Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - EOG RESOURCES INC | h73192e8vk.htm |
| EX-1.1 - EX-1.1 - EOG RESOURCES INC | h73192exv1w1.htm |
| EX-5.1 - EX-5.1 - EOG RESOURCES INC | h73192exv5w1.htm |
Exhibit 12.1
EOG RESOURCES, INC.
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(In Thousands)
(Unaudited)
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(In Thousands)
(Unaudited)
| Three Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| March 31, | Year Ended December 31, | |||||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
EARNINGS AVAILABLE FOR
FIXED CHARGES: |
||||||||||||||||||||||||
Net Income |
$ | 118,015 | $ | 546,627 | $ | 2,436,919 | $ | 1,089,918 | $ | 1,299,885 | $ | 1,259,576 | ||||||||||||
Less: Capitalized Interest Expense |
(18,435 | ) | (54,919 | ) | (42,628 | ) | (29,324 | ) | (19,900 | ) | (14,596 | ) | ||||||||||||
Add: Fixed Charges |
51,161 | 181,426 | 117,568 | 96,228 | 80,050 | 90,933 | ||||||||||||||||||
Income Tax Provision |
79,142 | 325,384 | 1,309,620 | 540,950 | 612,756 | 705,561 | ||||||||||||||||||
EARNINGS AVAILABLE |
$ | 229,883 | $ | 998,518 | $ | 3,821,479 | $ | 1,697,772 | $ | 1,972,791 | $ | 2,041,474 | ||||||||||||
FIXED CHARGES: |
||||||||||||||||||||||||
Interest Expense |
$ | 24,516 | $ | 97,751 | $ | 49,899 | $ | 45,628 | $ | 43,158 | $ | 62,506 | ||||||||||||
Capitalized Interest |
18,435 | 54,919 | 42,628 | 29,324 | 19,900 | 14,596 | ||||||||||||||||||
Capitalized Expense Related to Indebtedness |
912 | 3,150 | 1,759 | 1,150 | 1,655 | 2,381 | ||||||||||||||||||
Rental Expense Representative of Interest Factor |
7,298 | 25,606 | 23,282 | 20,126 | 15,337 | 11,450 | ||||||||||||||||||
TOTAL FIXED CHARGES |
51,161 | 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 |
$ | 51,161 | $ | 181,426 | $ | 118,249 | $ | 106,198 | $ | 96,229 | $ | 102,528 | ||||||||||||
RATIO OF EARNINGS TO
FIXED CHARGES |
4.49 | 5.50 | 32.50 | 17.64 | 24.64 | 22.45 | ||||||||||||||||||
RATIO OF EARNINGS TO COMBINED
FIXED CHARGES AND PREFERRED
STOCK DIVIDENDS |
4.49 | 5.50 | 32.32 | 15.99 | 20.50 | 19.91 | ||||||||||||||||||