Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - MURPHY OIL CORP | Financial_Report.xls |
| EX-31.1 - EX-31.1 - MURPHY OIL CORP | mur-20150331xex311.htm |
| 10-Q - 10-Q - MURPHY OIL CORP | mur-20150331x10q.htm |
| EX-32 - EX-32 - MURPHY OIL CORP | mur-20150331xex32.htm |
| EX-31.2 - EX-31.2 - MURPHY OIL CORP | mur-20150331xex312.htm |
Murphy Oil Corporation and Consolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges (unaudited)
(Thousands of dollars)
|
Three Months |
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Ended |
Years Ended December 31, |
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|
Mar. 31, 2015 |
2014 |
2013 |
2012 |
2011 |
2010 |
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Income (loss) from continuing operations |
$ |
(117,728) | 1,252,270 | 1,472,687 | 1,368,010 | 1,167,875 | 1,115,639 | ||||||
|
Distributions greater than equity in earnings |
1,326 | 4,962 | 5,204 | 6,648 | 2,622 | 5,343 | |||||||
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Previously capitalized interest charged to |
7,739 | 19,760 | 16,896 | 18,061 | 18,757 | 29,401 | |||||||
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Interest and expense on indebtedness, |
28,085 | 115,819 | 71,900 | 14,932 | 40,700 | 34,728 | |||||||
|
Interest portion of rentals(1) |
8,308 | 46,528 | 44,478 | 42,103 | 42,235 | 44,122 | |||||||
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Earnings (loss) before provision for taxes |
$ |
(72,270) | 1,439,339 | 1,611,165 | 1,449,754 | 1,272,189 | 1,229,233 | ||||||
|
Interest and expense on indebtedness, |
28,085 | 115,819 | 71,900 | 14,932 | 40,700 | 34,728 | |||||||
|
Capitalized interest |
1,385 | 20,605 | 52,523 | 39,173 | 15,131 | 18,444 | |||||||
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Interest portion of rentals(1) |
8,308 | 46,528 | 44,478 | 42,103 | 42,235 | 44,122 | |||||||
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Total fixed charges |
$ |
37,778 | 182,952 | 168,901 | 96,208 | 98,066 | 97,294 | ||||||
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Ratio of earnings to fixed charges |
– |
(2) |
7.9 | 9.5 | 15.1 | 13.0 | 12.6 | ||||||
(1)Calculated as one-third of rentals. Considered a reasonable approximation of interest factor.
(2)Earnings for the three-month period ended March 31, 2015 were inadequate to cover fixed charges by $110,048.
Ex. 12-1