UNION OIL COMPANY OF CALIFORNIA AND CONSOLIDATED SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES For the Six Months Ended June 30, ----------------------------- Millions of dollars 2000 1999 - ------------------------------------------------------------------------------------------------------------------------------------ ............................................................................................. Earnings from continuing operations ............................................................. $ 381 $ 24 Provision for income taxes ...................................................................... 242 48 Minority Interests .............................................................................. (10) 4 Distributions (Less Than) Greater Than equity in earnings of affiliates ......................... (21) 1 - ------------------------------------------------------------------------------------------------------------------------------------ Earnings subtotal ..................................................................... 592 77 Fixed charges included in earnings: Interest expense ............................................................................. 106 93 Interest portion of rentals ................................................................. 12 10 - ------------------------------------------------------------------------------------------------------------------------------------ Fixed charges subtotal ................................................................. 118 103 - ------------------------------------------------------------------------------------------------------------------------------------ Earnings from operations available before fixed charges ............................................................... $ 710 $ 180 ==================================================================================================================================== Fixed charges: Fixed charges included in earnings ........................................................... $ 118 $ 103 Capitalized interest ......................................................................... 5 9 - ------------------------------------------------------------------------------------------------------------------------------------ Total fixed charges .................................................................... $ 123 $ 112 ==================================================================================================================================== Ratio of earnings from operations to fixed charges ............................................................................. 5.8 1.6