EXHIBIT 12

 

EXXON MOBIL CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

 

2017

 

2016

 

2015

 

2014

 

2013

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to ExxonMobil

 

19,710

 

7,840

 

16,150

 

32,520

 

32,580

Excess/(shortfall) of dividends over earnings of affiliates

 

 

 

 

 

 

 

 

 

 

 

accounted for by the equity method

 

131

 

(579)

 

(691)

 

(358)

 

3

Provision for income taxes

 

(1,174)

 

(406)

 

5,415

 

18,015

 

24,263

Capitalized interest

 

(252)

 

(224)

 

(7)

 

121

 

148

Noncontrolling interests in earnings of consolidated subsidiaries

 

138

 

535

 

401

 

1,095

 

868

 

 

 

18,553

 

7,166

 

21,268

 

51,393

 

57,862

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense - borrowings

 

465

 

390

 

211

 

157

 

137

 

Capitalized interest

 

749

 

708

 

482

 

344

 

309

 

Rental cost representative of interest factor

 

303

 

433

 

585

 

618

 

612

 

 

 

1,517

 

1,531

 

1,278

 

1,119

 

1,058

Total adjusted earnings available for payment of fixed charges

 

20,070

 

8,697

 

22,546

 

52,512

 

58,920

Number of times fixed charges are earned

 

13.2

 

5.7

 

17.6

 

46.9

 

55.7