EXHIBIT 12(A)
AMOCO ARGENTINA OIL COMPANY
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STATEMENT SETTING FORTH COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
(MILLIONS OF DOLLARS, EXCEPT RATIOS)
NINE MONTHS
ENDED YEAR ENDED DECEMBER 31,
SEPTEMBER ---------------------------------
30, 1996 1995 1994 1993 1992 1991
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Determination of Income:
Consolidated earnings before income taxes
and minority interest.................... $ 137 $ 110 $ 86 $ 110 $ 96 $ 195
Fixed charges expensed by consolidated
companies................................ 7 11 5 -- -- --
Adjustments for certain companies accounted
for by the equity method................. -- -- -- -- -- --
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Adjusted earnings plus fixed charges......... $ 144 $ 121 $ 91 $ 110 $ 96 $ 195
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Determination of Fixed Charges:
Consolidated interest on indebtedness
(including interest capitalized)......... $ 7 $ 11 $ 5 $-- $-- $--
Consolidated rental expense representative
of an interest factor.................... -- -- -- -- -- --
Adjustments for certain companies accounted
for by the equity method................. -- -- -- -- -- --
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Total fixed charges.......................... $ 7 $ 11 $ 5 $-- $-- $--
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Ratio of earnings to fixed charges........... 20.6 11 18.2 N/A N/A N/A