EXHIBIT 12 VASTAR RESOURCES, INC. STATEMENT SETTING FORTH DETAIL OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) For the three months ended March 31, ------------- 2000 1999 ---- ---- (Millions of dollars, except ratio amounts) Income (loss) from continuing operations before income taxes, minority interest and cumulative effect of change in accounting principle(1)...............$ 82.4 $(5.4) Fixed Charges: Interest expense charged to income, and portion of rentals representative of interest.................... 15.8 21.6 Capitalized Interest............................ 1.8 --- ----- ----- Total fixed charges(2)............................. 17.6 21.6 ----- ----- Earnings (1) + (2) $100.0 $16.2 ====== ===== Ratio of earnings to fixed charges 5.7 0.8 ====== ===== The Company has no issuances of preferred stock.