Unocal Inactive 10-K2003 FY Annual report

Filed: 11 Mar 04, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: AAAm, abbreviation, absence, advisor, Affidavit, agenda, aggressively, aim, Alam, andGrynberg, andJohn, approach, ARO, ascertain, assumption, attention, auditor, Avenue, beneficiary, bifurcated, bit, BP, Brasileiro, breakdown, Browse, built, Burmese, Cameron, Champlain, Chinese, Chunxiao, citizen, cleaner, CNOOC, coal, comparison, compliant, conceptual, concurrently, contact, convened, counterclaimed, Cushing, deconsolidate, deconsolidation, Democracy, deposit, diluent, disappointing, discretionary, distillation, diversification, divestiture, draft, dramatically, driven, driver, drug, economy, EITF, electrify, encompassing, entry, error, Exam, excavated, excavation, fate, fill, FIN, fisher, fit, flaring, flat, Flom, foreseeable, fossil, Freedom, Gehem, geology, geopolitical, geoscience, GHG, gillespie, Guard, Happy, Harvest, heard, Henry, hired, immunity, impoundment, ineffective, injury, Internationally, intrastate, landfill, lender, Malo, mccormick, Meagher, medicare, medium, Miocene, Mobil, Modernization, mud, noteworthy, otherGrynberg, overpayment, parallel, Pepper, perception, Perdido, Petroleo, philosophy, picked, Pinghu, Platong, precise, prescription, print, province, Puma, RCA, RCx, readily, richard, Ridge, rotating, rural, SA, Saint, samuel, sanctioned, sanctioning, Segundo, shipper, shortly, Skadden, slight, soil, Sorrel, Sosa, speed, spite, sponsor, spud, steering, stop, stream, striving, stronger, subdivided, subsidy, substantive, subsurface, sulfur, sum, suwyn, swing, switch, switching, tam, Task, TCEQ, Texarkana, theDiscoverer, thegrynberg, thewright, track, traditional, trailing, Turkish, uncollectible, understanding, underway, unscheduled, untested, upward, USPTO, venting, verified, viable, VIE, Walker, weakening, weekly, Welfare, Writ, WTI, Yesx, Zhejiang

Removed: abandon, announced, Attorney, Bangkok, commerciality, confirmed, decreasing, derived, Discoverer, displaced, disposition, dispute, downturn, earned, EGAT, Espirito, excluded, exclusively, extinguishment, extraordinary, finally, flowed, French, Garden, gave, graphite, heavily, implementation, Infrequently, intent, Juan, Lahontan, lanthanide, largest, Latin, lesser, making, negotiate, outplacement, Permian, plateau, purported, purportedly, Ratchaburi, reach, refund, regional, reliance, resolving, San, Sangkarang, Santo, Sesulu, sic, Tosco, Unusual, Utah, Vanco, withdrawal

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Unocal similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

EXHIBIT 12.2

UNION OIL COMPANY OF CALIFORNIA AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


		Year ended December 31,
*Millions of dollars*		2003		2002		2001		2000			1999
Earnings from continuing operations		$	744	$	361	$	626	$	746		$	141
Provision for income taxes			531		287		457		500			128
Minority interests			9		6		41		16			16
Distributions (less than) greater than earnings from equity investments			39		6		69		(57	)		(4	)

Earnings subtotal^(a)			1,323		660		1,193		1,205			281

Fixed charges included in earnings:
Interest expense			190		179		192		210			199
Interest portion of rentals^(b)			24		23		19		20			22

Fixed charges subtotal			214		202		211		230			221

Earnings from continuing operations available before fixed charges		$	1,537	$	862	$	1,404	$	1,435		$	502

Fixed charges:
Fixed charges included in earnings			214		202		211		230			221
Capitalized interest			60		46		27		13			16

Total fixed charges		$	274	$	248	$	238	$	243		$	237

Ratio of earnings from continuing operations to fixed charges	��		5.6		3.5		5.9		5.9			2.1


^(a)Includes pre-tax impairment of :			93		47		137		66			23

The ratio of earnings, excluding impairment, to fixed charges would be:			5.9		3.7		6.5		6.2			2.2

^(b) Calculated as one-third of operating rental expense.