EXHIBIT 12

 

EXXON MOBIL CORPORATION

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Years Ended December 31,  
     2009     2008     2007     2006     2005  
     (millions of dollars)  

Income from continuing operations attributable to ExxonMobil

    $19,280      $45,220      $ 40,610      $ 39,500      $ 36,130   

Excess/(shortfall) of dividends over earnings of affiliates owned less than 50 percent accounted for by the equity method

    (253 )    208        (537 )      (411 )      (513 ) 

Provision for income taxes(1)

    16,236      38,442        31,065        28,795        24,885   

Capitalized interest

    (29 )    (123 )      (182 )      (162 )      (89 ) 

Noncontrolling interests in earnings of consolidated subsidiaries

    378      1,647        1,005        1,051        795   
                                    
   35,612      85,394        71,961        68,773        61,208   
                                    

Fixed Charges:(1)

           

Interest expense—borrowings

    70      243        179        184        200   

Capitalized interest

    429      515        558        532        443   

Rental expense representative of interest factor

    918      910        735        801        593   

Dividends on preferred stock

    —        —          —          —          7   
                                    
   1,417      1,668        1,472        1,517        1,243   
                                    

Total adjusted earnings available for payment of fixed charges

    $37,029      $87,062      $ 73,433      $ 70,290      $ 62,451   
                                    

Number of times fixed charges are earned

    26.1      52.2        49.9        46.3        50.2   

 

 

 

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.