EX-12.1 11 d270787dex121.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,  
     2011      2010      2009      2008      2007  

Portion of rentals representing interest, including discontinued operations

   $ 51      $ 88      $ 77      $ 89      $ 101  

Capitalized interest, including discontinued operations

     208        410        441        326        214  

Other interest and fixed charges, including discontinued operations

     239        105        160        153        135  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total fixed charges (A)

   $ 498      $ 603      $ 678      $ 568      $ 450  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings-pretax income with applicable adjustments (B)

   $ 4,707      $ 4,422      $ 3,112      $ 5,181      $ 3,465  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Ratio of (B) to (A)

     9.45        7.33        4.59        9.12        7.70