Exhibit 12.2 Marathon Oil Corporation Computation of Ratio of Earnings to Fixed Charges TOTAL ENTERPRISE BASIS - Unaudited (Dollars in Millions) Three Months Ended March 31 Year Ended December 31 -------------- -------------------------------------- 2003 2002 2002 2001 2000 1999 1998 ------ ------ ------ ------ ------ ------ ------ Portion of rentals representing interest....... $ 15 $ 15 $ 66 $ 54 $ 50 $ 47 $ 51 Capitalized interest, including discontinued operations................. 6 3 16 27 19 26 46 Other interest and fixed charges, including discontinued operations.... 80 69 316 349 375 365 318 ------ ------ ------ ------ ------ ------ ------ Total fixed charges (A)..... $ 100 $ 87 $ 398 $ 430 $ 444 $ 438 $ 415 ====== ====== ====== ====== ====== ====== ====== Earnings-pretax income with applicable adjustments (B). $ 598 $ 195 $1,442 $3,212 $1,807 $1,864 $1,084 ====== ====== ====== ====== ====== ====== ====== Ratio of (B) to (A)......... 5.98 2.24 3.62 7.48 4.07 4.25 2.61 ====== ====== ====== ====== ====== ====== ======