BURLINGTON RESOURCES INC.
EARNINGS PER SHARE
EXHIBIT 11.1
(UNAUDITED)
THIRD QUARTER
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1997 1996
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Earnings Shares Earnings Shares
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(Dollars in Millions, Except per Share Amounts)
Primary earnings per common share
Net earnings available for common stock and
weighted average number of common
shares outstanding ....................................... $ 59 123,802,283 $ 59 125,230,379
Stock options assumed exercised - net ....................... - 502,227 - 497,096
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Total net earnings and primary common shares ................ $ 59 124,304,510 $ 59 125,727,475
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Primary earnings per common share ........................... $ .47 $ .47
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Fully diluted earnings per common share
Net earnings available for common stock and
weighted average number of common
shares outstanding ....................................... $ 59 123,802,283 $ 59 125,230,379
Stock options assumed exercised - net ....................... - 601,409 - 701,850
----------- ----------- ----------- -----------
Total net earnings and fully diluted common shares .......... $ 59 124,403,692 $ 59 125,932,229
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Fully diluted earnings per common share ..................... $ .47 $ .47
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NINE MONTHS
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1997 1996
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Earnings Shares Earnings Shares
--------------------------- ----------------------------
(Dollars in Millions, Except per Share Amounts)
Primary earnings per common share
Net earnings available for common stock and
weighted average number of common
shares outstanding ....................................... $ 249 124,192,065 $ 145 125,819,192
Stock options assumed exercised - net ....................... - 525,041 - 516,514
----------- ----------- ----------- -----------
Total net earnings and primary common shares ................ $ 249 124,717,106 $ 145 126,335,706
=========== =========== =========== ===========
Primary earnings per common share ........................... $ 1.99 $ 1.15
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Fully diluted earnings per common share
Net earnings available for common stock and
weighted average number of common
shares outstanding ....................................... $ 249 124,192,065 $ 145 125,819,192
Stock options assumed exercised - net ....................... - 715,393 - 712,835
----------- ----------- ----------- -----------
Total net earnings and fully diluted common shares .......... $ 249 124,907,458 $ 145 126,532,027
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Fully diluted earnings per common share ..................... $ 1.99 $ 1.15
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14