Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - CONOCOPHILLIPS | d83722dex32.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d83722dex312.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d83722dex311.htm |
| 10-Q - 10-Q - CONOCOPHILLIPS | d83722d10q.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 |
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| 2015 | 2014 | |||||||
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|
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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 |
$ | (476 | ) | 7,126 | ||||
| Distributions greater (less) than equity in earnings of affiliates |
(41 | ) | 681 | * | ||||
| Fixed charges, excluding capitalized interest** |
548 | 418 | ||||||
|
|
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| $ | 31 | 8,225 | ||||||
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| Fixed Charges |
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| Interest and debt expense, excluding capitalized interest |
$ | 412 | 326 | |||||
| Capitalized interest |
191 | 241 | ||||||
| Interest portion of rental expense |
57 | 38 | ||||||
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|
||||||||
| $ | 660 | 605 | ||||||
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|
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| Ratio of Earnings to Fixed Charges*** |
— | 13.6 | ||||||
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* Includes a significant distribution from a Canadian joint venture.
** Includes amortization of capitalized interest totaling approximately $79 million in 2015 and $55 million in 2014.
*** Earnings were insufficient to cover fixed charges by $629 million in the second quarter of 2015.