Murphy Oil Corporation and Consolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Thousands of dollars)
Income from continuing operations before income taxes
Distributions (less than) greater than equity in earnings of affiliates
Previously capitalized interest charged to earnings during period
Interest and expense on indebtedness, excluding capitalized interest
Interest portion of rentals2
Earnings before provision for taxes and fixed charges
Total fixed charges
Ratio of earnings to fixed charges
Prior years reclassified to conform to current presentation.
Calculated as one-third of rentals. Considered a reasonable approximation of interest factor.