EX-12.1 7 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Marathon Oil Corporation

Computation of Ratio of Earnings to Fixed Charges

TOTAL ENTERPRISE BASIS - Unaudited

 

(In millions)

    Year Ended December 31,  
     2010      2009      2008      2007      2006  

Portion of rentals representing interest

    $ 88      $ 77      $ 89      $ 101      $ 75  

Capitalized interest, including discontinued operations

      410        441        326        214        152  

Other interest and fixed charges, including discontinued operations

      105        160        153        135        147  
                                            

Total fixed charges (A)

    $ 603      $ 678      $ 568      $ 450      $ 374  
                                            

Earnings-pretax income with applicable adjustments (B)

    $ 5,512      $ 3,816      $ 7,145      $ 6,761      $ 8,717  
                                            

Ratio of (B) to (A)

      9.14        5.63        12.58        15.02        23.31