EX-12 5 exh12.htm STATEMENT RE COMPUTATION OF RATIOS

EXHIBIT 12

 

EOG RESOURCES, INC.
Computation of Ratio of Earnings to Fixed Charges and
Combined Fixed Charges and to Preferred Stock Dividends
(In Thousands)
(Unaudited)

 

Year Ended December 31

  

2008

  

2007

  

2006

  

2005

  

2004
                     

EARNINGS AVAILABLE FOR

                   

FIXED CHARGES:

                    

Net Income

$

2,436,919 

$

1,089,918 

$

1,299,885 

$

1,259,576 

$

624,855 

Less:

Capitalized Interest Expense

  

(42,628)

  

(29,324)

  

(19,900)

  

(14,596)

  

(9,631)

Add:

Fixed Charges

  

160,196 

  

96,228 

  

80,050 

  

90,933 

  

83,264 

Income Tax Provision

  

1,309,620 

  

540,950 

  

612,756 

  

705,561 

  

301,157 

EARNINGS AVAILABLE

$

3,864,107 

$

1,697,772 

$

1,972,791 

$

2,041,474 

$

999,645 
                     
                     

FIXED CHARGES:

                    

Interest Expense

$

92,527 

$

45,628 

$

43,158 

$

62,506 

$

63,128 

Capitalized Interest

  

42,628 

  

29,324 

  

19,900 

  

14,596 

  

9,631 

Capitalized Expense Related to Indebtedness

  

1,759 

  

1,150 

  

1,655 

  

2,381 

  

1,994 

Rental Expense Representative of Interest Factor

  

23,282 

  

20,126 

  

15,337 

  

11,450 

  

8,511 

TOTAL FIXED CHARGES

 

160,196 

  

96,228 

  

80,050 

  

90,933 

  

83,264 

Preferred Stock Dividends on a Pre-tax Basis

  

681 

  

9,970 

  

16,179 

  

11,595 

  

16,142 

COMBINED TOTAL FIXED CHARGES AND

                    

   PREFERRED STOCK DIVIDENDS

$

160,877 

$

106,198 

$

96,229 

$

102,528 

$

99,406 
                     

RATIO OF EARNINGS TO

                    

   FIXED CHARGES

  

24.12 

  

17.64 

  

24.64 

  

22.45 

  

12.01 
                     

RATIO OF EARNINGS TO COMBINED FIXED

                    

   CHARGES AND PREFERRED STOCK

                   

   DIVIDENDS

  

24.02 

  

15.99 

  

20.50 

  

19.91 

  

10.06