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Halliburton's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Halliburton (HAL)

Q1 2012 Earnings Call

April 18, 2012 9:00 am ET


Kelly Youngblood -

David J. Lesar - Executive Chairman, Chief Executive Officer and President

Mark A. McCollum - Chief Financial Officer and Executive Vice President

Timothy J. Probert - President of Strategy and Corporate Development


John David Anderson - JP Morgan Chase & Co, Research Division

James C. West - Barclays Capital, Research Division

Waqar Syed - Goldman Sachs Group Inc., Research Division

James D. Crandell - Dahlman Rose & Company, LLC, Research Division

Scott Gruber - Sanford C. Bernstein & Co., LLC., Research Division

William A. Herbert - Simmons & Company International, Research Division

Douglas L. Becker - BofA Merrill Lynch, Research Division



Good day, ladies and gentlemen, and welcome to the Halliburton First Quarter 2012 Earnings Release Conference. [Operator Instructions] As a reminder, today's conference call is being recorded. I would now like to turn the conference over to your host, Kelly Youngblood, Senior Director, Investor Relations. Please begin.

Kelly Youngblood

Good morning, and welcome to the Halliburton first quarter 2012 conference call. Today's call is being webcast and a replay will be available on Halliburton's website for 7 days. The press release announcing the first quarter results is available on the Halliburton website. Joining me today are: Dave Lesar, CEO; Mark McCollum, CFO; and Tim Probert, President, Strategy and Corporate Development.

I would like to remind our audience that some of today's comments may include forward-looking statements, reflecting Halliburton's view about future events and their potential impact on performance. These matters involve risk and uncertainties that could impact operations and financial results and cause our actual results to materially differ from our forward-looking statements. These risks are discussed in Halliburton's Form 10-K for the year ended December 31, 2011, and recent current reports on Form 8-K. Our comments include non-GAAP financial measures. Reconciliation to the most directly comparable GAAP financial measures is included in the press release announcing the first quarter results, which, as I have mentioned, can be found on our website.

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