EX-12 4 d526569dex12.htm EX-12 EX-12

Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

 

     Millions of Dollars  
     Three Months Ended
March 31		  
     2013        2012    
  

 

 

  

Earnings Available for Fixed Charges

   

Income from continuing operations before income taxes and noncontrolling interests
that have not incurred fixed charges

    $ 3,774          4,249    

Distributions less than equity in earnings of affiliates

      (29)          (77)    

Fixed charges, excluding capitalized interest*

      181          311    

 

  
   $ 3,926          4,483    

 

  

 

  

Fixed Charges

      

Interest and debt expense, excluding capitalized interest

    $ 130          209    

Capitalized interest

      179          146    

Interest portion of rental expense

      17          13    

 

  
   $ 326          368    

 

  

 

  

Ratio of Earnings to Fixed Charges

      12.0          12.2    

 

  

* Includes amortization of capitalized interest totaling approximately $34 million in 2013 and $89 million in 2012.