EXHIBIT 12
                                       
                              AMOCO COMPANY
                         ______________________
                                       
               STATEMENT SETTING FORTH COMPUTATION OF RATIO OF
                          EARNINGS TO FIXED CHARGES
                     (millions of dollars, except ratios)

                                                                      
                            Three                                     
                            Months                                    
                            Ended            Year Ended December 31,
                           March 31, 
                             1998      1997     1996    1995    1994    1993
Determination of Income:                                              
Consolidated earnings                                                 
 before income taxes                                                  
 and minority interest...    $  393  $3,235   $3,351  $2,425  $2,688  $2,427
Fixed charges expensed by                                             
 consolidated companies..        79     282      251     233     140     193
Adjustments for certain                                               
 companies accounted for                                              
  by the equity method...        32      50       76      10       7       9
Adjusted earnings plus                                                
 fixed charges...........    $  504  $3,567   $3,678  $2,668  $2,835  $2,629
                                                                      
Determination of Fixed Charges:                                       
Consolidated interest on                                              
 indebtedness (including                                              
 interest capitalized)...    $   59  $  212   $  164  $  152  $  127  $  162
Consolidated rental                                                   
 expense representative                                               
 of an interest factor...        21      84       88      71       7      31
Adjustments for certain                                               
 companies accounted for                                              
 by the equity method....        14       7        8       6       5       6
Total fixed charges......    $   94  $  303   $  260  $  229  $  139  $  199
                                                                      
Ratio of earnings to                                                  
 fixed charges...........       5.4*   11.8*    14.2*   11.6    20.4    13.2
                                                                      


*Based  on public debt obligations. Including debt with affiliates,  the
ratio  would have been 2.9 as of March 31, 1997, 5.0 as of December  31,
1997 and 5.5 as of December 31, 1996.