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UNION OIL COMPANY OF CALIFORNIA AND CONSOLIDATED SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES For the Nine Months Ended September 30, ------------------------------- Millions of dollars 2000 1999 ----------------------------------------------------------------------------------------------------------------------------- Earnings from continuing operations $ 566 $ 63 Provision for income taxes 311 66 Minority Interests 3 8 Distributions (Less Than) Greater Than equity in earnings of affiliates (48) 6 ----------------------------------------------------------------------------------------------------------------------------- Earnings subtotal 832 143 Fixed charges included in earnings: Interest expense 159 145 Interest portion of rentals 17 15 ----------------------------------------------------------------------------------------------------------------------------- Fixed charges subtotal 176 160 ----------------------------------------------------------------------------------------------------------------------------- Earnings from operations available before fixed charges $1,008 $ 303 ============================================================================================================================= Fixed charges: Fixed charges included in earnings $ 176 $ 160 Capitalized interest 9 13 ----------------------------------------------------------------------------------------------------------------------------- Total fixed charges $ 185 $ 173 ============================================================================================================================= Ratio of earnings from operations to fixed charges 5.4 1.7
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