EXHIBIT 12
EXXON MOBIL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Years Ended December 31, | ||||||||||||||||||||
| 2011 | 2010 |
2009 |
2008 |
2007 |
||||||||||||||||
| (millions of dollars) | ||||||||||||||||||||
| Income from continuing operations attributable to ExxonMobil |
$ | 41,060 | $ | 30,460 | $ | 19,280 | $ | 45,220 | $ | 40,610 | ||||||||||
| Excess/(shortfall) of dividends over earnings of affiliates accounted for by the equity method |
(495 | ) | (596 | ) | (483 | ) | 921 | (714 | ) | |||||||||||
| Provision for income taxes |
31,051 | 21,561 | 15,119 | 36,530 | 29,864 | |||||||||||||||
| Capitalized interest |
(159 | ) | (126 | ) | (25 | ) | (118 | ) | (181 | ) | ||||||||||
| Noncontrolling interests in earnings of consolidated subsidiaries |
1,146 | 938 | 378 | 1,647 | 1,005 | |||||||||||||||
| 72,603 | 52,237 | 34,269 | 84,200 | 70,584 | ||||||||||||||||
| Fixed Charges: |
||||||||||||||||||||
| Interest expense—borrowings |
77 | 28 | 48 | 175 | 110 | |||||||||||||||
| Capitalized interest |
593 | 532 | 425 | 510 | 557 | |||||||||||||||
| Rental cost representative of interest factor |
721 | 709 | 909 | 886 | 729 | |||||||||||||||
| 1,391 | 1,269 | 1,382 | 1,571 | 1,396 | ||||||||||||||||
| Total adjusted earnings available for payment of fixed charges |
$ | 73,994 | $ | 53,506 | $ | 35,651 | $ | 85,771 | $ | 71,980 | ||||||||||
| Number of times fixed charges are earned |
53.2 | 42.2 | 25.8 | 54.6 | 51.6 | |||||||||||||||