Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - CONOCOPHILLIPS | d435312dex32.htm |
| EX-31.2 - EX-31.2 - CONOCOPHILLIPS | d435312dex312.htm |
| EX-31.1 - EX-31.1 - CONOCOPHILLIPS | d435312dex311.htm |
| 10-Q - FORM 10-Q - CONOCOPHILLIPS | d435312d10q.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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| 2017 | 2016 | |||||||
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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 |
$ | (4,620 | ) | (3,894 | ) | |||
| Distributions greater (less) than equity in earnings of affiliates |
(121 | ) | 222 | |||||
| Fixed charges, excluding capitalized interest* |
773 | 708 | ||||||
|
|
||||||||
| $ | (3,968 | ) | (2,964 | ) | ||||
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| Fixed Charges |
||||||||
| Interest and debt expense, excluding capitalized interest |
$ | 621 | 593 | |||||
| Capitalized interest |
55 | 83 | ||||||
| Interest portion of rental expense |
65 | 35 | ||||||
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|
||||||||
| $ | 741 | 711 | ||||||
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|
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| Ratio of Earnings to Fixed Charges** |
— | — | ||||||
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*Includes amortization of capitalized interest totaling approximately $87 million in 2017 and $80 million in 2016.
**Earnings for the six-month periods ended June 30, 2017 and 2016 were inadequate to cover fixed charges by $4,709 million and $3,675 million, respectively.