<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> DEC-31-1996 <CASH> 15,797 <SECURITIES> 0 <RECEIVABLES> 127,176 <ALLOWANCES> 7,386 <INVENTORY> 166,264 <CURRENT-ASSETS> 348,087 <PP&E> 1,376,638 <DEPRECIATION> 632,507 <TOTAL-ASSETS> 1,370,499 <CURRENT-LIABILITIES> 548,872 <BONDS> 455,228 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,148 <OTHER-SE> 231,593 <TOTAL-LIABILITY-AND-EQUITY> 1,370,499 <SALES> 1,961,316 <TOTAL-REVENUES> 1,968,013 <CGS> 1,544,955 <TOTAL-COSTS> 1,544,955 <OTHER-EXPENSES> 63,257 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 55,071 <INCOME-PRETAX> (10,292) <INCOME-TAX> (1,103) <INCOME-CONTINUING> (9,189) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (9,189) <EPS-PRIMARY> 0.00<F1> <EPS-DILUTED> 0.00<F1> <FN> <F1>Earnings per share have been omitted from the combined statement of income because Pennzoil Products Group consists of wholly owned subsidiaries of Pennzoil and is not a separate legal entity. </FN>