____________________________________________________
      ____________________________________________________


               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


                            FORM 8-K

                         CURRENT REPORT


                Pursuant to Section 13 or 15(d) 
             of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  October 29, 1993



           THE LOUISIANA LAND AND EXPLORATION COMPANY

     (Exact name of registrant as specified in its charter)


                 _______________________________

   Maryland               1-959            72-0244700
(State or other       (Commission       (I.R.S. Employer
 jurisdiction          File Number)     Identification No.)
 of incorporation)

                 _______________________________

909 Poydras Street                             70112
New Orleans, Louisiana                       (Zip Code)
(Address of principal
  executive offices)

                 _______________________________


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



      ____________________________________________________
      ____________________________________________________
PAGE
<PAGE>
Item 5.   Other Events.

          On October 29, 1993, the registrant issued a press
release relating to the unaudited financial results for the
registrant's fiscal quarter ended September 30, 1993, which is
attached hereto and incorporated herein by reference.

Item 7.   Financial Statements and Exhibits.

     (c)  Exhibits

          Exhibit No.         Description

          99                  Press release dated October 29, 
                              1993.  

PAGE
<PAGE>
                           SIGNATURES

          Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.

                              THE LOUISIANA LAND AND 
                                EXPLORATION COMPANY
                                (Registrant)




Date:  October 29, 1993       By: s/Frederick J. Plaeger, II
                                  ________________________________
                                  Name:  Frederick J. Plaeger, II
                                  Title: General Counsel and
                                         Corporate Secretary


PAGE
<PAGE>

                          EXHIBIT INDEX


Number    Description                             Page

99        Press release dated October 29, 1993.     5
PAGE
<PAGE>
                                                 EXHIBIT 99



              LL&E Announces Third Quarter Results


New Orleans, Louisiana, October 29, 1993 . . . The Louisiana Land
and Exploration Company (NYSE:LLX) ("LL&E") today announced a $1.8
million net loss for the third quarter of 1993 ($0.06 per share).
The loss included the adverse impact of a one-time, non-cash charge
of $3.0 million, increasing the Company's deferred tax provision to
reflect the recent increase in federal corporate income tax rates.
In the same quarter of 1992, the Company reported net earnings of
$2.6 million or $0.09 per share after an extraordinary loss related
to the early retirement of debt totaling $5.6 million after tax, or
$0.20 per share and an $8.0 million pretax gain on the sale of oil
and gas properties.

The Company said that the decline in earnings was primarily the
result of sharply lower crude and condensate prices and lower
refining margins. Higher natural gas revenues, increased liquids
production and income associated with the settlement of a lease
ownership dispute partially offset the impact of these factors. The
Company also noted that its third quarter 1993 operating results
included no financial impact or incremental production from its
recently completed acquisition of NERCO Oil and Gas, Inc.

Third quarter 1993 worldwide crude and condensate production
increased 13 percent over prior year levels as a result of
production from new properties onstream and from property purchases
earlier in the year. However, significantly lower liquids prices
more than offset the benefit of increased production volumes.
Worldwide crude and condensate prices for the third quarter of 1993
declined over 20 percent from the same period a year ago, averaging
$15.63 per barrel compared with $19.60 in the 1992 period.  

Excluding the benefit of natural gas volumes associated with the
settlement of the lease ownership dispute, domestic natural gas
production grew 12 percent to 148.7 million cubic feet of gas per
day in the third quarter of 1993 compared with last year's same
period. Increased production from the Gulf of Mexico and south
Louisiana were responsible for the majority of the volume
improvement.  Prices received for natural gas in the U. S. in the
third quarter of 1993, excluding the impact of the lease
settlement, rose 24 percent from prior year levels, averaging $2.20
per thousand cubic feet compared with $1.78 in the same quarter in
1992. 
PAGE
<PAGE>
Refining and marketing operations incurred a $1.1 million pretax
loss in 1993's third quarter. Lower refined product prices and
profit margins were the primary contributors to the operating loss.
In the same period in 1992, refining and marketing pretax profits
totaled $2.1 million.

LL&E's earnings for the first nine months of 1993 totaled $6.7
million ($0.23 per share) after the effect of two accounting
changes recorded in the first quarter. The net non-cash benefit to
earnings from these changes totaled $0.2 million. In addition, the
Company's equity in the earnings of its 50 percent-owned affiliate,
CLAM Petroleum Company, was reduced by a non-cash charge of $3.0
million relating to CLAM's adoption of an accounting change
relating to income taxes.

