 12.1


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


 
  
Six Months Ended
  
(In millions)
  
June 30,
  
 
  
 
    
 
  
 
  
2011
    
2010
  
 
  
 
    
 
  
Portion of rentals representing interest,
  
 
    
 
  
     including discontinued operations
   $ 39     $ 43  
 
                
Capitalized interest,
                
     including discontinued operations
     165       217  
 
                
Other interest and fixed  charges,
                
     including discontinued operations
     129       58  
 
                
Total fixed charges (A)
   $ 333     $ 318  
 
                
Earnings-pretax income with
                
     applicable adjustments (B)
   $ 2,141     $ 2,331  
 
                
Ratio of (B) to (A)
     6.43       7.33