Weatherford International Ltd. (
Q4 2011 Earnings Call
February 21, 2012 9:00 am ET
Bernard Duroc-Danner - Chairman, President and CEO
Andy Becnel - SVP and CFO
John Briscoe - CAO
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
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.
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?
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.