EX-12.1 3 mro-20141231x10kxex121.htm EXHIBIT 12.1 MRO-2014.12.31-10K-Ex12.1


EXHIBIT 12.1

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



 
 
 
 
 
 
 
 
(In millions)
 
 
 
 
 
 
 
 
2014
 
2013
 
2012
 
2011
 
2010
 
 
 
 
 
 
 
 
 
 
Portion of rentals representing interest,
 
 
 
 
 
 
 
 
 
     including discontinued operations
$
36

 
$
34

 
$
24

 
$
51

 
$
88

 
 

 
 

 
 
 
 
 
 
Capitalized interest,
 

 
 

 
 
 
 
 
 
     including discontinued operations
33

 
27

 
68

 
208

 
410

 
 

 
 

 
 
 
 
 
 
Other interest and fixed charges,
 

 
 

 
 
 
 
 
 
     including discontinued operations
283

 
295

 
236

 
239

 
105

 
 

 
 

 
 
 
 
 
 
Total fixed charges (A)
$
352

 
$
356

 
$
328

 
$
498

 
$
603

 
 

 
 

 
 
 
 
 
 
Earnings-pretax income with
 

 
 

 
 
 
 
 
 
     applicable adjustments (B)
$
1,775

 
$
2,751

 
$
3,422

 
$
2,174

 
$
2,110

 
 

 
 

 
 
 
 
 
 
Ratio of (B) to (A)
5.04

 
7.73

 
10.43

 
4.37

 
3.50