EX-12 2 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

 

2009

 

2008

 

2007

 

2006

 

2005

                     

EARNINGS AVAILABLE FOR

                   

FIXED CHARGES:

                   

Net Income

$

546,627 

$

2,436,919 

$

1,089,918 

$

1,299,885 

$

1,259,576 

Less:

Capitalized Interest Expense

 

(54,919)

 

(42,628)

 

(29,324)

 

(19,900)

 

(14,596)

Add:

Fixed Charges

 

181,426 

 

117,568 

 

96,228 

 

80,050 

 

90,933 

Income Tax Provision

 

325,384 

 

1,309,620 

 

540,950 

 

612,756 

 

705,561 

EARNINGS AVAILABLE

$

998,518 

$

3,821,479 

$

1,697,772 

$

1,972,791 

$

2,041,474 

                     
                     

FIXED CHARGES:

                   

Interest Expense

$

97,751 

$

49,899 

$

45,628 

$

43,158 

$

62,506 

Capitalized Interest

 

54,919 

 

42,628 

 

29,324 

 

19,900 

 

14,596 

Capitalized Expense Related to Indebtedness

 

3,150 

 

1,759 

 

1,150 

 

1,655 

 

2,381 

Rental Expense Representative of Interest Factor

 

25,606 

 

23,282 

 

20,126 

 

15,337 

 

11,450 

TOTAL FIXED CHARGES

 

181,426 

 

117,568 

 

96,228 

 

80,050 

 

90,933 

Preferred Stock Dividends on a Pre-tax Basis

 

 

681 

 

9,970 

 

16,179 

 

11,595 

COMBINED TOTAL FIXED CHARGES AND

                   

   PREFERRED STOCK DIVIDENDS

$

181,426 

$

118,249 

$

106,198 

$

96,229 

$

102,528 

                     

RATIO OF EARNINGS TO

                   

   FIXED CHARGES

 

5.50 

 

32.50 

 

17.64 

 

24.64 

 

22.45 

                     

RATIO OF EARNINGS TO COMBINED FIXED

                   

   CHARGES AND PREFERRED STOCK

                   

   DIVIDENDS

 

5.50 

 

32.32 

 

15.99 

 

20.50 

 

19.91