Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - CONOCOPHILLIPS | Financial_Report.xls |
| EX-32 - EX-32 - CONOCOPHILLIPS | d919912dex32.htm |
| EX-10.1 - EX-10.1 - CONOCOPHILLIPS | d919912dex101.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d919912dex312.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d919912dex311.htm |
| 10-Q - 10-Q - CONOCOPHILLIPS | d919912d10q.htm |
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
| Three Months Ended March 31 |
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| 2015 | 2014 | |||||||
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| Earnings Available for Fixed Charges |
||||||||
| Income (loss) from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | (371 | ) | 3,685 | ||||
| Distributions greater (less) than equity in earnings of affiliates |
80 | 1,131 | * | |||||
| Fixed charges, excluding capitalized interest** |
272 | 216 | ||||||
|
|
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| $ | (19 | ) | 5,032 | |||||
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| Fixed Charges |
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| Interest and debt expense, excluding capitalized interest |
$ | 202 | 171 | |||||
| Capitalized interest |
94 | 120 | ||||||
| Interest portion of rental expense |
29 | 19 | ||||||
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|
||||||||
| $ | 325 | 310 | ||||||
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|
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| Ratio of Earnings to Fixed Charges*** |
— | 16 | ||||||
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* Includes a significant distribution from a Canadian joint venture.
** Includes amortization of capitalized interest totaling approximately $41 million in 2015 and $27 million in 2014.
*** Earnings were insufficient to cover fixed charges by $344 million in the first quarter of 2015.