1 BURLINGTON RESOURCES INC. EARNINGS PER SHARE COMPUTATION EXHIBIT 11.1 (UNAUDITED) FIRST QUARTER ----------------------------------------------- 1994 1993 ---------------------- --------------------- Earnings Shares Earnings Shares -------- ------- -------- ------- (In Thousands, Except per Share Amounts) Primary earnings per common share: Net earnings available for common stock and weighted average number of common shares outstanding.............................................. $ 47,720 129,707 $ 45,861 129,087 Stock options assumed exercised-net............................... - 812 - 1,226 -------- ------- -------- ------- Total net earnings and primary common shares...................... $ 47,720 130,519 $ 45,861 130,313 ======== ======= ======== ======= Primary earnings per common share................................. $ 0.37 $ 0.35 ======== ======== Fully diluted earnings per common share: Net earnings available for common stock and weighted average number of common shares outstanding.............................................. $ 47,720 129,707 $ 45,861 129,087 Stock options assumed excercised-net.............................. - 812 - 1,431 -------- ------- -------- ------- Total net earnings and fully diluted common shares................ $ 47,720 130,519 $ 45,861 130,518 ======== ======= ======== ======= Fully diluted earnings per common share........................... $ 0.37 $ 0.35 ======== ========