ConocoPhillips (COP)

Q4 2010 Earnings Call

January 26, 2011 11:00 am ET


J. Mulva - Chairman, Chief Executive Officer and Chairman of Executive Committee

Jeffrey Sheets - Chief Financial Officer and Senior Vice President of Finance

Clayton Reasor -


Edward Westlake - Crédit Suisse AG

Douglas Terreson - ISI Group Inc.

Philip Weiss - Argus Research Company

Mark Gilman - The Benchmark Company, LLC

John Herrlin - Merrill Lynch

Paul Cheng

Faisel Khan - Citigroup Inc

Paul Sankey - Deutsche Bank AG

Blake Fernandez - Howard Weil Incorporated

Iain Reid - Jefferies & Company, Inc.



Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2010 ConocoPhillips Earnings Conference Call. My name is Regina, and I will be your operator for today. [Operator Instructions] I would now like to turn the conference over to your host for today's event, Mr. Clayton Reasor, Vice President of Corporate and Investor Relations. You may proceed, sir.

Clayton Reasor

Well, good morning, and welcome to ConocoPhillips Fourth Quarter Earnings Conference Call. We'll begin by thanking you for your interest in the company. I'm joined today by Jeff Sheets, Senior Vice President of Finance and Chief Financial Officer. In this morning, we'll provide a summary of our key financial and operating results for the fourth quarter and full year 2010, and as well as provide some outlook for 2011. As in the past, you can find presentation materials on the IR section of the ConocoPhillips website.

Before we get started, I'd like you to take a look at the Safe Harbor statement on Slide 2. It's a reminder that we'll be making forward-looking statements during the presentation and Q&A. Actual results may differ materially from what's presented today. And factors that could cause actual results to differ are included in our filings with the SEC. Now I'd like to turn the call over to Jeff Sheets to take you through our prepared remarks and presentation.

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