EX-12.1 3 ex12-1.htm EXHIBIT 12.1 EARNINGS TO FIXED CHARGES RATIO ex12-1.htm
 
 
 

Exhibit 12.1


Marathon Oil Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited
(Dollars in Millions)




   
Three Months Ended
March 31
          
Year Ended December 31
   
2008
    
2007
    
2007
    
2006
    
2005
    
2004
    
2003
  
Portion of rentals representing interest
   $ 33     $ 29     $ 101     $ 75     $ 62     $ 57     $ 63  
Capitalized interest, including discontinued operations
     76       53       214       152       83       48       41  
Other interest and fixed  charges, including discontinued operations
     44       21       135       147       240       279       270  
Total fixed charges (A)
   $ 153     $ 103     $ 450     $ 374     $ 385     $ 384     $ 374  
Earnings-pretax income with applicable adjustments (B)
   $ 1,310     $ 1,370     $ 7,055     $ 9,014     $ 4,557     $ 2,905     $ 2,421  
Ratio of (B) to (A)
     8.56       13.30       15.68       24.10       11.84       7.57       6.47