VASTAR RESOURCES, INC. EXHIBIT 12 STATEMENT SETTING FORTH DETAIL OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) For the three months ended March 31, ------------- (Millions of dollars, 1998 1997 except ratio amounts) ----- ------ Income from continuing operations before income taxes, minority interest and cumulative effect of change in accounting principle(1)....... $32.6 $67.2 Fixed Charges: Interest expense charged to income, and portion of rentals representative of interest(2)........... 12.6 13.0 Capitalized Interest.................... ----- ------ Total fixed charges..................... 12.6 13.0 ----- ------ Earnings (1) + (2) $45.2 $80.2 ===== ====== Ratio of earnings to fixed charges 3.6 6.2 ===== ====== The Company has no issuances of preferred stock.