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Exxon Mobil Corp – ‘10-K’ for 12/31/03 – EX-12

On:  Monday, 3/15/04, at 12:53pm ET   ·   For:  12/31/03   ·   Accession #:  1193125-4-41877   ·   File #:  1-02256

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/15/04  Exxon Mobil Corp                  10-K       12/31/03   13:2.9M                                   RR Donnelley/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.39M 
 2: EX-10.3(E)  Short Term Incentive Program                        HTML     45K 
 3: EX-10.3(J)  Terms for Restricted Stock Agreements               HTML     30K 
 4: EX-12       Computation of Ratio of Earnings to Fixed Charges   HTML     36K 
 5: EX-14       Code of Ethics and Business Conduct                 HTML     20K 
 6: EX-21       Subsidiaries of the Registrant                      HTML     70K 
 7: EX-23       Consent of Pricewaterhousecoopers                   HTML     13K 
 8: EX-31.1     Section 302 Cert - CEO                              HTML     15K 
 9: EX-31.2     Section 302 Cert - Principal Accounting Officer     HTML     15K 
10: EX-31.3     Section 302 Cert - Principal Financial Officer      HTML     16K 
11: EX-32.1     Section 906 Cert - CEO                              HTML      9K 
12: EX-32.2     Section 906 Cert - Principal Accounting Officer     HTML      9K 
13: EX-32.3     Section 906 Cert - Principal Financial Officer      HTML      9K 


EX-12   —   Computation of Ratio of Earnings to Fixed Charges


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  COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES  

EXHIBIT 12

 

EXXON MOBIL CORPORATION

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Years Ended December 31,

 
     2003

    2002

    2001

    2000

    1999

 
     (millions of dollars)  

Income from continuing operations

   $ 20,960     $ 11,011     $ 15,003     $ 15,806     $ 7,845  

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

     (205 )     (140 )     (108 )     (354 )     300  

Provision for income taxes(1)

     11,734       7,073       9,599       11,614       3,617  

Capitalized interest

     (180 )     (143 )     (255 )     (409 )     (423 )

Minority interests in earnings of consolidated subsidiaries

     692       206       556       346       139  
    


 


 


 


 


       33,001       18,007       24,795       27,003       11,478  
    


 


 


 


 


Fixed Charges:(1)

                                        

Interest expense—borrowings

     182       368       328       637       826  

Capitalized interest

     497       442       529       653       606  

Rental expense representative of interest factor

     424       587       621       551       617  

Dividends on preferred stock

     3       5       8       12       8  
    


 


 


 


 


       1,106       1,402       1,486       1,853       2,057  
    


 


 


 


 


Total adjusted earnings available for payment of fixed charges

   $ 34,107     $ 19,409     $ 26,281     $ 28,856     $ 13,535  
    


 


 


 


 


Number of times fixed charges are earned

     30.8       13.8       17.7       15.6       6.6  

 


 

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.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/15/04
For Period End:12/31/0311-K,  4
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Filing Submission 0001193125-04-041877   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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