Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
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| Six Months Ended June 30 |
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| 2013 | 2012 | |||||||
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| Earnings Available for Fixed Charges |
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| Income from continuing operations before income taxes and noncontrolling interests that have not incurred fixed charges |
$ | 7,457 | 8,172 | |||||
| Distributions less than equity in earnings of affiliates |
(228) | (256) | ||||||
| Fixed charges, excluding capitalized interest* |
359 | 514 | ||||||
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|
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| $ | 7,588 | 8,430 | ||||||
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| Fixed Charges |
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| Interest and debt expense, excluding capitalized interest |
$ | 269 | 428 | |||||
| Capitalized interest |
365 | 290 | ||||||
| Interest portion of rental expense |
34 | 27 | ||||||
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|
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| $ | 668 | 745 | ||||||
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|
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| Ratio of Earnings to Fixed Charges |
11.4 | 11.3 | ||||||
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*Includes amortization of capitalized interest totaling approximately $57 million in 2013 and $59 million in 2012.