Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

	Millions of Dollars
	Years Ended December 31
	2006			2005		2004		2003		2002
	(Unaudited)
Earnings Available for Fixed Charges
Income from continuing operations before income taxes and minority interest	$	28,371		23,547		14,369		8,337		2,141
Distributions less than equity in earnings of fifty-percent-or-less-owned companies	(962		)	(1,785	)	(780	)	(52	)	3
Fixed charges, excluding capitalized interest*	1,411			747		758		1,019		850
	$	28,820		22,509		14,347		9,304		2,994
Fixed Charges
Interest and expense on indebtedness, excluding capitalized interest	$	1,087		497		546		844		566
Capitalized interest	458			395		430		327		232
Preferred dividend requirements of subsidiary and capital trusts	—			—		—		—		38
Interest portion of rental expense	233			188		174		149		181
Interest expense relating to guaranteed debt of fifty-percent-or-less-owned companies	—			—		9		1		16
Interest expense relating to guaranteed debt of greater than fifty-percent-owned companies	—			—		—		—		3
	$	1,778		1,080		1,159		1,321		1,036
Ratio of Earnings to Fixed Charges	16.2			20.8		12.4		7.0		2.9

*Includes amortization of capitalized interest totaling approximately $92 million in 2006, $62 million in 2005, $29 million in 2004, $25 million in 2003, and $46 million in 2002.

Earnings available for fixed charges include, if any, the company’s equity in losses of companies owned less than fifty percent and having debt for which the company is contingently liable.  Fixed charges include the company’s 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 the company is contingently liable.  Fixed charges include 100 percent of interest and capitalized interest, if any, relating to the contingent debt.