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Weatherford International's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Weatherford International Ltd. (WFT)

Q4 2011 Earnings Call

February 21, 2012 9:00 am ET

Executives

Bernard Duroc-Danner - Chairman, President and CEO

Andy Becnel - SVP and CFO

John Briscoe - CAO

Analysts

Jim Crandell - Dahlman Rose

Waqar Syed - Goldman Sachs

Ole Slorer - Morgan Stanley

Angie Sedita - UBS

Joe Hill - Tudor, Pickering, Holt

Kurt Hallead - RBC Capital Market

Mike Urban - Deutsche Bank

Doug Becker - Bank of America-Merrill Lynch

Presentation

Operator

At this time, I would like to welcome everyone to the Weatherford International's fourth quarter 2011 earnings conference call. (Operator Instructions) I would now like to turn the conference over to Mr. Bernard Duroc-Danner, Chairman, President and Chief Executive Officer.

Bernard Duroc-Danner

Thank you. Good morning. Before Andy reads his prepared comments, I would like to add that John Briscoe who is our Chief Accounting Officer will sit with us in the conference room. With that, Andy, why don't you read the prepared comments?

Andy Becnel

Good morning. Before moving on to our prepared comments and Q&A, I'd like to remind listeners that this call will contain forward-looking statements within the meaning of applicable securities laws, and will also include non-GAAP financial measures. A detailed disclaimer related to our forward-looking statements is included in our press release which has been filed with the SEC and is available on our website at weatherford.com or upon request. Similarly a reconciliation of excluded items and non-GAAP financial measures is also included in our press release and on our website.

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