EXHIBIT 12

EOG RESOURCES, INC.

Computation of Ratio of Earnings to Fixed Charges and

Combined Fixed Charges and to Preferred Stock Dividends

(In Thousands)

(Unaudited)

Year Ended December 31		2011			2010			2009			2008			2007
EARNINGS AVAILABLE FOR
FIXED CHARGES:
Net Income		$	1,091,123		$	160,654		$	546,627		$	2,436,919		$	1,089,918
Less:	Capitalized Interest Expense		(57,741	)		(76,300	)		(54,919	)		(42,628	)		(29,324	)
Add:	Fixed Charges		315,702			237,590			181,426			117,568			96,228
Income Tax Provision			818,676			247,322			325,384			1,309,620			540,950
TOTAL EARNINGS AVAILABLE FOR FIXED    CHARGES		$	2,167,760		$	569,266		$	998,518		$	3,821,479		$	1,697,772
FIXED CHARGES:
Interest Expense		$	197,572		$	125,073		$	97,751		$	49,899		$	45,628
Capitalized Interest			57,741			76,300			54,919			42,628			29,324
Capitalized Expense Related to Indebtedness			12,791			4,513			3,150			1,759			1,150
Rental Expense Representative of Interest Factor			47,598			31,704			25,606			23,282			20,126
TOTAL FIXED CHARGES			315,702			237,590			181,426			117,568			96,228
Preferred Stock Dividends on a Pre-tax Basis			-			-			-			681			9,970
COMBINED TOTAL FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS		$	315,702		$	237,590		$	181,426		$	118,249		$	106,198
RATIO OF EARNINGS TO
FIXED CHARGES			6.87			2.40			5.50			32.50			17.64
RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED STOCK
DIVIDENDS			6.87			2.40			5.50			32.32			15.99