EXHIBIT 11 CROWN CENTRAL PETROLEUM CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE (thousands of dollars except per share amounts) Six Months Ended June 30 1996 1995 --------- --------- Primary and Fully Diluted Earnings Per Share Net (loss) (9,998 $ (3,145 $ ) ) Shares outstanding as reported at January 1, 1996 and 1995, respectively 9,952,950 9,803,098 Restricted shares held by the Company at January 1 (255,300 (105,500 ) ) Weighted average effect of 26,589 shares of common stock issued in 1996 13,390 Weighted average effect of partial vesting of 1996 Performance Vested Restricted Stock grants 379 --------- --------- Weighted average number of common shares outstanding, as adjusted at June 30 1,419 9,71 9,697,598 ========= ========= Net (loss) per common share (1.03 $ $ ) ) (.32 ========= ========