Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CHEVRON CORP | a03312018ex322cfo-sox906.htm |
| EX-32.1 - EXHIBIT 32.1 - CHEVRON CORP | a03312018ex321ceo-sox906.htm |
| EX-31.2 - EXHIBIT 31.2 - CHEVRON CORP | a03312018ex312cfo-sox302.htm |
| EX-31.1 - EXHIBIT 31.1 - CHEVRON CORP | a03312018ex311ceo-sox302.htm |
| 10-Q - 10-Q - CHEVRON CORP | cvx03312018-10qdoc.htm |
Exhibit 12.1
CHEVRON CORPORATION — TOTAL ENTERPRISE BASIS
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended March 31, 2018 | Year Ended December 31 | ||||||||||||||||||
2017 | 2016 | 2015 | 2014 | ||||||||||||||||
Net Income (Loss) Attributable to Chevron Corporation | $ | 3,638 | $ | 9,195 | $ | (497 | ) | $ | 4,587 | $ | 19,241 | ||||||||
Income Tax Expense (Benefit) | 1,414 | (48 | ) | (1,729 | ) | 132 | 11,892 | ||||||||||||
Distributions Less Than Equity in Earnings of Affiliates | (998 | ) | (2,214 | ) | (1,227 | ) | (760 | ) | (2,202 | ) | |||||||||
Noncontrolling Interests | 21 | 74 | 66 | 123 | 69 | ||||||||||||||
Previously Capitalized Interest Charged to Earnings During Period | 61 | 197 | 89 | 120 | 100 | ||||||||||||||
Interest and Debt Expense | 159 | 307 | 201 | — | — | ||||||||||||||
Interest Portion of Rentals 1 | 61 | 240 | 313 | 345 | 356 | ||||||||||||||
Earnings Before Provision for Taxes and Fixed Charges | $ | 4,356 | $ | 7,751 | $ | (2,784 | ) | $ | 4,547 | $ | 29,456 | ||||||||
Interest and Debt Expense | 159 | 307 | 201 | — | — | ||||||||||||||
Interest Portion of Rentals 1 | 61 | 240 | 313 | 345 | 356 | ||||||||||||||
Preferred Stock Dividends of Subsidiaries | — | — | — | — | — | ||||||||||||||
Capitalized Interest | 68 | 595 | 552 | 495 | 358 | ||||||||||||||
Total Fixed Charges | $ | 288 | $ | 1,142 | $ | 1,066 | $ | 840 | $ | 714 | |||||||||
Ratio of Earnings to Fixed Charges 2 | 15.13 | 6.79 | — | 5.41 | 41.25 | ||||||||||||||
___________________ | |||||||||||||||||||
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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