EXHIBIT 12 ATLANTIC RICHFIELD COMPANY STATEMENT SETTING FORTH DETAIL OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGED-UNAUDITED (Millions of Dollars) Six months Year Ended December 31 ended -------------------------------------- June 30, 1994 1993 1992 1991 1990 1989 ------------- ---- ---- ---- ---- ---- Income before income taxes, minority interest and cumulative effect of changes in accounting principles (1) . . . . . . $275 $ 634 $1,907 $1,160 $2,820 $3,161 Less: Undistributed income of less than 50% owned subsidiaries (net of losses) (2). . . . . . . . (14) - (12) (49) (84) (111) --- ----- ----- ----- ----- ----- Fixed charges: Interest expense charged to income, interest of appropriate unconsolidated subsidiaries, and portion of rentals representative of interest (3). . . . . 405 784 825 952 900 849 Capitalized interest . . . . 17 56 115 79 79 95 --- ----- ----- ----- ----- ----- Total fixed charges. . . . . 422 840 940 1,031 979 944 --- ----- ----- ----- ----- ----- Earnings (1) + (2) + (3) . . $666 $1,418 $2,720 $2,063 $3,636 $3,899 === ===== ===== ===== ===== ===== Ratio of earnings to fixed charges . . . . . 1.58 1.69 2.89 2.00 3.71 4.13 ==== ==== ==== ==== ==== ====