Exxon Mobil (XOM) 10-K 2005 FY Annual report

EXHIBIT 12

EXXON MOBIL CORPORATION

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,
	2005			2004			2003			2002			2001
	(millions of dollars)
Income from continuing operations	$	36,130		$	25,330		$	20,960		$	11,011		$	15,003
Excess/(shortfall) of dividends over earnings of affiliates owned less than 50 percent accounted for by the equity method		(513	)		(475	)		(205	)		(140	)		(108	)
Provision for income taxes(1)		24,885			16,644			11,734			7,073			9,599
Capitalized interest		(89	)		(180	)		(180	)		(143	)		(255	)
Minority interests in earnings of consolidated subsidiaries		795			773			692			206			556
		61,208			42,092			33,001			18,007			24,795
Fixed Charges:(1)
Interest expense—borrowings		200			182			182			368			328
Capitalized interest		443			515			497			442			529
Rental expense representative of interest factor		593			498			424			587			621
Dividends on preferred stock		7			5			3			5			8
		1,243			1,200			1,106			1,402			1,486
Total adjusted earnings available for payment of fixed charges	$	62,451		$	43,292		$	34,107		$	19,409		$	26,281
Number of times fixed charges are earned		50.2			36.1			30.8			13.8			17.7

Note:

(1) The provision for income taxes and the fixed charges include Exxon Mobil Corporation’s share of 50 percent-owned companies and majority-owned subsidiaries that are not consolidated.