EXHIBIT 12


                       ANADARKO PETROLEUM CORPORATION
             CONSOLIDATED STATEMENT OF COMPUTATION OF RATIOS OF
                  EARNINGS TO FIXED CHARGES AND EARNINGS TO
            COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

  Three Months Ended March 31, 2000 and Five Years Ended December 31, 1999


                      Three Months
                          Ended
                        March 31            Years Ended December 31
thousands                   2000     1999      1998     1997     1996     1995
                                                     
Gross Income            $105,397 $178,941 $ (7,388) $205,318 $196,763  $65,624
Rentals                    3,038   11,120    12,477    8,266    4,234    2,457
Earnings                 108,435  190,061     5,089  213,584  200,997   68,081

Gross Interest Expense    26,190   96,116    82,415   62,095   55,986   52,557
Rentals                    3,038   11,120    12,477    8,266    4,234    2,457
Fixed Charges           $ 29,228 $107,236  $ 94,892 $ 70,361 $ 60,220  $55,014

Preferred Stock
 Dividends                 4,266   17,063    10,951       --       --       --

Combined Fixed Charges
 and Preferred Stock
 Dividends              $ 33,494 $124,299  $105,843 $ 70,361 $ 60,220  $55,014

Ratio of Earnings to
 Fixed Charges              3.71     1.77      0.05     3.04     3.34     1.24

Ratio of Earnings to
 Combined Fixed Charges
 and Preferred Stock
 Dividends                  3.24     1.53      0.05     3.04     3.34     1.24




  These ratios were computed by dividing earnings by either fixed charges or
  combined fixed charges and preferred stock dividends. For this purpose,
  earnings include income before income taxes and fixed charges.  Fixed
  charges include interest and amortization of debt expenses and the
  estimated interest component of rentals. Preferred stock dividends are
  adjusted to reflect the amount of pretax earnings required for payment.