1 BURLINGTON RESOURCES INC. EARNINGS PER SHARE COMPUTATION EXHIBIT 11.1 (UNAUDITED) SECOND QUARTER SIX MONTHS ------------------------------------- ------------------------------------ 1994 1993 1994 1993 ---------------- ----------------- ---------------- ----------------- Earnings Shares Earnings Shares 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................................ $33,012 129,366 $133,816 129,765 $80,732 129,511 $179,677 129,395 Stock options assumed exercised - net.............. - 781 - 685 - 751 - 1,205 ------- ------- -------- ------- ------- ------- -------- ------- Total net earnings and primary common shares....... $33,012 130,147 $133,816 130,450 $80,732 130,262 $179,677 130,600 ======= ======= ======== ======= ======= ======= ======== ======= Primary earnings per common share.................. $ .25 $ 1.03 $ .62 $ 1.38 ======= ======== ======= ======== Fully diluted earnings per common share: Net earnings available for common stock and weighted average number of common shares outstanding................................ $33,012 129,366 $133,816 129,765 $80,732 129,511 $179,677 129,395 Stock options assumed exercised - net.............. - 781 - 877 - 751 - 1,322 ------- ------- -------- ------- ------- ------- -------- ------- Total net earnings and fully diluted common shares. $33,012 130,147 $133,816 130,642 $80,732 130,262 $179,677 130,717 ======= ======= ======== ======= ======= ======= ======== ======= Fully diluted earnings per common share............ $ .25 $ 1.02 $ .62 $ 1.37 ======= ======== ======= ========