EXHIBIT 12
EXXON MOBIL CORPORATION |
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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
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Years Ended December 31, |
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2013 |
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2012 |
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2011 |
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2010 |
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2009 |
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(millions of dollars) |
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Income from continuing operations attributable to ExxonMobil |
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32,580 |
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44,880 |
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41,060 |
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30,460 |
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19,280 |
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Excess/(shortfall) of dividends over earnings of affiliates |
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accounted for by the equity method |
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3 |
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(1,157) |
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(273) |
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(596) |
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(483) |
Provision for income taxes |
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24,263 |
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31,045 |
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31,051 |
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21,561 |
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15,119 |
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Capitalized interest |
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148 |
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(67) |
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(159) |
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(126) |
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(25) |
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Noncontrolling interests in earnings of consolidated subsidiaries |
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868 |
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2,801 |
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1,146 |
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938 |
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378 |
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57,862 |
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77,502 |
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72,825 |
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52,237 |
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34,269 |
Fixed Charges: |
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Interest expense - borrowings |
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137 |
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117 |
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77 |
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28 |
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48 |
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Capitalized interest |
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309 |
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506 |
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593 |
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532 |
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425 |
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Rental cost representative of interest factor |
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612 |
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640 |
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721 |
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709 |
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909 |
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1,058 |
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1,263 |
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1,391 |
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1,269 |
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1,382 |
Total adjusted earnings available for payment of fixed charges |
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58,920 |
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78,765 |
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74,216 |
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53,506 |
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35,651 |
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Number of times fixed charges are earned |
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55.7 |
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62.4 |
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53.4 |
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42.2 |
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25.8 |