Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
| Three Months Ended March 31 |
||||||||
| 2013 | 2012 | |||||||
|
|
|
|||||||
| Earnings Available for Fixed Charges |
||||||||
| Income from continuing operations before income taxes and noncontrolling interests |
$ | 3,774 | 4,249 | |||||
| Distributions less than equity in earnings of affiliates |
(29) | (77) | ||||||
| Fixed charges, excluding capitalized interest* |
181 | 311 | ||||||
|
|
||||||||
| $ | 3,926 | 4,483 | ||||||
|
|
||||||||
|
|
||||||||
| Fixed Charges |
||||||||
| Interest and debt expense, excluding capitalized interest |
$ | 130 | 209 | |||||
| Capitalized interest |
179 | 146 | ||||||
| Interest portion of rental expense |
17 | 13 | ||||||
|
|
||||||||
| $ | 326 | 368 | ||||||
|
|
||||||||
|
|
||||||||
| Ratio of Earnings to Fixed Charges |
12.0 | 12.2 | ||||||
|
|
||||||||
* Includes amortization of capitalized interest totaling approximately $34 million in 2013 and $89 million in 2012.