ConocoPhillips Management Discusses Q2 2011 Results - Earnings Call Transcript

ConocoPhillips (NYSE:COP) Q2 2011 Earnings Call July 27, 2011 11:00 AM ET

Executives

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

Analysts

Edward Westlake - Crédit Suisse AG
Philip Weiss - Argus Research Company
Paul Cheng
Douglas Leggate - BofA Merrill Lynch
Doug Terreson - ISI Group Inc.
Paul Sankey - Deutsche Bank AG
Blake Fernandez - Howard Weil Incorporated
Iain Reid - Jefferies & Company, Inc.

Operator

Welcome to the Second Quarter 2011 ConocoPhillips Earnings Conference Call. My name is Kim, and I will be your operator for today's call. [Operator Instructions] Please note that this conference is being recorded. I will now turn the call over to Mr. Clayton Reasor, Vice President, Corporate and Investor Relations. Mr. Reasor, you may begin.

Clayton Reasor

Thank you, Kim. Good morning, and welcome to ConocoPhillips Second Quarter Earnings Conference Call. We appreciate your interest in our company. I'm joined today by Jeff Sheets, Senior Vice President of Finance and our Chief Financial Officer. As we normally do, we'll provide a summary of our key financial and operating results for the second quarter as well as an outlook for the remainder of 2011. We'll also provide you with a brief update on the repositioning of ConocoPhillips as 2 separate leading energy companies as we announced 2 weeks ago. You can find our presentation material in the Investor Relations section of the ConocoPhillips website.

Before we get started, I'd like to take a look at the Safe Harbor statement that we've shown on the next slide. It's a reminder that we will be making forward-looking statements during the presentation and during the question-and-answer session. Actual results may differ materially from what we present today, and factors that could cause actual results to differ are included in this slide as well