1
EXHIBIT 12.1
BURLINGTON RESOURCES INC.
RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31,
-----------------------------------------
1996 1995 1994 1993 1992
------ ----- ------ ------ ------
(IN MILLIONS, EXCEPT RATIO AMOUNTS)
Earnings
Income (Loss)
Before Income Taxes.......................... $ 307 $(577) $ 90 $ 307 $ 218
Add
Interest and fixed charges................... 113 109 90 73 79
Portion of rent under long-term operating
leases representative of an interest
factor..................................... 6 5 5 5 4
------ ----- ------ ------ ------
Total Earnings Available for Fixed Charges...... $ 426 $(463) $ 185 $ 385 $ 301
====== ===== ====== ====== ======
Fixed Charges
Interest and fixed charges...................... $ 113 $ 109 $ 90 $ 73 $ 79
Portion of rent under long-term operating leases
representative of an interest factor......... 6 5 5 5 4
Capitalized interest............................ 3 3 1 3 3
------ ----- ------ ------ ------
Total Fixed Charges............................. $ 122 $ 117 $ 96 $ 81 $ 86
====== ===== ====== ====== ======
Ratio of Earnings to Fixed Charges(1)............. 3.49x - 1.92x 4.79x 3.49x
- ---------------
(1) Total Earnings Available for Fixed Charges in 1995 are inadequate to cover
Total Fixed Charges in the amount of approximately $580 million.