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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 13, 1995
AMOCO CORPORATION
(Exact name of registrant as specified in its charter)
Indiana 1-170-2 36-1812780
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
200 East Randolph Drive, Chicago, Illinois 60601
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 856-6111
(No Change)
(Former name or former address, if changed since last report).
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
Amoco Corporation ("Amoco") disclosed that the basis upon which
operations are grouped for the purpose of business segment reporting to
the external financial community has been changed to align with Amoco's
organizational structure. Amoco restructured operations in 1994 into 17
business groups divided into three sectors - Exploration and Production
("E&P"), Petroleum Products and Chemicals. The changes in segment
reporting will enable Amoco to move to a common definition of segments
and sectors. The E&P segment is engaged in exploring for, developing,
and producing crude oil and natural gas; and extraction, transportation
and marketing of natural gas and natural gas liquids. The Petroleum
Products segment is responsible for petroleum refining operations,
marketing of refined petroleum products, transportation of crude oil and
petroleum products and associated supply and trading activities. The
Chemical segment manufactures and sells petroleum-based chemical
products. Corporate and Other Operations include net interest and
general corporate expenses as well as investments in technology
companies, real estate interests and other activities.
Shown below are restated segment earnings for the years 1994, 1993
and 1992. Also disclosed are restated quarterly data for 1994 and 1993.
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1994 1993 1992
Segment Earnings (millions of dollars)
Exploration and
Production
United States $ 820 $ 826 $ 788
Canada 199 449 38
Overseas 11 (150) 177
Subtotal $ 1,030 $ 1,125 $ 1,003
Petroleum Products 410 713 309
Chemicals 485 222 (91)
Corporate and
Other Operations (136) (240) (371)
Cumulative effects of
accounting changes -- -- (924)
Net Income $ 1,789 $ 1,820 $ (74)
Year 1994 First Second Third Fourth
Quarter Quarter Quarter Quarter
Segment Earnings (millions of dollars)
Exploration and
Production
United States $ 201 $ 296 $ 178 $ 145
Canada 83 22 27 67
Overseas 3 (69) (3) 80
Subtotal $ 287 $ 249 $ 202 $ 292
Petroleum Products 83 47 168 112
Chemicals 88 103 142 152
Corporate and
Other Operations (60) 11 (67) (20)
Net Income $ 398 $ 410 $ 445 $ 536
Year 1993 First Second Third Fourth
Quarter Quarter Quarter Quarter
Segment Earnings (millions of dollars)
Exploration and
Production
United States $ 256 $ 233 $ 154 $ 183
Canada 54 76 139 180
Overseas (124) 9 (44) 9
Subtotal $ 186 $ 318 $ 249 $ 372
Petroleum Products 56 227 201 229
Chemicals 46 44 60 72
Corporate and
Other Operations (59) (102) 10 (89)
Net Income $ 229 $ 487 $ 520 $ 584
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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 hereunto duly authorized.
AMOCO CORPORATION
(Registrant)
Date April 13, 1995 J. R. Reid
J. R. Reid
Vice President and Controller
(Duly Authorized and Chief
Accounting Officer)
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