EX-12.1 14 h32018exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS exv12w1
 

Exhibit 12.1
Marathon Oil Corporation
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock
TOTAL ENTERPRISE BASIS—Unaudited
(Dollars in Millions)
                                         
    Year Ended December 31  
    2005     2004     2003     2002     2001  
Portion of rentals representing interest
   $ 62     $ 57     $ 63     $ 66     $ 54  
 
                                        
Capitalized interest, including discontinued operations
     83       48       41       16       27  
 
                                        
Other interest and fixed charges, including discontinued operations
     240       279       270       316       349  
 
                                        
Pretax earnings which would be required to cover preferred stock dividend requirements of parent
     —       —       —       —       12  
 
                              
 
                                        
Combined fixed charges and preferred stock dividends (A)
   $ 385     $ 384     $ 374     $ 398     $ 442  
 
                              
 
                                        
Earnings-pretax income with applicable adjustments (B)
   $ 4,618     $ 2,843     $ 2,422     $ 1,446     $ 3,365  
 
                              
 
                                        
Ratio of (B) to (A)
     11.99       7.40       6.48       3.63       7.61