<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Condensed Statement of Income and the Condensed Statement of Financial Position and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000766916 <NAME> AMOCO COMPANY <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 66 <SECURITIES> 342 <RECEIVABLES> 4307 <ALLOWANCES> 7 <INVENTORY> 954 <CURRENT-ASSETS> 6520 <PP&E> 43621 <DEPRECIATION> 24240 <TOTAL-ASSETS> 30380 <CURRENT-LIABILITIES> 4817 <BONDS> 2953 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 12817 <TOTAL-LIABILITY-AND-EQUITY> 30380 <SALES> 5951 <TOTAL-REVENUES> 6936 <CGS> 4389 <TOTAL-COSTS> 4389 <OTHER-EXPENSES> 1445 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 184 <INCOME-PRETAX> 390 <INCOME-TAX> 93 <INCOME-CONTINUING> 297 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 297 <EPS-PRIMARY> 0 <EPS-DILUTED> 0