EXHIBIT 21

                        SUBSIDIARIES OF THE REGISTRANT


<PAGE>
<PAGE>
<TABLE>
                                                                            Exhibit 21

                        THE LOUISIANA LAND AND EXPLORATION COMPANY
                                     AND SUBSIDIARIES

                              Subsidiaries of the Registrant
                                     December 31, 1995

<CAPTION>
                                                  % Ownership       Jurisdiction
                                                  by Immediate           of
                                                     Parent         Incorporation
_______________________________________________________________________________________
<S>                                                   <C>             <C>
The Louisiana Land and Exploration Company              -             Maryland
  LL&E Algeria, Ltd.                                  100             Bermuda
  LL&E Australia (Offshore) Pty., Ltd.                100             Australia
  LL&E (Australia) Pty., Ltd.                         100             Australia
  LL&E Canada Holdings, Inc.                          100             Delaware
  LL&E Colombia, Inc.                                 100             Delaware
  LL&E Egypt, Inc.                                    100             Delaware
  LL&E Erave Pty., Ltd.                               100             Papua New Guinea
  LL&E Espana, Inc.                                   100             Delaware
  LL&E (Europe-Africa-Middle East) Inc.               100             Delaware
  LL&E France, S.A.                                   100             France
  LL&E Gas Marketing, Inc.                            100             Delaware
  LL&E Gippsland Pty., Ltd.                           100             Australia
  LL&E, Inc.                                          100             Delaware
  LL&E Indonesia, Ltd.                                100             British Virgin Islands
  LL&E International, Inc.                            100             Delaware
  LL&E Mining, Inc.                                   100             Delaware
  LL&E (Netherlands) Inc.                             100             Delaware
    MaraLou Netherlands Partnership*                   50             Texas
      CLAM Petroleum Company                          100             Delaware
  LL&E Netherlands North Sea, Ltd.                    100             Canada
  LL&E Netherlands Petroleum Company                  100             Delaware
  LL&E Overseas Petroleum, Ltd.                       100             Delaware
  LL&E Peru (Maranon), Ltd.                           100             Bermuda
  LL&E Petroleum Marketing, Inc.                      100             Delaware
    LL&E Petroleum Terminals, Inc.                    100             Delaware
  LL&E Petroleum Resources International, Inc.        100             Delaware
  LL&E Pipeline Corporation                           100             Delaware
  LL&E PNG Pty., Ltd.                                 100             Papua New Guinea
  LL&E Properties, Inc.                               100             Texas
    Westport Utilities Systems Co., Inc.              100             Louisiana
  LL&E Sepik Pty., Ltd.                               100             Papua New Guinea
  LL&E Suez, Inc.                                     100             Delaware
  LL&E Timor Sea Pty., Ltd.                           100             Australia
  LL&E Tunisia, Inc.                                  100             Delaware
  LL&E Tunisia, Ltd.                                  100             Bermuda
  LL&E (U.K.) Inc.                                    100             Delaware
  LL&E Yemen, Ltd.                                    100             Bermuda
</TABLE>
<PAGE>
<PAGE>
<TABLE>
                                                                            Exhibit 21
                                                                           (Continued)

                        THE LOUISIANA LAND AND EXPLORATION COMPANY
                                     AND SUBSIDIARIES

                              Subsidiaries of the Registrant
                                     December 31, 1995

<CAPTION>
                                                   % Ownership       Jurisdiction
                                                   by Immediate           of
                                                      Parent         Incorporation
_______________________________________________________________________________________
   <S>                                                 <C>             <C>
   LLOXY Holdings, Inc.                                100             Maryland
     LLOXY Production Financing Company, Inc.          100             Delaware
   White Pine Leasing, Inc.                            100             Delaware
   Inexco Oil Company                                  100             Delaware
     Wilson Brothers Drilling Company                  100             Delaware
       LL&E Petroleum Resources Marketing, L.P.        100             Louisiana
   Evangeline Gas Corp.                                 45             Delaware

*  Unconsolidated affiliate accounted for under the equity method.

</TABLE>