EXHIBIT 12
VASTAR RESOURCES, INC.
STATEMENT SETTING FORTH DETAIL OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
For the Year
Ended
December 31,
-------------
1999 1998
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(Millions of
dollars,
except per
share
amounts)
Income from continuing operations before income taxes, minority
interest and cumulative effect of change in accounting
principle(1).................................................... $185.1 $ 51.2
Fixed Charges:
Interest expense charged to income, and portion of rentals
representative of interest(2)................................. 81.9 63.5
Capitalized Interest........................................... 0.7 0.0
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Total fixed charges.......................................... 82.6 63.5
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Earnings (1)+(2)................................................. $267.7 $114.7
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Ratio of earnings to fixed charges............................... 3.2 1.8
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The Company has no issuances of preferred stock.