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

    Six Months Ended June 30, 1999 and Five Years Ended December 31, 1998


                           Six Months
                             Ended
                            June 30             Years Ended December 31
  thousands              1999     1998       1997     1996    1995    1994
                                                  
  Gross Income          $33,564 $ (7,388)  $205,318 $196,763 $65,624 $90,794
  Rentals                 5,880   12,477      8,266    4,234   2,457   2,814
  Earnings               39,444    5,089    213,584  200,997  68,081  93,608

  Gross Interest Expense 48,135   82,415     62,095   55,986  52,557  41,635
  Rentals                 5,880   12,477      8,266    4,234   2,457   2,814
  Fixed Charges         $54,015 $ 94,892   $ 70,361 $ 60,220 $55,014 $44,449

  Preferred Stock
   Dividends              8,531   10,951         --       --      --      --
  Combined Fixed Charges
   and Preferred Stock
   Dividends            $62,546 $105,843   $ 70,361 $ 60,220 $55,014 $44,449

  Ratio of Earnings to
   Fixed Charges           0.73     0.05       3.04     3.34    1.24    2.11

  Ratio of Earnings to
   Combined Fixed Charges
   and Preferred Stock
   Dividends               0.63     0.05       3.04     3.34    1.24    2.11



  For the six months ended June 30, 1999 and the year ended December 31,
  1998, Anadarko's earnings did not cover fixed charges by $15 million and
  $90 million, respectively, and did not cover combined fixed charges and
  preferred stock dividends by $23 million and $101 million, respectively.

  The 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.