EX-12 3 h80298exv12.htm EX-12 exv12
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
                 
    Millions of Dollars  
    Three Months Ended  
    March 31  
    2011     2010  
Earnings Available for Fixed Charges
                
Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges
   $ 5,783       3,977  
Distributions less than equity in earnings of affiliates
     (523 )     (503 )
Fixed charges, excluding capitalized interest*
     348       409  
 
 
   $ 5,608       3,883  
 
 
                
Fixed Charges
                
Interest and debt expense, excluding capitalized interest
   $ 262       302  
Capitalized interest
     112       119  
Interest portion of rental expense
     46       51  
 
 
   $ 420       472  
 
Ratio of Earnings to Fixed Charges
     13.4       8.2  
 
    *Includes amortization of capitalized interest totaling approximately $40 million in 2011 and $56 million in 2010.