EX-12.2 4 0004.htm UNION OIL EARNINGS TO FIXED CHARGES RATIO Union Oil Earnings to Fixed Charges Ratio 
                               UNION OIL COMPANY OF CALIFORNIA AND CONSOLIDATED SUBSIDIARIES
                                     COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES








                                                                                                   For the Nine Months
                                                                                                   Ended September 30,
                                                                                              -------------------------------
Millions of dollars                                                                                2000                 1999
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Earnings from continuing operations                                                               $ 566                 $ 63
Provision for income taxes                                                                          311                   66
Minority Interests                                                                                    3                    8
Distributions (Less Than) Greater Than equity in earnings of affiliates                             (48)                   6
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         Earnings subtotal                                                                          832                  143
Fixed charges included in earnings:
   Interest expense                                                                                 159                  145
   Interest portion of rentals                                                                       17                   15
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         Fixed charges subtotal                                                                     176                  160
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Earnings from operations
   available before fixed charges                                                                $1,008                $ 303
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Fixed charges:
   Fixed charges included in earnings                                                             $ 176                $ 160
   Capitalized interest                                                                               9                   13
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         Total fixed charges                                                                      $ 185                $ 173
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Ratio of earnings from operations
   to fixed charges                                                                                 5.4                  1.7