EXHIBIT 12

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

2011

 

2010

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to ExxonMobil

 

32,520

 

32,580

 

44,880

 

41,060

 

30,460

Excess/(shortfall) of dividends over earnings of affiliates

 

 

 

 

 

 

 

 

 

 

 

accounted for by the equity method

 

(358)

 

3

 

(1,157)

 

(273)

 

(596)

Provision for income taxes

 

18,015

 

24,263

 

31,045

 

31,051

 

21,561

Capitalized interest

 

121

 

148

 

(67)

 

(159)

 

(126)

Noncontrolling interests in earnings of consolidated subsidiaries

 

1,095

 

868

 

2,801

 

1,146

 

938

 

 

 

51,393

 

57,862

 

77,502

 

72,825

 

52,237

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense - borrowings

 

157

 

137

 

117

 

77

 

28

 

Capitalized interest

 

344

 

309

 

506

 

593

 

532

 

Rental cost representative of interest factor

 

618

 

612

 

640

 

721

 

709

 

 

 

1,119

 

1,058

 

1,263

 

1,391

 

1,269

Total adjusted earnings available for payment of fixed charges

 

52,512

 

58,920

 

78,765

 

74,216

 

53,506

Number of times fixed charges are earned

 

46.9

 

55.7

 

62.4

 

53.4

 

42.2