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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 14, 1997
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") changed the basis upon which
operations are grouped for the purpose of business segment
reporting to the external financial community to maintain
alignment with changes made in its internal structure. Recently,
Amoco restructured its Petroleum Products liquids marketing
businesses into a North American business unit. Accordingly,
beginning in the first quarter of 1997, Canadian supply and
marketing operations for crude oil, sulfur and natural gas
liquids will be included in the Petroleum Products segment.
Previously, those businesses were reported in the Exploration and
Production segment.
Shown below are restated segment earnings for the years
1996, 1995 and 1994. Also disclosed are restated quarterly data
for 1996 and 1995.
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1996 1995 1994
Segment Earnings (million of dollars)
Exploration and Production
United States ....... $1,132 $ 463 $ 820
Canada .............. 201 (102) 113
Overseas ............ 451 333 11
Subtotal .......... 1,784 694 944
Petroleum Products ..... 528 491 496
Chemicals .............. 735 963 485
Corporate and Other
Operations ............ (213) (286) (136)
Net Income ........ $2,834 $1,862 $1,789
Year 1996 First Second Third Fourth
Quarter Quarter Quarter Quarter
Segment Earnings (million of dollars)
Exploration and Production
United States ....... $ 281 $ 234 $ 224 $ 393
Canada .............. 90 26 8 77
Overseas ............ 121 85 104 141
Subtotal .......... 492 345 336 611
Petroleum Products ..... 62 119 119 228
Chemicals .............. 240 173 217 105
Corporate and Other
Operations ............ (66) (37) (37) (73)
Net Income ........ $ 728 $ 600 $ 635 $ 871
Year 1995 First Second Third Fourth
Quarter Quarter Quarter Quarter
Segment Earnings (million of dollars)
Exploration and Production
United States ....... $ 175 $ 189 $ 159 $ (60)
Canada .............. 6 11 (25) (94)
Overseas ............ 87 61 91 94
Subtotal .......... 268 261 225 (60)
Petroleum Products ..... 59 126 146 160
Chemicals .............. 233 246 296 188
Corporate and Other
Operations ............ (37) (100) (68) (81)
Net Income ........ $ 523 $ 533 $ 599 $ 207
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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 14, 1997 Judith G. Boynton
Judith G. Boynton
Vice President and Controller
(Duly Authorized and Chief
Accounting Officer)
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