UNOCAL CORP
10-Q, EX-12.2, 2000-11-13
CRUDE PETROLEUM & NATURAL GAS
Previous: UNOCAL CORP, 10-Q, EX-12.1, 2000-11-13
Next: UNOCAL CORP, 10-Q, EX-27, 2000-11-13


                               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



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission