1 EXHIBIT 12.1 BURLINGTON RESOURCES INC. RATIO OF EARNINGS TO FIXED CHARGES YEAR ENDED DECEMBER 31, ---------------------------------------------------- 1994 1993 1992 1991 1990 -------- -------- -------- -------- -------- (IN THOUSANDS, EXCEPT RATIO AMOUNTS) Earnings: Income from Continuing Operations Before Income Taxes.................... $ 90,269 $307,438 $218,039 $103,118 $149,992 Add: Interest and fixed charges............. 90,291 72,799 79,196 90,344 60,390 Portion of rent under long-term operating leases representative of an interest factor...................... 4,926 4,688 4,205 5,903 5,873 -------- -------- -------- -------- -------- Total Earnings Available for Fixed Charges................................ $185,486 $384,925 $301,440 $199,365 $216,255 ======== ======== ======== ======== ======== Fixed Charges: Interest and fixed charges................ $ 90,291 $ 72,799 $ 79,196 $ 90,344 $ 60,390 Portion of rent under long-term operating leases representative of an interest factor................................. 4,926 4,688 4,205 5,903 5,873 Capitalized interest...................... 1,380 2,829 3,094 6,137 6,600 -------- -------- -------- -------- -------- Total Fixed Charges....................... $ 96,597 $ 80,316 $ 86,495 $102,384 $ 72,863 ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges.......... 1.92x 4.79x 3.49x 1.95x 2.97x