For the first nine months of 1992, LL&E reported a loss of $18.5
million ($0.65 per share) after the effect of non-recurring items
totaling $32.9 million ($21.7 million after tax) and the
aforementioned extraordinary loss of $5.6 million. The non-
recurring items were related to the realignment of the Company's
domestic exploration and production operations, a reduction of a
litigation accrual and a provision for the uninsured portion of
possible losses associated with a gas well blowout.

A sharp increase in domestic natural gas prices, up 38 percent from
the same nine-month period in 1992, and the settlement of a lease
ownership dispute were the primary contributors to the improvement
in earnings in the first nine months of 1993. Mitigating the impact
of this improvement were lower worldwide liquids prices, down 8
percent from the same nine-month period in 1992, and a decline in
operating profits from the Company's refining and marketing
operations. For the first nine months of 1993, refining and
marketing reported a pretax loss of $1.1 million while in the same
period of 1992, the Company recorded pretax profits from those
operations of $11.7 million.

Cash flow from operating activities before changes in operating
assets and liabilities for the first nine months of 1993 totaled
$102 million compared with $113 million in the same period last
year. Capital expenditures rose 15 percent to $128.1 million for
the 1993 nine month period compared with $111.6 million in the same
period in 1992. Long-term debt including current maturities rose to
$748 million as of September 30, 1993 reflecting the $355 million
in debt incurred to consummate the acquisition of NERCO Oil and
Gas, Inc. 

PAGE
<PAGE>
<TABLE>
                   THE LOUISIANA LAND AND EXPLORATION COMPANY
                        (Millions, Except Per Share Data)
                                   (Unaudited)

<CAPTION>
                                              Consolidated
                                  Three Months Ended  Nine Months Ended
                                    September 30,       September 30,
                                  1993        1992      1993       1992

<S>                              <C>        <C>      <C>        <C>
Revenues                         $ 193.5    $ 208.5  $ 575.1    $ 583.7
Costs and Expenses               $ 190.9    $ 196.1  $ 557.5    $ 604.1
Earnings (Loss) Before
  Income Taxes                   $   2.6    $  12.4  $  17.6    $ (20.4)
Income Tax Expense (Benefit)     $   4.4    $   4.2  $  11.1    $  (7.5)
Earnings (Loss) Before Extra-
   ordinary Item                 $  (1.8)   $   8.2  $   6.5    $ (12.9)
  Cumulative Effect of Change in
  Accounting for Income Tax      $   -      $   -    $  13.7    $   -
  Cumulative Effect of Change in
  Accounting for Postretirement 
  Health Benefits                $   -      $   -    $ (13.5)   $   - 
  Loss on Early Retirement of
  Debt                           $   -      $  (5.6) $   -      $  (5.6)
Net Earnings (Loss)              $  (1.8)   $   2.6  $   6.7    $ (18.5)

Primary and Fully Diluted Earnings
  (Loss) Per Share Before Extra-
   ordinary Item                 $ (0.06)   $  0.29  $  0.22    $ (0.45)
  Cumulative Effect of Change in
   Accounting for Income Tax     $   -      $   -    $  0.48    $   -
  Cumulative Effect of Change in
   Accounting for Postretirement
   Health Benefits               $   -      $   -    $ (0.47)   $   - 
  Loss on Early Retirement of
  Debt                           $   -      $ (0.20) $   -      $ (0.20)
Primary and Fully Diluted Earnings
  (Loss) Per Share               $ (0.06)   $  0.09  $  0.23    $ (0.65)
Average Shares                      28.9       28.4     28.7       28.4

Produced and Sold:
  Crude and Condensate (Thousands
   of Barrels Per Day)
      Domestic                      21.4       18.9     20.8       19.4
      North Sea                      6.2        5.9      6.3        6.5
      Other foreign                  6.6        5.4      6.8        5.8
            Total                   34.2       30.2     33.9       31.7

  Average Price Received
  (Per Barrel)
      Domestic                   $ 16.13    $ 20.39  $ 17.63    $ 19.12
      North Sea                  $ 15.79    $ 19.95  $ 16.87    $ 19.20
      Other foreign              $ 13.84    $ 16.53  $ 15.07    $ 14.91
  Consolidated                   $ 15.63    $ 19.60  $ 16.97    $ 18.36
/TABLE><PAGE
<PAGE>
<TABLE>

<S>                              <C>        <C>      <C>        <C>
  Plant Products (Thousands of
   Barrels Per Day)   
      Domestic                       2.3        2.4      2.4        2.3
      North Sea                       .5         .4       .4         .5
            Total                    2.8        2.8      2.8        2.8

