10-Q/A

                                                                  

                             SECURITIES AND EXCHANGE COMMISSION
                                  WASHINGTON, D. C.  20549

                                        FORM 10-Q/A-1

(Mark One)
  X           QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
              SECURITIES EXCHANGE ACT OF 1934

                        For the quarterly period ended MARCH 31, 1995

              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 1-959


                         THE LOUISIANA LAND AND EXPLORATION COMPANY
                    Exact name of registrant as specified in its charter



              MARYLAND                                   72-0244700
State or other jurisdiction of                  I.R.S. Employer
incorporation or organization                  Identification No.

909 POYDRAS STREET, NEW ORLEANS, LA.                       70112  
Address of principal executive offices                   Zip Code


 Registrant's telephone number, including area code 504-566-6500


                          NO CHANGE
     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.  Yes    X  .  No       .

       Indicate the number of shares outstanding of each of the
issuer's classes of common stock, as of the latest practicable
date.

                                                     Outstanding at
          Class                                         May 1, 1995
CAPITAL STOCK, $.15 PAR VALUE                     33,414,202 SHARES

                                              
                                                                  

EX-27

 

<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONSOLIDATED BALANCE SHEET AND CONSOLIDATED STATEMENT OF
EARNINGS OF THE LOUISIANA LAND AND EXPLORATION COMPANY AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.  

<MULTIPLIER>  1,000
       
                                              
<PERIOD-TYPE>                                    3-MOS
<FISCAL-YEAR-END>                                        DEC-31-1995
<PERIOD-END>                                             MAR-31-1995
<CASH>                                                        12,300
<SECURITIES>                                                       0
<RECEIVABLES>                                                 98,500
<ALLOWANCES>                                                       0
<INVENTORY>                                                   24,400
<CURRENT-ASSETS>                                             144,700
<PP&E>                                                     3,078,800
<DEPRECIATION>                                             1,844,800
<TOTAL-ASSETS>                                             1,438,600
<CURRENT-LIABILITIES>                                        144,800
<BONDS>                                                      742,300
<COMMON>                                                       5,700
<PREFERRED-MANDATORY>                                              0
<PREFERRED>                                                        0
<OTHER-SE>                                                   349,800
<TOTAL-LIABILITY-AND-EQUITY>                               1,438,600
<SALES>                                                      191,300
<TOTAL-REVENUES>                                             193,100
<CGS>                                                              0
<TOTAL-COSTS>                                                167,600
<OTHER-EXPENSES>                                              10,700
<LOSS-PROVISION>                                                   0
<INTEREST-EXPENSE>                                             9,400
<INCOME-PRETAX>                                                5,400
<INCOME-TAX>                                                   1,900
<INCOME-CONTINUING>                                            3,500
<DISCONTINUED>                                                     0
<EXTRAORDINARY>                                                    0
<CHANGES>                                                          0
<NET-INCOME>                                                   3,500
<EPS-PRIMARY>                                                    .11
<EPS-DILUTED>                                                    .11
        




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