EXHIBIT 11 EXHIBIT 11 EXHIBIT 11 CROWN CENTRAL PETROLEUM CORPORATION AND SUBSIDIARIES COMPUTATION OF EARNINGS PER SHARE COMPUTATION OF EARNINGS PER SHARE COMPUTATION OF EARNINGS PER SHARE (thousands of dollars except per share amounts) Nine Months Ended September 30 _________ 1996 ____ ___ ________ 1995 Primary and Fully Diluted Primary and Fully Diluted Primary and Fully Diluted Earnings Per Share Earnings Per Share Earnings Per Share Net (loss) _ $ _ $______ (2,841 _ _______ _______ (13,634 __ ) ) ________ Shares outstanding as reported at January 1, 1996 and 1995, respectively 9,952,95 9,803,09 0 8 Restricted shares held by the Company at January 1 (255,300 (105,500 ) ) Weighted average effect of 34,728 shares of common stock issued in 1996 ______ 20,502 _ ______ Weighted average number of common shares outstanding, as adjusted at September 30 ________ 9,718,15 __ ________ 9,697,59 __ _________ ________ __ _ 2 _ 8 _ _ Net (loss) per common share _ $ _____ (1.40 _ _ $____ (.29 ) ) ______ _____