EXHIBIT 12
LYONDELL CHEMICAL COMPANY
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
(Millions of dollars)
TWELVE TWELVE TWELVE
MONTHS MONTHS MONTHS
ENDED ENDED ENDED
DECEMBER 31, DECEMBER 31, DECEMBER 31,
2001 2000 1999
------------- ------------ -------------
Income (loss) from continuing
operations before income taxes $ (221) $ 693 $(104)
FIXED CHARGES:
Interest expense, gross 495 627 717
Portion of rentals representative
of interest 44 46 53
------ ------ -----
Total fixed charges before
capitalized interest 539 673 770
Capitalized interest 3 - -
------ ------ -----
Total fixed charges including
capitalized interest 542 673 770
EARNINGS 318 1,366 666
Ratio of Earnings to Fixed
Charges (a) - 2.0x -
====== ====== =====
(a) In 2001 and 1999, earnings were insufficient to cover fixed charges by $224
million and $104 million, respectively.