EXHIBIT 12
EXXON MOBIL CORPORATION |
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES |
|||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
||||||||
|
|
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
|
|
|
(millions of dollars) |
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to ExxonMobil |
|
16,150 |
|
32,520 |
|
32,580 |
|
44,880 |
|
41,060 |
|
Excess/(shortfall) of dividends over earnings of affiliates |
|
|
|
|
|
|
|
|
|
|
|
|
accounted for by the equity method |
|
(691) |
|
(358) |
|
3 |
|
(1,157) |
|
(273) |
Provision for income taxes |
|
5,415 |
|
18,015 |
|
24,263 |
|
31,045 |
|
31,051 |
|
Capitalized interest |
|
(7) |
|
121 |
|
148 |
|
(67) |
|
(159) |
|
Noncontrolling interests in earnings of consolidated subsidiaries |
|
401 |
|
1,095 |
|
868 |
|
2,801 |
|
1,146 |
|
|
|
|
21,268 |
|
51,393 |
|
57,862 |
|
77,502 |
|
72,825 |
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense - borrowings |
|
211 |
|
157 |
|
137 |
|
117 |
|
77 |
|
Capitalized interest |
|
482 |
|
344 |
|
309 |
|
506 |
|
593 |
|
Rental cost representative of interest factor |
|
585 |
|
618 |
|
612 |
|
640 |
|
721 |
|
|
|
1,278 |
|
1,119 |
|
1,058 |
|
1,263 |
|
1,391 |
Total adjusted earnings available for payment of fixed charges |
|
22,546 |
|
52,512 |
|
58,920 |
|
78,765 |
|
74,216 |
|
Number of times fixed charges are earned |
|
17.6 |
|
46.9 |
|
55.7 |
|
62.4 |
|
53.4 |