EXHIBIT 12
EXXON MOBIL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Years Ended December 31, |
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| 2008 |
2007 |
2006 |
2005 |
2004 |
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| (millions of dollars) | |||||||||||||||||||
| Income from continuing operations |
$45,220 | $ | 40,610 | $ | 39,500 | $ | 36,130 | $ | 25,330 | ||||||||||
| Excess/(shortfall) of dividends over earnings of affiliates owned less than 50 percent accounted for by the equity method |
208 | (537 | ) | (411 | ) | (513 | ) | (475 | ) | ||||||||||
| Provision for income taxes(1) |
38,442 | 31,065 | 28,795 | 24,885 | 16,644 | ||||||||||||||
| Capitalized interest |
(123 | ) | (182 | ) | (162 | ) | (89 | ) | (180 | ) | |||||||||
| Minority interests in earnings of consolidated subsidiaries |
1,647 | 1,005 | 1,051 | 795 | 773 | ||||||||||||||
| 85,394 | 71,961 | 68,773 | 61,208 | 42,092 | |||||||||||||||
| Fixed Charges:(1) |
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| Interest expense—borrowings |
243 | 179 | 184 | 200 | 182 | ||||||||||||||
| Capitalized interest |
515 | 558 | 532 | 443 | 515 | ||||||||||||||
| Rental expense representative of interest factor |
910 | 735 | 801 | 593 | 498 | ||||||||||||||
| Dividends on preferred stock |
— | — | — | 7 | 5 | ||||||||||||||
| 1,668 | 1,472 | 1,517 | 1,243 | 1,200 | |||||||||||||||
| Total adjusted earnings available for payment of fixed charges |
$87,062 | $ | 73,433 | $ | 70,290 | $ | 62,451 | $ | 43,292 | ||||||||||
| Number of times fixed charges are earned |
52.2 | 49.9 | 46.3 | 50.2 | 36.1 | ||||||||||||||
Note:
| (1) | The provision for income taxes and the fixed charges include Exxon Mobil Corporation’s share of 50 percent-owned companies and majority-owned subsidiaries that are not consolidated. |