1
EXHIBIT 12.1
BURLINGTON RESOURCES INC.
RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31,
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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