EX-12.1 5 mro-20131231x10kxex121.htm EXHIBIT 12.1 MRO-2013.12.31-10K-Ex.12.1


Exhibit 12.1

Marathon Oil Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited
 
 
 
 
 
 
 
 
 
 
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
2013
 
2012
 
2011
 
2010
 
2009
 
 
 
 
 
 
 
 
 
 
Portion of rentals representing interest,
$
34

 
$
24

 
$
51

 
$
88

 
$
77

     including discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Capitalized interest,
 
 
 
 
 
 
 
 
 
     including discontinued operations
27

 
68

 
208

 
410

 
441

 
 
 
 
 
 
 
 
 
 
Other interest and fixed charges,
 
 
 
 
 
 
 
 
 
     including discontinued operations
295

 
236

 
239

 
105

 
160

 
 
 
 
 
 
 
 
 
 
Total fixed charges (A)
$
356

 
$
328

 
$
498

 
$
603

 
$
678

 
 
 
 
 
 
 
 
 
 
Earnings-pretax income with applicable adjustments (B)
$
5,288

 
$
6,449

 
$
4,723

 
$
3,607

 
$
3,163

 
 
 
 
 
 
 
 
 
 
Ratio of (B) to (A)
14.85

 
19.66

 
9.48

 
5.98

 
4.67