1 BURLINGTON RESOURCES INC. RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12.1 (UNAUDITED) Six Months Ended June 30, ------------------------ 1994 1993 ---- ---- (In Thousands, Except Ratio Amounts) Earnings: Income from Continuing Operations Before Income Taxes............................. $ 75,450 $ 226,349 Add: Interest and fixed charges...................... 39,767 37,385 Portion of rent under long-term operating leases representative of an interest factor.. 2,249 2,425 --------------- ----------------- Total Earnings Available for Fixed Charges....... $ 117,466 $ 266,159 =============== ================= Fixed Charges: Interest and fixed charges....................... $ 39,767 $ 37,385 Portion of rent under long-term operating leases representative of an interest factor..... 2,249 2,425 Capitalized interest............................. 690 1,560 --------------- ----------------- Total Fixed Charges.............................. $ 42,706 $ 41,370 =============== ================= Ratio of Earnings to Fixed Charges................. 2.75 x 6.43 x =============== =================