Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges

|  | Millions of Dollars |
|  | Nine Months Ended |
|  | September 30 |
|  | 2010 |  |  | 2009 | **
Earnings Available for Fixed Charges |  |  |  |  |  |  |  |
Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges |  | $ | 15,414 |  |  |  | 6,804 |
Distributions less than equity in earnings of affiliates |  |  | (1,642 | ) |  |  | (1,818 | )
Fixed charges, excluding capitalized interest* |  |  | 1,223 |  |  |  | 1,220 |
|  | $ | 14,995 |  |  |  | 6,206 |
Fixed Charges |  |  |  |  |  |  |  |
Interest and debt expense, excluding capitalized interest |  | $ | 914 |  |  |  | 914 |
Capitalized interest |  |  | 359 |  |  |  | 378 |
Interest portion of rental expense |  |  | 154 |  |  |  | 155 |
|  | $ | 1,427 |  |  |  | 1,447 |
Ratio of Earnings to Fixed Charges |  |  | 10.5 |  |  |  | 4.3 |

* | Includes amortization of capitalized interest totaling approximately $155 million in 2010 and $150 million in 2009.
** | Recast to reflect a change in accounting principle. See Note 2—Changes in Accounting Principles in the company’s Quarterly Report on Form 10-Q for the period ended September 30, 2010, for more information.