EX-7.2 4 d295766dex72.htm EX-7.2 EX-7.2

EXHIBIT 7.2

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

 

     Years Ended December 31,  

(Amounts in millions of dollars)

   2016     2015     2014      2013     2012  

Net income(a)

     6,196       5,087       4,244        11,228       13,648  

Income tax expenses(a)

     970       1,653       8,614        14,767       16,747  

Non-controlling interests

     10       (301     6        293       188  

Equity in income of affiliates (in excess of)/ less than dividends received

     (643     (311     29        (775     272  

Interest expensed

     734       742       536        656       649  

Estimate of the interest within rental expense

     543       477       406        357       334  

Amortization of capitalized interest

     161       174       160        135       205  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Total(a)

     7,971       7,521       13,995        26,661       32,043  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Interest expensed

     734       742       536        656       649  

Capitalized interest

     481       362       341        349       333  

Estimate of the interest within rental expense

     543       477       406        357       334  

Preference security dividend requirements of consolidated subsidiaries

     —         —         —          —         —    
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Fixed charges

     1,758       1,581       1,283        1,362       1,316  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

Ratio of earnings to fixed charges(a)

     4.53       4.76       10.91        19.57       24.35  
  

 

 

   

 

 

   

 

 

    

 

 

   

 

 

 

 

(a)  Figures for 2013 have been restated pursuant to the retrospective application of the accounting interpretation IFRIC 21 from January 1, 2014, and figures for 2012 have been restated pursuant to the retrospective application of the revised accounting standard IAS 19 from January 1, 2013.