EX-12 2 h84155exv12.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  
    2011     2010  
Earnings Available for Fixed Charges
                
Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges
   $ 17,124       6,804  
Distributions less than equity in earnings of affiliates
     (1,393 )     (1,818 )
Fixed charges, excluding capitalized interest*
     991       1,220  
 
 
   $ 16,722       6,206  
 
 
                
Fixed Charges
                
Interest and debt expense, excluding capitalized interest
   $ 744       914  
Capitalized interest
     352       378  
Interest portion of rental expense
     139       155  
 
 
   $ 1,235       1,447  
 
Ratio of Earnings to Fixed Charges
     13.5       4.3  
 
*Includes amortization of capitalized interest totaling approximately $107 million in 2011 and $155 million in 2010.