  Average Price Received
  (Per Barrel)
      Domestic                   $ 10.75    $ 13.18  $ 11.55    $ 12.78
      North Sea                  $ 12.53    $ 13.11  $ 12.92    $ 14.19
      Consolidated               $ 11.05    $ 13.17  $ 11.74    $ 13.00

  Natural Gas (Millions of Cubic
   Feet Per Day)   
      Domestic                     165.5      132.6    150.2      143.3
      North Sea                       .2         .2       .2         .2
      Other foreign                  3.6        3.8      5.1        4.8 
      CLAM Petroleum Company        10.8       18.5     31.6       38.1
            Total                  180.1      155.1    187.1      186.4
 
  Average Price Received (Per
   Thousand Cubic Feet)
      Domestic                   $  2.15    $  1.78  $  2.14    $  1.55
      North Sea                  $  1.36    $  2.22  $  1.51    $  1.84
      Other foreign              $  1.24    $  0.81  $  1.28    $  0.83
      CLAM Petroleum Company     $  2.93    $  2.87  $  2.51    $  2.78
      Consolidated               $  2.18    $  1.88  $  2.18    $  1.78

  Refining & Marketing Data:

  Revenues (1)                   $ 108.4    $ 126.1  $ 319.7    $ 347.2
  Costs and Expenses (1)         $ 110.3    $ 125.5  $ 322.6    $ 339.8
  Refining Profit (Loss)
   Before Income Taxes           $  (1.9)   $    .6  $  (2.9)   $   7.4

  Crude Marketing Gain (Loss)    $   0.8    $   1.5  $   1.8    $   4.3

  R&M Operating Profit (Loss)    $  (1.1)   $   2.1  $  (1.1)   $  11.7

  Sales (Thousands of Barrels
   Per Day)                         57.1       57.4     53.6       53.5

  Average Price Received
  (Per Barrel)                   $ 20.57    $ 23.90  $ 21.75    $ 23.68
<FN>

(1)      Before elimination of intracompany transfers
</TABLE>
[{"type": "8-K", "sequence": "1", "description": "8-K", "secsgml_size_bytes": 12517}]
{"company-data": {"conformed-name": "LOUISIANA LAND & EXPLORATION CO", "cik": "0000060512", "assigned-sic": "1311", "irs-number": "720244700", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-00959", "film-number": "94500406"}, "business-address": {"street1": "909 POYDRAS ST", "city": "NEW ORLEANS", "state": "LA", "zip": "70112", "phone": "5045666500"}, "mail-address": {"street2": "P O BOX 60350", "city": "NEW ORLEANS", "state": "LA", "zip": "70160"}}
____________________________________________________
      ____________________________________________________

               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549

                            FORM 8-K

                         CURRENT REPORT

                Pursuant to Section 13 or 15(d) 
             of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 29, 1993

           THE LOUISIANA LAND AND EXPLORATION COMPANY

     (Exact name of registrant as specified in its charter)

                 _______________________________

   Maryland               1-959            72-0244700
(State or other       (Commission       (I.R.S. Employer
 jurisdiction          File Number)     Identification No.)
 of incorporation)

                 _______________________________

909 Poydras Street                             70112
New Orleans, Louisiana                       (Zip Code)
(Address of principal
  executive offices)

                 _______________________________

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

      ____________________________________________________
      ____________________________________________________
PAGE
Item 5.   Other Events.

          On October 29, 1993, the registrant issued a press
release relating to the unaudited financial results for the
registrant's fiscal quarter ended September 30, 1993, which is
attached hereto and incorporated herein by reference.

Item 7.   Financial Statements and Exhibits.

     (c)  Exhibits

          Exhibit No.         Description

          99                  Press release dated October 29, 
                              1993.  

PAGE
SIGNATURES

          Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.

                              THE LOUISIANA LAND AND 
                                EXPLORATION COMPANY
                                (Registrant)

Date:  October 29, 1993       By: s/Frederick J. Plaeger, II
                                  ________________________________
                                  Name:  Frederick J. Plaeger, II
                                  Title: General Counsel and
                                         Corporate Secretary

PAGE
EXHIBIT INDEX

Number    Description                             Page

99        Press release dated October 29, 1993.     5
PAGE
EXHIBIT 99

              LL&E Announces Third Quarter Results

New Orleans, Louisiana, October 29, 1993 . . . The Louisiana Land
and Exploration Company (NYSE:LLX) ("LL&E") today announced a $1.8
million net loss for the third quarter of 1993 ($0.06 per share).
The loss included the adverse impact of a one-time, non-cash charge
of $3.0 million, increasing the Company's deferred tax provision to
reflect the recent increase in federal corporate income tax rates.
In the same quarter of 1992, the Company reported net earnings of
$2.6 million or $0.09 per share after an extraordinary loss related
to the early retirement of debt totaling $5.6 million after tax, or
$0.20 per share and an $8.0 million pretax gain on the sale of oil
and gas properties.

