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)

 

    

Three Months
Ended

March 31

    Year Ended December 31
     2004
    2003
    2003
    2002
    2001
    2000
    1999

Portion of rentals representing interest

    $ 15    $ 15    $ 63    $ 66    $ 54    $ 50    $ 47

Capitalized interest, including discontinued operations

      16      6      41      16      27      19      26

Other interest and fixed charges, including discontinued operations

      62      78      270      316      349      375      365
    
  
  
  
  
  
  

Total fixed charges (A)

    $ 93    $ 99    $ 374    $ 398    $ 430    $ 444    $ 438
    
  
  
  
  
  
  

Earnings—pretax income with applicable adjustments (B)

    $ 520    $ 571    $ 2,422    $ 1,446    $ 3,365    $ 1,884    $ 1,830
    
  
  
  
  
  
  

Ratio of (B) to (A)

      5.59      5.76      6.48      3.63      7.83      4.24      4.18