BURLINGTON RESOURCES INC. EARNINGS PER SHARE COMPUTATION EXHIBIT 11.1 (UNAUDITED) FIRST QUARTER 1995 1994 Earnings Shares Earnings Shares (In Thousands, Except per Share Amounts) Primary earnings per common share: Net earnings available for common stock and weighted average number of common shares outstanding.................................$ (4,824) 126,513 $ 47,720 129,707 Stock options assumed exercised - net................ - 462 - 812 -------- ------- -------- ------- Total net earnings and primary common shares.........$ (4,824) 126,975 $ 47,720 130,519 ======== ======= ======== ======= Primary earnings per common share....................$ (0.04) $ 0.37 ======== ======== Fully diluted earnings per common share: Net earnings available for common stock and weighted average number of common shares outstanding.................................$ (4,824) 126,513 $ 47,720 129,707 Stock options assumed exercised - net................ - 462 - 812 -------- ------- -------- ------- Total net earnings and fully diluted common shares...$ (4,824) 126,975 $ 47,720 130,519 ======== ======= ======== ======= Fully diluted earnings per common share...............$ (0.04) $ 0.37 ======== ========= - 10 -