Burlington Resources

Burlington Resources is publicly traded company having a good stock performance result. Burlington Resources is a fortune 500 stock listed company trading under the symbol BR.

Burlington Resources
was formed in 1988 and is headquartered in Houston, Texas.

Houston-based Burlington could very well be sitting on black gold. One of the biggest independent exploration and production companies, Burlington has a large enough inventories of oil and gas to keep it busy drilling for the next five years. And that's after a year in which sales surged 30 percent and the company threw off 3.4 billion dollars in operating cash. Unlike competitors that spent heavily on acquisitions as high prices sent profits soaring, Burlington is looking for organic growth, investing 2 billion dollars to expand drilling this year, up from 1.7 billion dollars in 2004.

Burlington Resources Inc. announced earnings and production for the fourth quarter and full year of 2005. The estimated fourth-quarter earnings were 927 million dollars, or 2.45 dollars per diluted share, 0.09 dollar per share for various compensation programs and 0.05 dollar per share for merger and legal expenses. The fourth-quarter earnings also included an after-tax gain on the sale of Permian Basin Royalty Trust units of 0.20 dollar per share. This compares to prior-year fourth-quarter earnings of 400 million dollar, or 1.02 dollar per diluted share, which included a 0.15 dollar per share after-tax impairment charge. The net cash provided by operating activities increased to 1,573 million dollars during the fourth quarter from 962 million dollars during the prior year's fourth quarter. Full-year financial results for 2005 included estimated net income of 2.683 billion dollars, or 7.00 dollars per diluted share, compared to the prior year's 1.527 billion dollars, or 3.86 dollar per diluted share. The net cash provided by operating activities increased to 4.536 billion dollars, from 3.436 billion dollars in 2004.

Burlington Resources is committed to setting the standard of excellence in everything they do. Their Purpose and Values are essential building blocks in the continued success of the company.

The Company has a strong tradition of leadership, service and contributions. The company’s mission is bringing, supporting business, customers and commerce, and building strong communities.