BURLINGTON RESOURCES INC.
RATIO OF EARNINGS TO FIXED CHARGES
EXHIBIT 12.1
(UNAUDITED)
Nine Months Ended
September 30,
1995 1994
(In Thousands, Except Ratio Amounts)
Earnings
Income (Loss) Before Income Taxes....................$ (570,390) $ 92,207
Add
Interest and fixed charges.......................... 81,511 64,440
Portion of rent under long-term operating
leases representative of an interest factor....... 3,325 3,400
---------- -----------
Total Earnings Available for Fixed Charges...........$ (485,554) $ 160,047
========== ===========
Fixed Charges
Interest and fixed charges...........................$ 81,511 $ 64,440
Portion of rent under long-term operating
leases representative of an interest factor........ 3,325 3,400
Capitalized interest................................. 2,168 1,035
---------- -----------
Total Fixed Charges..................................$ 87,004 $ 68,875
========== ===========
Ratio of Earnings to Fixed Charges(1)................. (5.58)x 2.32 x
========== ===========
(1) Earnings Available for Fixed Charges for 1995 are inadequate to cover Fixed
Charges in the amount of approximately $573 million.
- 14 -