Attached files

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EXCEL - IDEA: XBRL DOCUMENT - CHEVRON CORPFinancial_Report.xls
10-Q - 10-Q - CHEVRON CORPcvx-06302014x10qdoc.htm
EX-31.2 - EXHIBIT 31.2 - CHEVRON CORPcvx06302014ex312cfo-sox302.htm
EX-32.2 - EXHIBIT 32.2 - CHEVRON CORPcvx06302014ex322cfo-sox906.htm
EX-31.1 - EXHIBIT 31.1 - CHEVRON CORPcvx06302014ex311ceo-sox302.htm
EX-95 - EXHIBIT 95 - CHEVRON CORPcvx06302014ex95minesafety.htm
EX-32.1 - EXHIBIT 32.1 - CHEVRON CORPcvx06302014ex321ceo-sox906.htm

Exhibit 12.1
CHEVRON CORPORATION — TOTAL ENTERPRISE BASIS
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014
 
Year Ended December 31
 
 
2013
 
2012
 
2011
 
2010
 
(Millions of dollars)
Net Income Attributable to Chevron Corporation
$
10,177

 
$
21,423

 
$
26,179

 
$
26,895

 
$
19,024

Income Tax Expense
6,744

 
14,308

 
19,996

 
20,626

 
12,919

Distributions Less Than Equity in Earnings of Affiliates
(839
)
 
(1,178
)
 
(1,351
)
 
(570
)
 
(501
)
Noncontrolling Interests
34

 
174

 
157

 
113

 
112

Previously Capitalized Interest Charged to Earnings During Period
60

 
96

 
123

 
117

 
240

Interest and Debt Expense

 

 

 

 
50

Interest Portion of Rentals (1)
169

 
342

 
316

 
288

 
300

Earnings Before Provision for Taxes and Fixed Charges
$
16,345

 
$
35,165

 
$
45,420

 
$
47,469

 
$
32,144

 
 
 
 
 
 
 
 
 
 
Interest and Debt Expense

 

 

 

 
50

Interest Portion of Rentals (1)
169

 
342

 
316

 
288

 
300

Preferred Stock Dividends of Subsidiaries

 

 

 

 

Capitalized Interest
177

 
284

 
230

 
288

 
267

 
 
 
 
 
 
 
 
 
 
Total Fixed Charges
$
346

 
$
626

 
$
546

 
$
576

 
$
617

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
47.24

 
56.17

 
83.19

 
82.41

 
52.10

____________
 
 
 
 
 
 
 
 
 
(1) 
Calculated as one-third of rentals. Considered a reasonable approximation of interest factor.
 

43