1 EXHIBIT 11.1 BURLINGTON RESOURCES INC. EARNINGS PER SHARE COMPUTATION YEAR ENDED DECEMBER 31, ------------------------------------------------------------ 1994 1993 1992 ------------------ ------------------ ------------------ EARNINGS SHARES EARNINGS SHARES EARNINGS SHARES -------- ------- -------- ------- -------- ------- (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) Primary earnings per common share: Net earnings available for common stock and weighted average common shares outstanding.................. $154,246 128,406 $256,312 129,746 $257,828 130,757 Stock options assumed exercised- net.......................... -- 628 -- 1,036 -- 1,126 -------- ------- -------- ------- -------- ------- Total net earnings and primary common shares................ $154,246 129,034 $256,312 130,782 $257,828 131,883 ======== ======= ======== ======= ======== ======= Primary earnings per common share........................ $ 1.20 $ 1.96 $ 1.95 ======== ======== ======== Fully diluted earnings per common share: Net earnings available for common stock and weighted average common shares outstanding.................. $154,246 128,406 $256,312 129,746 $257,828 130,757 Stock options assumed exercised- net.......................... -- 628 -- 1,036 -- 1,126 -------- ------- -------- ------- -------- ------- Total net earnings and fully diluted common shares........ $154,246 129,034 $256,312 130,782 $257,828 131,883 ======== ======= ======== ======= ======== ======= Fully diluted earnings per common share................. $ 1.20 $ 1.96 $ 1.95 ======== ======== ========