Exhibit 12

CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES

TOTAL ENTERPRISE

Computation of Ratio of Earnings to Fixed Charges

	Millions of Dollars
	Years Ended December 31
	2015			2014			2013			2012			2011
Earnings Available for Fixed Charges
Income (loss) from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges	$	(7,296	)		9,321			14,387			15,356			15,334
Distributions less than equity in earnings of affiliates		101			77	*		(822	)		(596	)		(131	)
Fixed charges, excluding capitalized interest**		1,192			901			787			1,127			1,160
	$	(6,003	)		10,299			14,352			15,887			16,363
Fixed Charges
Interest and expense on indebtedness, excluding capitalized interest	$	920			648			612			749			972
Capitalized interest		294			488			667			615			489
Interest portion of rental expense		70			114			75			67			53
	$	1,284			1,250			1,354			1,431			1,514
Ratio of Earnings to Fixed Charges***		—			8.2			10.6			11.1			10.8

* Includes a significant distribution from a Canadian joint venture.

** Includes amortization of capitalized interest totaling approximately $202 million in 2015, $139 million in 2014, $101 million in 2013, $311 million in 2012, and $135 million in 2011.

*** Earnings for the year ended December 31, 2015, were inadequate to cover fixed charges by $7,287 million.