Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - CONOCOPHILLIPS | d766513dex32.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d766513dex311.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d766513dex312.htm |
| EXCEL - IDEA: XBRL DOCUMENT - CONOCOPHILLIPS | Financial_Report.xls |
| 10-Q - 10-Q - CONOCOPHILLIPS | d766513d10q.htm |
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
| Six Months Ended June 30 |
||||||||
| 2014 | 2013 | |||||||
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|
|
|||||||
| Earnings Available for Fixed Charges |
||||||||
| Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | 7,126 | 7,457 | |||||
| Distributions greater (less) than equity in earnings of affiliates |
681 | * | (228) | |||||
| Fixed charges, excluding capitalized interest** |
418 | 359 | ||||||
|
|
||||||||
| $ | 8,225 | 7,588 | ||||||
|
|
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| Fixed Charges |
||||||||
| Interest and debt expense, excluding capitalized interest |
$ | 326 | 269 | |||||
| Capitalized interest |
241 | 365 | ||||||
| Interest portion of rental expense |
38 | 34 | ||||||
|
|
||||||||
| $ | 605 | 668 | ||||||
|
|
||||||||
| Ratio of Earnings to Fixed Charges |
13.6 | 11.4 | ||||||
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|
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*Includes a significant distribution from a Canadian joint venture.
**Includes amortization of capitalized interest totaling approximately $55 million in 2014 and $57 million in 2013.