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Previous: VASTAR RESOURCES INC, 10-Q, EX-10.11, 2000-08-04 |
Next: VASTAR RESOURCES INC, 10-Q, EX-27, 2000-08-04 |
<PAGE>
EXHIBIT 12
VASTAR RESOURCES, INC.
STATEMENT SETTING FORTH DETAIL OF COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
For the six
months ended
June 30,
--------------
2000 1999
---- ----
(Millions of dollars,
except ratio amounts)
Income (loss) from continuing operations
before income taxes, minority
interest and cumulative effect of
change in accounting principle(1)............... $260.5 $34.6
Fixed Charges:
Interest expense charged to income,
and portion of rentals
representative of interest.................... 33.9 43.3
Capitalized Interest............................ 2.9 0.1
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Total fixed charges(2)............................. 36.8 43.4
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Earnings (1) + (2) $297.3 $78.0
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Ratio of earnings to fixed charges 8.1 1.8
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The Company has no issuances of preferred stock.
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