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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2017 |
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2016 |
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2015 |
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2014 |
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2013 |
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(millions of dollars) |
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Income from continuing operations attributable to ExxonMobil |
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19,710 |
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7,840 |
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16,150 |
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32,520 |
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32,580 |
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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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131 |
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(579) |
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(691) |
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(358) |
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3 |
Provision for income taxes |
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(1,174) |
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(406) |
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5,415 |
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18,015 |
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24,263 |
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Capitalized interest |
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(252) |
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(224) |
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(7) |
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121 |
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148 |
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Noncontrolling interests in earnings of consolidated subsidiaries |
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138 |
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535 |
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401 |
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1,095 |
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868 |
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18,553 |
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7,166 |
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21,268 |
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51,393 |
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57,862 |
Fixed Charges: |
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Interest expense - borrowings |
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465 |
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390 |
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211 |
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157 |
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137 |
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Capitalized interest |
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749 |
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708 |
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482 |
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344 |
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309 |
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Rental cost representative of interest factor |
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303 |
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433 |
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585 |
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618 |
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612 |
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1,517 |
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1,531 |
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1,278 |
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1,119 |
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1,058 |
Total adjusted earnings available for payment of fixed charges |
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20,070 |
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8,697 |
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22,546 |
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52,512 |
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58,920 |
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Number of times fixed charges are earned |
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13.2 |
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5.7 |
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17.6 |
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46.9 |
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55.7 |