EX-12 2 h67772exv12.htm EX-12 exv12
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
                 
    Millions of Dollars  
    Nine Months Ended  
    September 30  
    2009     2008  
Earnings Available for Fixed Charges
                
Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges
   $ 7,324       26,781  
Distributions less than equity in earnings of affiliates
     (1,818 )     (2,530 )
Fixed charges, excluding capitalized interest*
     1,220       870  
     
 
   $ 6,726       25,121  
 
 
                
Fixed Charges
                
Interest and debt expense, excluding capitalized interest
   $ 914       656  
Capitalized interest
     378       445  
Interest portion of rental expense
     155       128  
     
 
   $ 1,447       1,229  
 
Ratio of Earnings to Fixed Charges
     4.6       20.4  
     
*Includes amortization of capitalized interest totaling approximately $99 million in 2009 and $48 million in 2008.