Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

	Millions of Dollars
	Six Months Ended
	June 30
	2008			2007
Earnings Available for Fixed Charges
Income from continuing operations before income taxes and minority interest	$	17,358			9,602
Distributions less than equity in earnings of fifty-percent-or-less-owned companies		(1,991	)		(1,246	)
Fixed charges, excluding capitalized interest*		551			743
	$	15,918			9,099
Fixed Charges
Interest and debt expense, excluding capitalized interest	$	417			626
Capitalized interest		315			274
Interest portion of rental expense		85			70
Interest expense relating to guaranteed debt of fifty-percent-or-less-owned companies		—			5
	$	817			975
Ratio of Earnings to Fixed Charges		19.5			9.3

*Includes amortization of capitalized interest totaling approximately $48 million in 2008 and $42 million in 2007.

Earnings available for fixed charges include, if any, our equity in losses of companies owned less than fifty percent and having debt for which the company is contingently liable. Fixed charges include our proportionate share, if any, of interest relating to the contingent debt.

Earnings available for fixed charges include, if any, 100 percent of the losses of companies owned greater than fifty percent that have debt for which we are contingently liable. Fixed charges include 100 percent of interest and capitalized interest, if any, relating to the contingent debt.