Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - CHEVRON CORP | cvx09302017-10qdoc.htm |
| EX-32.2 - EXHIBIT 32.2 - CHEVRON CORP | a09302017ex322cfo-sox906.htm |
| EX-32.1 - EXHIBIT 32.1 - CHEVRON CORP | a09302017ex321ceo-sox906.htm |
| EX-31.2 - EXHIBIT 31.2 - CHEVRON CORP | a09302017ex312cfo-sox302.htm |
| EX-31.1 - EXHIBIT 31.1 - CHEVRON CORP | a09302017ex311ceo-sox302.htm |
| EX-10.1 - EXHIBIT 10.1 - CHEVRON CORP | a09302017ex101esiprestorat.htm |
Exhibit 12.1
CHEVRON CORPORATION — TOTAL ENTERPRISE BASIS
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30, 2017 | Year Ended December 31 | ||||||||||||||||||
2016 | 2015 | 2014 | 2013 | ||||||||||||||||
(Millions of dollars) | |||||||||||||||||||
Net Income (Loss) Attributable to Chevron Corporation | $ | 6,084 | $ | (497 | ) | $ | 4,587 | $ | 19,241 | $ | 21,423 | ||||||||
Income Tax Expense (Benefit) | 1,589 | (1,729 | ) | 132 | 11,892 | 14,308 | |||||||||||||
Distributions Less Than Equity in Earnings of Affiliates | (2,122 | ) | (1,227 | ) | (760 | ) | (2,202 | ) | (1,178 | ) | |||||||||
Noncontrolling Interests | 67 | 66 | 123 | 69 | 174 | ||||||||||||||
Previously Capitalized Interest Charged to Earnings During Period | 140 | 89 | 120 | 100 | 96 | ||||||||||||||
Interest and Debt Expense | 134 | 201 | — | — | — | ||||||||||||||
Interest Portion of Rentals 1 | 174 | 313 | 345 | 356 | 342 | ||||||||||||||
Earnings Before Provision for Taxes and Fixed Charges | $ | 6,066 | $ | (2,784 | ) | $ | 4,547 | $ | 29,456 | $ | 35,165 | ||||||||
Interest and Debt Expense | 134 | 201 | — | — | — | ||||||||||||||
Interest Portion of Rentals 1 | 174 | 313 | 345 | 356 | 342 | ||||||||||||||
Preferred Stock Dividends of Subsidiaries | — | — | — | — | — | ||||||||||||||
Capitalized Interest | 540 | 552 | 495 | 358 | 284 | ||||||||||||||
Total Fixed Charges | $ | 848 | $ | 1,066 | $ | 840 | $ | 714 | $ | 626 | |||||||||
Ratio of Earnings to Fixed Charges 2 | 7.15 | — | 5.41 | 41.25 | 56.17 | ||||||||||||||
___________________ | |||||||||||||||||||
1 Calculated as one-third of rentals. Considered a reasonable approximation of interest factor. | |||||||||||||||||||
2 The ratio coverage for the year ended December 31, 2016 was less than 1. Additional earnings of $3.9 billion would have been required to achieve a coverage of 1. | |||||||||||||||||||
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