EX-12.1 6 a07-19298_1ex12d1.htm EX-12.1

Exhibit 12.1


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

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rentals representing interest

 

$

48

 

$

34

 

$

75

 

$

62

 

$

57

 

$

63

 

$

66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capitalized interest, including discontinued operations

 

103

 

68

 

152

 

83

 

48

 

41

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other interest and fixed charges, including discontinued operations

 

40

 

91

 

147

 

240

 

279

 

270

 

316

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges (A)

 

$

191

 

$

193

 

$

374

 

$

385

 

$

384

 

$

374

 

$

398

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings-pretax income with applicable adjustments (B)

 

$

4,133

 

$

4,219

 

$

9,014

 

$

4,557

 

$

2,905

 

$

2,421

 

$

1,446

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of (B) to (A)

 

21.64

 

21.86

 

24.10

 

11.84

 

7.57

 

6.47

 

3.63