1 EXHIBIT 11 FINA, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES FOR THE FIVE YEARS ENDING DECEMBER 31, 1996 (IN THOUSANDS) FINA, INC. CONSOLIDATED 1997 1996 1995 1994 1993 -------- -------- -------- -------- -------- Net pre-tax earnings.................... $188,207 $228,262 $161,078 $152,357 $ 96,115 Fixed charges........................... 58,945 55,086 61,561 56,010 69,106 Adjustment for capitalized interest..... (7,764) (4,889) (7,873) (2,422) (3,234) -------- -------- -------- -------- -------- Earnings as adjusted (A).............. $239,388 $278,459 $214,766 $205,945 $161,987 ======== ======== ======== ======== ======== Fixed Charges: Interest Expense:....................... $ 45,048 $ 43,137 $ 50,707 $ 47,023 $ 58,190 Rents under leases representative of an interest factor (1)................... 13,897 11,949 10,854 8,987 10,916 -------- -------- -------- -------- -------- Fixed Charges as adjusted (B)........... $ 58,945 $ 55,086 $ 61,561 $ 56,010 $ 69,106 ======== ======== ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES: (A) DIVIDED BY (B).......... 4.1 5.1 3.5 3.7 2.3 ======== ======== ======== ======== ======== FOCC CONSOLIDATED 1997 1996 1995 1994 1993 -------- -------- -------- -------- -------- Net pre-tax earnings.................... $176,434 $204,670 $152,824 $145,819 $100,147 Fixed charges........................... 57,911 54,980 61,420 55,863 68,747 Adjustment for capitalized interest..... (7,673) (4,852) (7,788) (2,371) (3,198) -------- -------- -------- -------- -------- Earnings as adjusted (A).............. $226,672 $254,798 $206,456 $199,311 $165,696 ======== ======== ======== ======== ======== Fixed Charges: Interest Expense........................ 45,048 $ 43,134 $ 50,706 $ 47,021 $ 58,182 Rents under leases representative of an interest factor(1).................... 12,863 11,846 10,714 8,842 10,565 -------- -------- -------- -------- -------- Fixed Charges as adjusted (B)......... $ 57,911 $ 54,980 $ 61,420 $ 55,863 $ 68,747 ======== ======== ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES: (A) DIVIDED BY (B).......... 3.9 4.6 3.4 3.6 2.4 ======== ======== ======== ======== ======== - --------------- (1) Management of the Company believes approximately one-third of rental and lease expense is representative of the interest component of rent expense.