Exhibit 11

                     AMOCO CORPORATION
                     _________________      
                                 
              COMPUTATION OF BASIC AND DILUTED
                    NET INCOME PER SHARE
               (in millions, except per share)
                              
                                   Year ended December 31,
                                     1997   1996    1995
Net income per share (basic)                      
Shares of common stock:                           
 Weighted average number of                       
  common shares outstanding......     490    497     495
Basic weighted average shares                     
 outstanding.....................     490    497     495
                                                  
                                                  
Net income.......................  $2,720 $2,834  $1,862
Net income used in computing net                  
 income per common share (basic).  $2,720 $2,834  $1,862
                                                  
                                                  
Net income per share (basic).....  $ 5.55 $ 5.69  $ 3.76
                                                  
                                                  
Net income per share (assuming dilution)          
Shares of common stock:                           
 Weighted average number of                       
  common shares outstanding......     490    497     495
 Dilutive effect of options......       3      2       2
Diluted weighted average shares                   
 outstanding.....................     493    499     497
                                                  
                                                  
Net income.......................  $2,720 $2,834  $1,862
Net income used in computing                      
 net income per common share                      
 (assuming dilution).............  $2,720 $2,834  $1,862
                                                  
                                                  
Net income per share (assuming                    
 dilution).......................  $ 5.52 $ 5.67  $ 3.75