| 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. |