EX-12.1 4 mpc-20171231xex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1



Marathon Petroleum Corporation
Computation of Ratio of Earnings to Fixed Charges
TOTAL ENTERPRISE BASIS - Unaudited
(In millions)


 
For the Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
Portion of rentals representing interest
$
101

 
$
109

 
$
110

 
$
85

 
$
71

Capitalized interest
63

 
64

 
37

 
27

 
28

Other interest and fixed charges
624

 
539

 
288

 
201

 
167

Preference security dividend requirements of consolidated subsidiaries
65

 
41

 
—

 
—

 
—

Total fixed charges (A)
$
853

 
$
753

 
$
435

 
$
313

 
$
266

Earnings-pretax income with applicable adjustments (B)
$
4,212

 
$
3,004

 
$
4,852

 
$
4,194

 
$
3,518

Ratio of (B) to (A)
4.9

 
4.0

 
11.2

 
13.4

 
13.2