1 BURLINGTON RESOURCES INC. RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 (UNAUDITED) Three Months Ended March 31, ------------------------ 1994 1993 -------- ------ (In Thousands, Except Ratio Amounts) Earnings: Income from Continuing Operations Before Income Taxes........................................ $ 48,843 46,627 Add: Interest and fixed charges................................. 18,056 19,801 Portion of rent under long-term operating leases representative of an interest factor.............. 1,123 1,180 -------- ------ Total Earnings Available for Fixed Charges................... $ 68,022 67,608 ======== ====== Fixed Charges: Interest and fixed charges................................... $ 18,056 19,801 Portion of rent under long-term operating leases representative of an interest factor................ 1,123 1,180 Capitalized interest......................................... 345 780 -------- ------ Total Fixed Charges.......................................... $ 19,524 21,761 ======== ====== Ratio of Earnings to Fixed Charges............................. 3.48 x 3.11 x ======== ======