EX-12.1 2 q12001_ex12-1.txt UNOCAL COMPUTATION
UNOCAL CORPORATION AND CONSOLIDATED SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES For the Three Months Ended March 31, --------------------------- Millions of dollars 2001 2000 ------------------------------------------------------------------------------------------------------------- Earnings from continuing operations $ 292 $ 124 Provision for income taxes 190 83 Minority Interests 16 (4) Distributions (less than) greater than earnings from equity investments 3 (6) ------------------------------------------------------------------------------------------------------------- Earnings subtotal 501 197 Fixed charges included in earnings: Interest expense 49 53 Distribution on convertible preferred securities 8 8 Interest portion of rentals 5 6 ------------------------------------------------------------------------------------------------------------- Fixed charges subtotal 62 67 Earnings from continuing operations available before fixed charges $ 563 $ 264 ============================================================================================================= Fixed charges: Fixed charges included in earnings $62 $67 Capitalized interest 5 2 ------------------------------------------------------------------------------------------------------------- Total fixed charges $67 $69 ------------------------------------------------------------------------------------------------------------- Ratio of earnings from operations to fixed charges 8.4 3.8 -------------------------------------------------------------------------------------------------------------