Exxon Mobil Corp – ‘10-K’ for 12/31/95 – EX-12

As of:  Friday, 3/8/96   ·   For:  12/31/95   ·   Accession #:  930661-96-138   ·   File #:  1-02256

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Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Form 10-K for Fye 12/31/95                            16     84K 
 2: EX-3.II     Registrant's Bylaws, as Revised to January 31,         9     34K 
                          1996                                                   
 3: EX-12       Computation of Ratio of Earnings to Fixed Charges      1      7K 
 4: EX-13       Pgs F1,F3-F27 Financial Section of '95 A/R            43±   213K 
 5: EX-21       Subsidiaries of Registrant                             3     17K 
 6: EX-27       Article 5 Financial Data Schedule                      2      9K 

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

EX-12
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                                                                      EXHIBIT 12

EXXON CORPORATION 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 
(MILLIONS OF DOLLARS) 

                                                                [Download Table]

                                             YEAR ENDED DECEMBER 31,            
                                       ---------------------------------------- 
                                        1995     1994    1993    1992    1991   
                                       -------  ------  ------  ------  ------- 
                                                                                
Income before cumulative effect of                                              
 accounting changes..................  $ 6,470  $5,100  $5,280  $4,810  $ 5,600 
Excess/(shortfall) of dividends over                                            
 earnings of affiliates owned less                                              
 than 50% accounted for by the equity                                           
 method..............................       25     (20)    (24)    (28)     (75)
Provision for income taxes(1)........    4,428   3,025   3,113   2,811    3,304 
Capitalized interest.................     (418)   (306)   (291)   (287)    (256)
Minority interests in earnings of                                               
 consolidated subsidiaries...........      299     231     246     229      150 
                                       -------  ------  ------  ------  ------- 
                                        10,804   8,030   8,324   7,535    8,723 
                                       -------  ------  ------  ------  ------- 
Fixed Charges:(1)                                                               
 Interest expense--borrowings........      478     530     533     580      711 
 Capitalized interest................      533     405     374     364      331 
 Rental expense representative of                                               
  interest factor....................      416     401     387     382      391 
 Dividends on preferred stock........        3       3       7      29       27 
                                       -------  ------  ------  ------  ------- 
                                         1,430   1,339   1,301   1,355    1,460 
                                       -------  ------  ------  ------  ------- 
Total adjusted earnings available for                                           
 payment of fixed charges............  $12,234  $9,369  $9,625  $8,890  $10,183 
                                       =======  ======  ======  ======  ======= 
Number of times fixed charges are                                               
 earned..............................      8.6     7.0     7.4     6.6      7.0 

---------------------                                                           
Note:                                                                           
(1) The provision for income taxes and the fixed charges include Exxon          
Corporation's share of non-consolidated companies 50% owned.            

1