EX-12.2 3 a05-13099_1ex12d2.htm EX-12.2

Exhibit 12.2

 

Marathon Oil Corporation

Computation of Ratio of Earnings to Fixed Charges

TOTAL ENTERPRISE BASIS - Unaudited

(Dollars in Millions)

 

 

 

Six Months
Ended June 30

 

Year Ended December 31

 

 

 

2005

 

2004

 

2004

 

2003

 

2002

 

2001

 

2000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rentals representing interest

 

$

31

 

$

30

 

$

57

 

$

63

 

$

66

 

$

54

 

$

50

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest, including discontinued operations

 

41

 

23

 

48

 

41

 

16

 

27

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other interest and fixed charges, including discontinued operations

 

68

 

136

 

279

 

270

 

316

 

349

 

375

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges (A)

 

$

140

 

$

189

 

$

384

 

$

374

 

$

398

 

$

430

 

$

444

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings-pretax income with applicable adjustments (B)

 

$

2,004

 

$

1,388

 

$

2,843

 

$

2,422

 

$

1,446

 

$

3,365

 

$

1,884

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of (B) to (A)

 

14.31

 

7.34

 

7.40

 

6.48

 

3.63

 

7.83

 

4.24