Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - WPX ENERGY, INC. | wpx2016093010q.htm |
| EX-32.1 - CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER - WPX ENERGY, INC. | exhibit32120160930.htm |
| EX-31.2 - CERTIFICATION BY THE CHIEF FINANCIAL OFFICER - WPX ENERGY, INC. | exhibit31220160930.htm |
| EX-31.1 - CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER - WPX ENERGY, INC. | exhibit31120160930.htm |
| EX-10.33 - FORM OF SEVERANCE AND RESTRICTIVE COVENANT AGREEMENT - WPX ENERGY, INC. | exhibit103320160930.htm |
Exhibit 12
WPX Energy, Inc.
Computation of Ratio of Earnings to Fixed Charges
Nine months ended September 30, | |||
2016 | |||
(Millions) | |||
Earnings: | |||
Income (loss) from continuing operations before income taxes | $ | (668 | ) |
Less: Equity earnings, excluding proportionate share from 50% owned investees and unconsolidated majority-owned investees | (1 | ) | |
Income (loss) before income taxes and equity earnings | (669 | ) | |
Add: | |||
Fixed Charges: | |||
Interest accrued, including proportionate share from 50% owned investees and unconsolidated majority-owned investees (a) | 159 | ||
Rental expense representative of interest factor | 5 | ||
Total fixed charges | 164 | ||
Total earnings as adjusted | $ | (505 | ) |
Fixed charges | $ | 164 | |
Ratio of earnings to fixed charges | (b) | ||
Preferred dividend requirement | $ | 6 | |
Combined fixed charges and preferred dividends | 170 | ||
Ratio of earnings to combined fixed charges and preferred dividends | (c) | ||
__________
(a) | Does not include interest related to income taxes, including interest related to liabilities for uncertain tax positions, which is included in provision (benefit) for income taxes in our Consolidated Statements of Operations. |
(b) | Earnings are inadequate to cover fixed charges by $669 million. |
(c) | Earnings are inadequate to cover combined fixed charges and preferred dividends by $675 million. |