UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT of 1934
For the quarterly period ended June 30, 1995
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT of 1934
For the transition period from___________________to__________________
Commission file number: 1-9409
DIAMOND SHAMROCK, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 74-2456753
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
9830 Colonnade Boulevard, San Antonio, Texas 78230
(Address of principal executive offices) (Zip Code)
210-641-6800
(Registrant's telephone number, including area code)
______________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.
(X) YES ( ) NO
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant has filed all documents and
reports required to be filed by Sections 12, 13, or 15(d) of the Securities
Exchange Act of 1934 subsequent to the distribution of securities under a plan
confirmed by a court.
( ) YES ( ) NO
APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Shares of Common Stock outstanding at July 31, 1995: 29,021,996
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
15.1 Independent Accountants' Awareness Letter
27.1 Financial Data Schedule
99.1 Forms of Diamond Shamrock, Inc. Medium Term Notes, Series B
(b) Reports on Form 8-K
A Report on Form 8-K was filed by the Company in the second
quarter of 1995 on June 1, 1995.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
DIAMOND SHAMROCK, INC.
By /S/ GARY E. JOHNSON
Gary E. Johnson
Vice President and Controller
(Principal Accounting Officer)
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<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> JUN-30-1995
<CASH> 16,700
<SECURITIES> 0
<RECEIVABLES> 242,600
<ALLOWANCES> 6,600
<INVENTORY> 241,000
<CURRENT-ASSETS> 513,000
<PP&E> 1,755,000
<DEPRECIATION> 648,100
<TOTAL-ASSETS> 1,672,200
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<BONDS> 0
<COMMON> 300
0
0
<OTHER-SE> 616,400
<TOTAL-LIABILITY-AND-EQUITY> 1,672,200
<SALES> 1,466,400
<TOTAL-REVENUES> 1,466,400
<CGS> 1,300,200
<TOTAL-COSTS> 1,300,200
<OTHER-EXPENSES> 90,100
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 22,800
<INCOME-PRETAX> 53,300
<INCOME-TAX> 19,900
<INCOME-CONTINUING> 33,400
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<EXTRAORDINARY> 0
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<NET-INCOME> 33,400
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