EXHIBIT 12.1

EOG RESOURCES, INC.

Computation of Ratios of Earnings to Fixed Charges and

Earnings to Combined Fixed Charges and Preferred Stock Dividends

(In Thousands)

(Unaudited)

	Nine Months Ended September 30,			Year Ended December 31,
	2015			2014			2013			2012			2011			2010
EARNINGS AVAILABLE FOR FIXED CHARGES:
Net Income (Loss)	$	(4,240,219	)	$	2,915,487		$	2,197,109		$	570,279		$	1,091,123		$	160,654
Less: Capitalized Interest		(32,922	)		(57,170	)		(49,139	)		(49,702	)		(57,741	)		(76,300	)
Add: Fixed Charges		266,902			337,762			348,399			323,965			315,702			237,590
Income Tax Provision (Benefit)		(2,282,511	)		2,079,828			1,239,777			710,461			818,676			247,322
TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES	$	(6,288,750	)	$	5,275,907		$	3,736,146		$	1,555,003		$	2,167,760		$	569,266
FIXED CHARGES:
Interest Expense	$	166,705		$	193,171		$	226,721		$	205,789		$	197,572		$	125,073
Capitalized Interest		32,922			57,170			49,139			49,702			57,741			76,300
Capitalized Expenses Related to Indebtedness		7,695			8,287			8,739			7,763			12,791			4,513
Rental Expense Representative of Interest Factor		59,580			79,134			63,800			60,711			47,598			31,704
TOTAL FIXED CHARGES	$	266,902		$	337,762		$	348,399		$	323,965		$	315,702		$	237,590
Preferred Stock Dividends on a Pre-tax Basis		—			—			—			—			—			—
COMBINED TOTAL FIXED CHARGES AND PREFERRED STOCK DIVIDENDS	$	266,902		$	337,762		$	348,399		$	323,965		$	315,702		$	237,590
RATIO OF EARNINGS TO FIXED CHARGES		(23.56	)(1)		15.62			10.72			4.80			6.87			2.40
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS		(23.56	)(1)		15.62			10.72			4.80			6.87			2.40

(1) For the nine months ended September 30, 2015, total fixed charges exceeded total earnings available for fixed charges by $6.6 billion, primarily due to impairment charges recorded in the third quarter of 2015 with respect to our proved oil and gas properties and related assets.