<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEET AND CONSOLIDATED STATEMENT OF EARNINGS OF THE LOUISIANA LAND AND EXPLORATION COMPANY AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 14,900 <SECURITIES> 0 <RECEIVABLES> 109,700 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 136,500 <PP&E> 3,113,700 <DEPRECIATION> 1,969,800 <TOTAL-ASSETS> 1,317,800 <CURRENT-LIABILITIES> 158,000 <BONDS> 427,900 <COMMON> 5,100 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 490,100 <TOTAL-LIABILITY-AND-EQUITY> 1,317,800 <SALES> 171,200 <TOTAL-REVENUES> 171,200 <CGS> 0 <TOTAL-COSTS> 127,400 <OTHER-EXPENSES> 2,800 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,900 <INCOME-PRETAX> 33,100 <INCOME-TAX> 11,900 <INCOME-CONTINUING> 21,200 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 21,200 <EPS-PRIMARY> .62 <EPS-DILUTED> .62