EX-12.2 4 dex122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

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
     2003
    2002
    2002
    2001
    2000
    1999
   1998

Portion of rentals representing interest

    $ 30    $ 30    $ 66    $ 54    $ 50    $ 47   $ 51

Capitalized interest, including discontinued operations

      18      7      16      27      19      26     46

Other interest and fixed charges, including discontinued operations

      155      144      316      349      375      365     318
    
  
  
  
  
  
 

Total fixed charges (A)

    $ 203    $ 181    $ 398    $ 430    $ 444    $ 438   $ 415
    
  
  
  
  
  
 

Earnings-pretax income with applicable adjustments (B)

    $ 1,335    $ 629    $ 1,442    $ 3,212    $ 1,807    $ 1,864   $ 1,084
    
  
  
  
  
  
 

Ratio of (B) to (A)

      6.58      3.48      3.62      7.48      4.07      4.25     2.61