EX-12.1 3 dex121.txt COMPUTATION OF RATIO PREFERRED STOCK Exhibit 12.1 Marathon Oil Corporation Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends TOTAL ENTERPRISE BASIS--Unaudited Including Discontinued Operations (Dollars in Millions)
First Quarter Ended March 31 Year Ended December 31 -------------- -------------------------------------- 2002 2001 2001 2000 1999 1998 1997 ------ ------ ------ ------ ------ ------ ------ Portion of rentals representing interest..... $ 15 $ 13 $ 54 $ 52 $ 49 $ 53 $ 35 Capitalized interest, including discontinued operations................ 3 7 27 19 26 46 31 Other interest and fixed charges, including discontinued operations... 69 98 349 375 365 318 352 Pretax earnings which would be required to cover preferred stock dividend requirements of parent................. - 3 12 12 14 15 20 ------ ------ ------ ------ ------ ------ ------ Combined fixed charges and preferred stock dividends (A)............. $ 87 $ 121 $ 442 $ 458 $ 454 $ 432 $ 438 ====== ====== ====== ====== ====== ====== ====== Earnings-pretax income with applicable adjustments (B). $ 191 $ 970 $3,213 $1,809 $1,866 $1,087 $1,067 ====== ====== ====== ====== ====== ====== ====== Ratio of (B) to (A)......... 2.19 8.01 7.26 3.95 4.11 2.51 2.43 ====== ====== ====== ====== ====== ====== ======
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