The Company said that the decline in earnings was primarily the
result of sharply lower crude and condensate prices and lower
refining margins. Higher natural gas revenues, increased liquids
production and income associated with the settlement of a lease
ownership dispute partially offset the impact of these factors. The
Company also noted that its third quarter 1993 operating results
included no financial impact or incremental production from its
recently completed acquisition of NERCO Oil and Gas, Inc.

Third quarter 1993 worldwide crude and condensate production
increased 13 percent over prior year levels as a result of
production from new properties onstream and from property purchases
earlier in the year. However, significantly lower liquids prices
more than offset the benefit of increased production volumes.
Worldwide crude and condensate prices for the third quarter of 1993
declined over 20 percent from the same period a year ago, averaging
$15.63 per barrel compared with $19.60 in the 1992 period.  

Excluding the benefit of natural gas volumes associated with the
settlement of the lease ownership dispute, domestic natural gas
production grew 12 percent to 148.7 million cubic feet of gas per
day in the third quarter of 1993 compared with last year's same
period. Increased production from the Gulf of Mexico and south
Louisiana were responsible for the majority of the volume
improvement.  Prices received for natural gas in the U. S. in the
third quarter of 1993, excluding the impact of the lease
settlement, rose 24 percent from prior year levels, averaging $2.20
per thousand cubic feet compared with $1.78 in the same quarter in
1992. 
PAGE
Refining and marketing operations incurred a $1.1 million pretax
loss in 1993's third quarter. Lower refined product prices and
profit margins were the primary contributors to the operating loss.
In the same period in 1992, refining and marketing pretax profits
totaled $2.1 million.

LL&E's earnings for the first nine months of 1993 totaled $6.7
million ($0.23 per share) after the effect of two accounting
changes recorded in the first quarter. The net non-cash benefit to
earnings from these changes totaled $0.2 million. In addition, the
Company's equity in the earnings of its 50 percent-owned affiliate,
CLAM Petroleum Company, was reduced by a non-cash charge of $3.0
million relating to CLAM's adoption of an accounting change
relating to income taxes.

For the first nine months of 1992, LL&E reported a loss of $18.5
million ($0.65 per share) after the effect of non-recurring items
totaling $32.9 million ($21.7 million after tax) and the
aforementioned extraordinary loss of $5.6 million. The non-
recurring items were related to the realignment of the Company's
domestic exploration and production operations, a reduction of a
litigation accrual and a provision for the uninsured portion of
possible losses associated with a gas well blowout.

A sharp increase in domestic natural gas prices, up 38 percent from
the same nine-month period in 1992, and the settlement of a lease
ownership dispute were the primary contributors to the improvement
in earnings in the first nine months of 1993. Mitigating the impact
of this improvement were lower worldwide liquids prices, down 8
percent from the same nine-month period in 1992, and a decline in
operating profits from the Company's refining and marketing
operations. For the first nine months of 1993, refining and
marketing reported a pretax loss of $1.1 million while in the same
period of 1992, the Company recorded pretax profits from those
operations of $11.7 million.

Cash flow from operating activities before changes in operating
assets and liabilities for the first nine months of 1993 totaled
$102 million compared with $113 million in the same period last
year. Capital expenditures rose 15 percent to $128.1 million for
the 1993 nine month period compared with $111.6 million in the same
period in 1992. Long-term debt including current maturities rose to
$748 million as of September 30, 1993 reflecting the $355 million
in debt incurred to consummate the acquisition of NERCO Oil and
Gas, Inc. 

