EXHIBIT 12
                          AMOCO COMPANY

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


                                                                
                                    Year Ended December 31,
                                     
                              1996     1995     1994     1993     1992
Determination of Income:                                        
 Consolidated earnings                                          
  before income taxes                                           
  and minority interest..   $3,351   $2,425   $2,688   $2,427   $1,823
Fixed charges expensed by                                       
 consolidated companies..      251      233      140      193      238
Adjustments for certain                                         
 companies accounted for                                        
 by the equity method...        76       10        7        9       18
Adjusted earnings plus                                          
 fixed charges...........   $3,678   $2,668   $2,835   $2,629   $2,079
                                                                
Determination of Fixed Charges:                                         
Consolidated interest on                                        
 indebtedness (including                                        
 interest capitalized)...   $  164   $  152   $  127   $  162   $  219
Consolidated rental                                             
 expense representative                                         
 of an interest factor...       88       71        7       31       20
Adjustments for certain                                         
 companies accounted for                                        
 by the equity method....        8        6        5        6       12
Total fixed charges......   $  260   $  229   $  139   $  199   $  251
                                                                
Ratio of earnings to                                            
 fixed charges...........     14.2*    11.6*    20.4*    13.2      8.3
                                                                

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*Based  on  outstanding public debt obligations.  Including  debt
with affiliates, the ratio would have been 5.5 as of December 31,
1996,  4.4  as of December 31, 1995, and 13.0 as of December  31,
1994.