Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - CHEVRON CORP | cvx-06302015x10qdoc.htm |
| EX-31.2 - EXHIBIT 31.2 - CHEVRON CORP | cvx06302015ex312cfo-sox302.htm |
| EX-32.1 - EXHIBIT 32.1 - CHEVRON CORP | cvx06302015ex321ceo-sox906.htm |
| EX-31.1 - EXHIBIT 31.1 - CHEVRON CORP | cvx06302015ex311ceo-sox302.htm |
| EX-32.2 - EXHIBIT 32.2 - CHEVRON CORP | cvx06302015ex322cfo-sox906.htm |
| EX-95 - EXHIBIT 95 - CHEVRON CORP | cvx06302015ex95minesafety.htm |
Exhibit 12.1
CHEVRON CORPORATION — TOTAL ENTERPRISE BASIS
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, 2015 | Year Ended December 31 | ||||||||||||||||||
2014 | 2013 | 2012 | 2011 | ||||||||||||||||
(Millions of dollars) | |||||||||||||||||||
Net Income Attributable to Chevron Corporation | $ | 3,138 | $ | 19,241 | $ | 21,423 | $ | 26,179 | $ | 26,895 | |||||||||
Income Tax Expense | 1,060 | 11,892 | 14,308 | 19,996 | 20,626 | ||||||||||||||
Distributions Less Than Equity in Earnings of Affiliates | (183 | ) | (2,202 | ) | (1,178 | ) | (1,351 | ) | (570 | ) | |||||||||
Noncontrolling Interests | 70 | 69 | 174 | 157 | 113 | ||||||||||||||
Previously Capitalized Interest Charged to Earnings During Period | 61 | 100 | 96 | 123 | 117 | ||||||||||||||
Interest and Debt Expense | — | — | — | — | — | ||||||||||||||
Interest Portion of Rentals (1) | 176 | 356 | 342 | 316 | 288 | ||||||||||||||
Earnings Before Provision for Taxes and Fixed Charges | $ | 4,322 | $ | 29,456 | $ | 35,165 | $ | 45,420 | $ | 47,469 | |||||||||
Interest and Debt Expense | — | — | — | — | — | ||||||||||||||
Interest Portion of Rentals (1) | 176 | 356 | 342 | 316 | 288 | ||||||||||||||
Preferred Stock Dividends of Subsidiaries | — | — | — | — | — | ||||||||||||||
Capitalized Interest | 229 | 358 | 284 | 230 | 288 | ||||||||||||||
Total Fixed Charges | $ | 405 | $ | 714 | $ | 626 | $ | 546 | $ | 576 | |||||||||
Ratio of Earnings to Fixed Charges | 10.67 | 41.25 | 56.17 | 83.19 | 82.41 | ||||||||||||||
____________ | |||||||||||||||||||
(1) | Calculated as one-third of rentals. Considered a reasonable approximation of interest factor. |
42