EXHIBIT 12
                                                                         
                            AMOCO CORPORATION
                         ______________________

             STATEMENT SETTING FORTH COMPUTATION OF RATIO OF
                        EARNINGS TO FIXED CHARGES
                  (millions of dollars, except ratios)

                              Nine    
                             Months
                              Ended          Year Ended December 31,
                             Sept 30, 
                               1995     1994    1993     1992     1991    1990
                                                                        
Determination of Income:                                                
  Consolidated earnings                                                 
    before income taxes                                                 
    and minority interest..  $2,276   $2,491  $2,506   $  998   $2,035  $3,410
  Fixed charges expensed by                                             
    consolidated companies.     313      316     350      376      479     596
  Adjustments for certain                                               
    companies accounted for                                             
    by the equity method...      27        7      11       28       20      35
                                                                        
  Adjusted earnings plus                                                
    fixed charges..........  $2,616   $2,814  $2,867   $1,402   $2,534  $4,041
                                                                        
Determination of Fixed Charges:                                        
  Consolidated interest on                                              
    indebtedness (including                                             
    interest capitalized)..  $  239   $  288  $  299   $  333   $  433  $  532
  Consolidated rental                                                   
    expense representative                                              
    of an interest factor..      65       23      50       44       54      60
  Adjustments for certain                                               
    companies accounted for                                             
    by the equity method...       8        5       8       20       24      25
                                                                        
  Total fixed charges......  $  312   $  316  $  357   $  397   $  511  $  617
                                                                        
Ratio of earnings to                                                    
  fixed charges............     8.4      8.9     8.0      3.5      5.0     6.5