EX-12 2 h67588exv12.htm EX-12 exv12
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
                 
    Millions of Dollars
    Six Months Ended
    June 30
    2009   2008
     
Earnings Available for Fixed Charges
                
Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges
   $ 4,393       17,358  
Distributions less than equity in earnings of affiliates
     (1,092 )     (1,991 )
Fixed charges, excluding capitalized interest*
     781       551  
 
 
   $ 4,082       15,918  
 
 
                
Fixed Charges
                
Interest and debt expense, excluding capitalized interest
   $ 578       417  
Capitalized interest
     249       315  
Interest portion of rental expense
     103       85  
 
 
   $ 930       817  
 
Ratio of Earnings to Fixed Charges
     4.4       19.5  
 
*   Includes amortization of capitalized interest totaling approximately $99 million in 2009 and $48 million in 2008.