EXHIBIT 11
EQUISTAR CHEMICALS, LP
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES - UNAUDITED
(Millions of Dollars)
One Month Year Year
Ended Ended Ended
December 31, December 31, December 31,
1997 1998 1998
(historical) (historical) (pro forma)
____________ ____________ _________
Income from operations before income
taxes $ 7 $143 $154
Fixed charges:
Interest expense, gross $10 $156 $186
Portion of rentals repre-
sentative of interest $ 4 $ 37 $ 38
___________ ___________ _________
Total fixed charges $14 $193 $224
___________ ___________ _________
Earnings $21 $336 $378
Ratio of earnings to fixed charges 1.5 1.7 1.7
EQUISTAR CHEMICALS, LP
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES - UNAUDITED
LYONDELL CONTRIBUTED BUSINESS
(Millions of Dollars)
Eleven
Months Ended Year Ended
November 30, December 31,
___________ ____________________
1997 1996 1995 1994
___________ ____ ____ ____
Historical Information
Income from operations before
income taxes $ 219 $ 102 $ 277 $ 137
Fixed charges:
Interest expense, gross $ 50 $ 65 $ 76 $ 73
Portion of rentals repre-
sentative of interest $ 14 $ 15 $ 13 $ 10
Total fixed charges $ 64 $ 80 $ 89 $ 83
Earnings $ 283 $ 182 $ 366 $ 220
Ratio of earnings to fixed charges 4.4 2.3 4.1 2.7
EQUISTAR CHEMICALS, LP
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES - UNAUDITED
MILLENNIUM CONTRIBUTED BUSINESS
(Millions of Dollars)
Eleven
Months Ended Year Ended
November 30, December 31,
___________ ____________________
1997 1996 1995 1994
___________ ____ ____ ____
Historical Information
Income from operations before
income taxes $ 147 $ 92 $ 243 $ 68
Fixed charges:
Interest expense, gross $ 66 $ 80 $ 80 $ 80
Portion of rentals repre-
sentative of interest $ 13 $ 15 $ 14 $ 13
Total fixed charges $ 79 $ 95 $ 94 $ 93
Earnings $ 226 $ 187 $ 337 $ 161
Ratio of earnings to fixed charges 2.9 2.0 3.6 1.7