PAGE
THE LOUISIANA LAND AND EXPLORATION COMPANY
                        (Millions, Except Per Share Data)
                                   (Unaudited)
Consolidated
                                  Three Months Ended  Nine Months Ended
                                    September 30,       September 30,
                                  1993        1992      1993       1992
Revenues                         $ 193.5    $ 208.5  $ 575.1    $ 583.7
Costs and Expenses               $ 190.9    $ 196.1  $ 557.5    $ 604.1
Earnings (Loss) Before
  Income Taxes                   $   2.6    $  12.4  $  17.6    $ (20.4)
Income Tax Expense (Benefit)     $   4.4    $   4.2  $  11.1    $  (7.5)
Earnings (Loss) Before Extra-
   ordinary Item                 $  (1.8)   $   8.2  $   6.5    $ (12.9)
  Cumulative Effect of Change in
  Accounting for Income Tax      $   -      $   -    $  13.7    $   -
  Cumulative Effect of Change in
  Accounting for Postretirement 
  Health Benefits                $   -      $   -    $ (13.5)   $   - 
  Loss on Early Retirement of
  Debt                           $   -      $  (5.6) $   -      $  (5.6)
Net Earnings (Loss)              $  (1.8)   $   2.6  $   6.7    $ (18.5)

Primary and Fully Diluted Earnings
  (Loss) Per Share Before Extra-
   ordinary Item                 $ (0.06)   $  0.29  $  0.22    $ (0.45)
  Cumulative Effect of Change in
   Accounting for Income Tax     $   -      $   -    $  0.48    $   -
  Cumulative Effect of Change in
   Accounting for Postretirement
   Health Benefits               $   -      $   -    $ (0.47)   $   - 
  Loss on Early Retirement of
  Debt                           $   -      $ (0.20) $   -      $ (0.20)
Primary and Fully Diluted Earnings
  (Loss) Per Share               $ (0.06)   $  0.09  $  0.23    $ (0.65)
Average Shares                      28.9       28.4     28.7       28.4

Produced and Sold:
  Crude and Condensate (Thousands
   of Barrels Per Day)
      Domestic                      21.4       18.9     20.8       19.4
      North Sea                      6.2        5.9      6.3        6.5
      Other foreign                  6.6        5.4      6.8        5.8
            Total                   34.2       30.2     33.9       31.7

  Average Price Received
  (Per Barrel)
      Domestic                   $ 16.13    $ 20.39  $ 17.63    $ 19.12
      North Sea                  $ 15.79    $ 19.95  $ 16.87    $ 19.20
      Other foreign              $ 13.84    $ 16.53  $ 15.07    $ 14.91
  Consolidated                   $ 15.63    $ 19.60  $ 16.97    $ 18.36
/TABLE>
Plant Products (Thousands of
   Barrels Per Day)   
      Domestic                       2.3        2.4      2.4        2.3
      North Sea                       .5         .4       .4         .5
            Total                    2.8        2.8      2.8        2.8

  Average Price Received
  (Per Barrel)
      Domestic                   $ 10.75    $ 13.18  $ 11.55    $ 12.78
      North Sea                  $ 12.53    $ 13.11  $ 12.92    $ 14.19
      Consolidated               $ 11.05    $ 13.17  $ 11.74    $ 13.00

  Natural Gas (Millions of Cubic
   Feet Per Day)   
      Domestic                     165.5      132.6    150.2      143.3
      North Sea                       .2         .2       .2         .2
      Other foreign                  3.6        3.8      5.1        4.8 
      CLAM Petroleum Company        10.8       18.5     31.6       38.1
            Total                  180.1      155.1    187.1      186.4
 
  Average Price Received (Per
   Thousand Cubic Feet)
      Domestic                   $  2.15    $  1.78  $  2.14    $  1.55
      North Sea                  $  1.36    $  2.22  $  1.51    $  1.84
      Other foreign              $  1.24    $  0.81  $  1.28    $  0.83
      CLAM Petroleum Company     $  2.93    $  2.87  $  2.51    $  2.78
      Consolidated               $  2.18    $  1.88  $  2.18    $  1.78

  Refining & Marketing Data:

  Revenues (1)                   $ 108.4    $ 126.1  $ 319.7    $ 347.2
  Costs and Expenses (1)         $ 110.3    $ 125.5  $ 322.6    $ 339.8
  Refining Profit (Loss)
   Before Income Taxes           $  (1.9)   $    .6  $  (2.9)   $   7.4

  Crude Marketing Gain (Loss)    $   0.8    $   1.5  $   1.8    $   4.3

  R&M Operating Profit (Loss)    $  (1.1)   $   2.1  $  (1.1)   $  11.7

  Sales (Thousands of Barrels
   Per Day)                         57.1       57.4     53.6       53.5

  Average Price Received
  (Per Barrel)                   $ 20.57    $ 23.90  $ 21.75    $ 23.68
(1)      Before elimination of intracompany transfers