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EXHIBIT 12(a)
AMOCO COMPANY
STATEMENT SETTING FORTH COMPUTATION OF RATIO OF
EARNINGS TO FIXED CHARGES
(millions of dollars, except ratios)
Six
Months
Ended Year Ended December 31,
June 30, --------------------------------------------------------------------
1997 1996 1995 1994 1993 1992
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Determination of Income:
Consolidated earnings
before income taxes
and minority interest... $1,520 $3,351 $2,425 $2,688 $2,427 $1,823
Fixed charges expensed by
consolidated companies.. 133 251 233 140 193 238
Adjustments for certain
companies accounted for
by the equity method... (4) 76 10 7 9 18
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Adjusted earnings plus
fixed charges........... $1,649 $3,678 $2,668 $2,835 $2,629 $2,079
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Determination of Fixed Charges:
Consolidated interest on
indebtedness (including
interest capitalized).. $ 96 $ 164 $ 152 $ 127 $ 162 $ 219
Consolidated rental
expense representative
of an interest factor... 43 88 71 7 31 20
Adjustments for certain
companies accounted for
by the equity method.... 4 8 6 5 6 12
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Total fixed charges...... $ 143 $ 260 $ 229 $ 139 $ 199 $ 251
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Ratio of earnings to
fixed charges........... 11.5* 14.2* 11.6* 20.4 13.2 8.3
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*Based on public debt obligations. Including debt with affiliates, the ratio
would have been 4.8 as of June 30, 1997, 5.5 as of December 31, 1996, and 4.4 as
of December 31, 1995.