Part IV

Item 15.

Exhibits and Financial Statement Schedules

XTO ENERGY INC. Notes to Consolidated Financial Statements

10. Earnings Per Share

The following reconciles earnings and shares used in the computation of basic and diluted earnings per share:

(in millions, except per share data)
Earnings
Shares
 
Earnings
per Share
2007
 
Basic $ 1,691 471.9   $ 3.58
Effect of dilutive securities:  
Stock options 5.7    
Warrants 1.4    
Diluted $ 1,691 479.0   $ 3.53
2006
 
Basic $ 1,860 456.1   $ 4.08
Effect of dilutive securities:  
Stock options 5.1    
Warrants 1.0    
Diluted $ 1,860 462.2   $ 4.02
2005
 
Basic $ 1,152 448.1   $ 2.57
Effect of dilutive securities:  
Stock options 8.5  
Warrants 0.4    
Diluted $ 1,152 457.0   $ 2.52