EXHIBIT 12.2

UNION OIL COMPANY OF CALIFORNIA AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year ended December 31,
Millions of dollars	2003		2002		2001		2000			1999
Earnings from continuing operations	$	744	$	361	$	626	$	746		$	141
Provision for income taxes		531		287		457		500			128
Minority interests		9		6		41		16			16
Distributions (less than) greater than earnings from equity investments		39		6		69		(57	)		(4	)
Earnings subtotal (a)		1,323		660		1,193		1,205			281
Fixed charges included in earnings:
Interest expense		190		179		192		210			199
Interest portion of rentals (b)		24		23		19		20			22
Fixed charges subtotal		214		202		211		230			221
Earnings from continuing operations available before fixed charges	$	1,537	$	862	$	1,404	$	1,435		$	502
Fixed charges:
Fixed charges included in earnings		214		202		211		230			221
Capitalized interest		60		46		27		13			16
Total fixed charges	$	274	$	248	$	238	$	243		$	237
Ratio of earnings from continuing operations to fixed charges		5.6		3.5		5.9		5.9			2.1
(a)      Includes pre-tax impairment of :		93		47		137		66			23
The ratio of earnings, excluding impairment, to fixed charges would be:		5.9		3.7		6.5		6.2			2.2
(b)      Calculated as one-third of operating rental expense.