1
EXHIBIT 12.1
BURLINGTON RESOURCES INC.
RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31,
------------------------------------------------------
1995 1994 1993 1992 1991
--------- -------- -------- -------- --------
(IN THOUSANDS, EXCEPT RATIO AMOUNTS)
Earnings
Income (Loss)
Before Income Taxes.................. $(576,747) $ 90,269 $307,438 $218,039 $103,118
Add
Interest and fixed charges........... 108,865 90,291 72,799 79,196 90,344
Portion of rent under long-term
operating leases representative of
an interest factor................. 5,107 4,926 4,688 4,205 5,903
--------- -------- -------- -------- --------
Total Earnings Available for Fixed
Charges.............................. (462,775) $185,486 $384,925 $301,440 $199,365
========= ======== ======== ======== ========
Fixed Charges
Interest and fixed charges.............. 108,865 $ 90,291 $ 72,799 $ 79,196 $ 90,344
Portion of rent under long-term
operating leases representative of an
interest factor...................... 5,107 4,926 4,688 4,205 5,903
Capitalized interest.................... 2,808 1,380 2,829 3,094 6,137
--------- -------- -------- -------- --------
Total Fixed Charges..................... 116,780 $ 96,597 $ 80,316 $ 86,495 $102,384
========= ======== ======== ======== ========
Ratio of Earnings to Fixed Charges(1)..... -- 1.92x 4.79x 3.49x 1.95x
- ---------------
(1) Total Earnings Available for Fixed Charges in 1995 are inadequate to cover
Total Fixed Charges in the amount of approximately $580 million.