Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - CONOCOPHILLIPS | d164470dex32.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d164470dex312.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d164470dex311.htm |
| 10-Q - 10-Q - CONOCOPHILLIPS | d164470d10q.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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| 2016 | 2015 | |||||||
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|
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| Earnings Available for Fixed Charges |
||||||||
| Loss before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | (3,894 | ) | (476 | ) | |||
| Distributions greater (less) than equity in earnings of affiliates |
222 | (41 | ) | |||||
| Fixed charges, excluding capitalized interest* |
708 | 548 | ||||||
|
|
||||||||
| $ | (2,964 | ) | 31 | |||||
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| Fixed Charges |
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| Interest and debt expense, excluding capitalized interest |
$ | 593 | 412 | |||||
| Capitalized interest |
83 | 191 | ||||||
| Interest portion of rental expense |
35 | 57 | ||||||
|
|
||||||||
| $ | 711 | 660 | ||||||
|
|
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| Ratio of Earnings to Fixed Charges** |
— | — | ||||||
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|
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*Includes amortization of capitalized interest totaling approximately $80 million in 2016 and $79 million in 2015.
**Earnings for the six-month periods ended June 30, 2016 and 2015 were inadequate to cover fixed charges by $3,675 million and $629 million, respectively.