BURLINGTON RESOURCES INC. RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 (UNAUDITED) Three Months Ended March 31, ----------------------------- 1996 1995 ----------- ----------- (Dollars in Millions, Except Ratio Amounts) Earnings Income (Loss) Before Income Taxes ............................. $ 35 $(24) Add Interest and fixed charges ................................. 28 26 Portion of rent under long-term operating leases representative of an interest factor ............. 1 1 ---- ---- Total Earnings Available for Fixed Charges .................... $ 64 $ 3 ---- ---- ---- ---- Fixed Charges Interest and fixed charges .................................... $ 28 $ 26 Portion of rent under long-term operating leases representative of an interest factor ................ 1 1 Capitalized interest .......................................... 1 1 ---- ---- Total Fixed Charges ........................................... $ 30 $ 28 ---- ---- ---- ---- Ratio of Earnings to Fixed Charges ................................ 2.12x .12x ---- ---- ---- ---- -11-