EXHIBIT 12
                         AMOCO COMPANY

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


                                                           
                                   Year Ended December 31,
                             1995    1994    1993     1992    1991
Determination of Income:                                          
 Consolidated earnings                                            
  before income taxes                                             
  and minority interest..  $2,425  $2,688  $2,427   $1,823  $2,093
Fixed charges expensed by                                         
 consolidated companies..     233     140     193      238     231
Adjustments for certain                                           
 companies accounted for                                          
 by the equity method...       10       7       9       18      12
Adjusted earnings plus                                            
 fixed charges...........  $2,668  $2,835  $2,629   $2,079  $2,336
                                                                  
Determination of Fixed Charges:                                    
Consolidated interest on                                          
 indebtedness (including                                          
 interest capitalized)...  $  152  $  127  $  162   $  219  $  216
Consolidated rental                                               
 expense representative                                           
 of an interest factor...      71       7      31       20      22
Adjustments for certain                                           
 companies accounted for                                          
 by the equity method....       6       5       6       12      17
Total fixed charges......  $  229  $  139  $  199   $  251  $  255
                                                                  
Ratio of earnings to                                              
 fixed charges...........   11.6*   20.4*    13.2      8.3     9.2
                                                                  


*Based on outstanding public debt obligations.  Including  debt
with  affiliates, the ratio would have been 4.4 as of  December
31, 1995, and 13.0 as of December 31, 1994.