EXHIBIT 12
                         AMOCO COMPANY

        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..  $2,120   $2,688   $2,427    $1,823    $2,093   $3,456
Fixed charges expensed by                                                       
 consolidated companies..     165      140      193       238       231       66
Adjustments for certain                                                         
 companies accounted for                                                        
  by the equity method...       11       7        9        18        12        4
Adjusted earnings plus                                                          
 fixed charges...........   $2,296  $2,835   $2,629    $2,079    $2,336   $3,746
                                                                                
Determination of Fixed Charges:                                                 
Consolidated interest on                                                        
 indebtedness (including                                                        
 interest capitalized)...   $  114  $  127   $  162    $  219    $  216   $   32
Consolidated rental                                                            
 expense representative                                                         
 of an interest factor...       52       7       31        20        22        0
Adjustments for certain                                                         
 companies accounted for                                                        
 by the equity method....        7       5        6        12        17        5
Total fixed charges......   $  173  $  139   $  199    $  251    $  255   $  277
                                                                                
Ratio of earnings to                                                            
 fixed charges...........    13.3*   20.4*     13.2       8.3       9.2      3.5
                                                                               


*Based on outstanding public debt obligations.  Including  debt
with  affiliates, the ratio would have been 4.9 as of September
30, 1995, and 13.0 as of December 31, 1994.