Newfield Exploration (NFX) 8-K Other Events

Exhibit 12.1

Newfield Exploration Company

Computation of Ratios of Earnings to Fixed Charges and Earnings to Fixed Charges Plus Preferred Dividends

	For the Year Ended December 31,
																			Pro
																			forma
(Dollars in millions)	2000			2001			2002			2003			2004			2005			2005
Pre-tax income from continuing operations	$	183		$	182		$	108		$	332		$	499		$	543		$	547
Fixed charges:
Interest expense, including debt issue amortization		19			28			35			47			32			26			22
Capitalized interest		5			9			9			16			26			46			46
Interest portion of rent expense		1			2			1			1			1			2			2
Total fixed charges before preferred dividend requirements		25			39			45			64			59			74			70
Preferred dividend requirements		—			—			—			—			—			—			—
Total fixed charges and preferred dividend requirements	$	25		$	39		$	45		$	64		$	59		$	74		$	70
Earnings before fixed charges (excludes capitalized interest) and preferred dividends	$	203		$	212		$	145		$	379		$	532		$	571		$	571
Earnings before fixed charges (excludes capitalized interest)		203			212			145			379			532			571			571
Ratio of earnings to fixed charges		8.1	x		5.5	x		3.2	x		6.0	x		9.0	x		7.7	x		8.2	x
Ratio of earnings to fixed charges plus preferred dividends(1)		8.1	x		5.5	x		3.2	x		6.0	x		9.0	x		7.7	x		8.2	x
Fixed charges consist of interest (both expensed and capitalized), distributions on convertible trust preferred securities (which were redeemed in full in June 2003) and an estimated interest component of rent expense.

(1)  No dividends accrued on any outstanding shares of preferred stock during the periods presented.

2