Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - CONOCOPHILLIPS | d84505dex32.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d84505dex311.htm |
| EX-10.1 - EX-10.1 - CONOCOPHILLIPS | d84505dex101.htm |
| 10-Q - FORM 10-Q - CONOCOPHILLIPS | d84505d10q.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d84505dex312.htm |
Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
| Nine Months Ended September 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 |
$ | (2,232 | ) | 9,656 | ||||
| Distributions greater (less) than equity in earnings of affiliates |
(79 | ) | 334 | * | ||||
| Fixed charges, excluding capitalized interest** |
849 | 614 | ||||||
|
|
||||||||
| $ | (1,462 | ) | 10,604 | |||||
|
|
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| Fixed Charges |
||||||||
| Interest and debt expense, excluding capitalized interest |
$ | 652 | 475 | |||||
| Capitalized interest |
255 | 372 | ||||||
| Interest portion of rental expense |
86 | 57 | ||||||
|
|
||||||||
| $ | 993 | 904 | ||||||
|
|
||||||||
| Ratio of Earnings to Fixed Charges*** |
— | 11.7 | ||||||
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|
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| * | Includes a significant distribution from a Canadian joint venture. |
| ** | Includes amortization of capitalized interest totaling approximately $111 million in 2015 and $82 million in 2014. |
| *** | Earnings for the nine-month period ended September 30, 2015 were inadequate to cover fixed charges by $2,455 million. |