Exhibit 12.1
Marathon Oil Corporation
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
TOTAL ENTERPRISE BASIS—Unaudited
(Dollars in Millions)
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
TOTAL ENTERPRISE BASIS—Unaudited
(Dollars in Millions)
Nine Months | ||||||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||||||
September 30 | Year Ended December 31 | |||||||||||||||||||||||||||
2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||||
Portion of rentals representing interest | $ | 53 | $ | 45 | $ | 62 | $ | 57 | $ | 63 | $ | 66 | $ | 54 | ||||||||||||||
Capitalized interest, including discontinued operations | 107 | 73 | 83 | 48 | 41 | 16 | 27 | |||||||||||||||||||||
Other interest and fixed charges, including discontinued operations | 137 | 175 | 240 | 279 | 270 | 316 | 349 | |||||||||||||||||||||
Pretax earnings which would be required to cover preferred stock dividend requirements of parent | — | — | — | — | — | — | 12 | |||||||||||||||||||||
Combined fixed charges and preferred stock dividends (A) | $ | 297 | $ | 293 | $ | 385 | $ | 384 | $ | 374 | $ | 398 | $ | 442 | ||||||||||||||
Earnings-pretax income with applicable adjustments (B) | $ | 7,122 | $ | 3,292 | $ | 4,557 | $ | 2,905 | $ | 2,421 | $ | 1,446 | $ | 3,365 | ||||||||||||||
Ratio of (B) to (A) | 23.98 | 11.24 | 11.84 | 7.57 | 6.47 | 3.63 | 7.61 | |||||||||||||||||||||