Exhibit 12
CONOCOPHILLIPS AND CONSOLIDATED SUBSIDIARIES
TOTAL ENTERPRISE
Computation of Ratio of Earnings to Fixed Charges
| Millions of Dollars | ||||||||
| Six Months Ended June 30 | ||||||||
| 2017 | 2016 | |||||||
|
| |||||||
Earnings Available for Fixed Charges | ||||||||
Loss before income taxes and noncontrolling interests that have not incurred fixed charges | $ | (4,620 | ) | (3,894 | ) | |||
Distributions greater (less) than equity in earnings of affiliates | (121 | ) | 222 | |||||
Fixed charges, excluding capitalized interest* | 773 | 708 | ||||||
| ||||||||
| $ | (3,968 | ) | (2,964 | ) | ||||
| ||||||||
Fixed Charges | ||||||||
Interest and debt expense, excluding capitalized interest | $ | 621 | 593 | |||||
Capitalized interest | 55 | 83 | ||||||
Interest portion of rental expense | 65 | 35 | ||||||
| ||||||||
| $ | 741 | 711 | ||||||
| ||||||||
Ratio of Earnings to Fixed Charges** | — | — | ||||||
| ||||||||
*Includes amortization of capitalized interest totaling approximately $87 million in 2017 and $80 million in 2016.
**Earnings for thesix-month periods ended June 30, 2017 and 2016 were inadequate to cover fixed charges by $4,709 million and $3,675 million, respectively.