DOCSLIB.ORG

Q4 2013 Occidental Petroleum Corporation Earnings Conference Call

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Q4 2013 Occidental Petroleum Corporation Earnings Conference Call THOMSON REUTERS STREETEVENTS EDITED TRANSCRIPT OXY - Q4 2013 Occidental Petroleum Corporation Earnings Conference Call EVENT DATE/TIME: JANUARY 30, 2014 / 3:00PM GMT OVERVIEW: Management discussed 4Q13 and 2013 results. THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2014 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JANUARY 30, 2014 / 3:00PM, OXY - Q4 2013 Occidental Petroleum Corporation Earnings Conference Call CORPORATE PARTICIPANTS Chris Stavros Occidental Petroleum Corporation - VP IR & Treasurer Steve Chazen Occidental Petroleum Corporation - President and CEO Vicki Hollub Occidental Petroleum Corporation - EVP - US Operations, Oxy Oil & Gas Willie Chiang Occidental Petroleum Corporation - President of Operation & Head of Midstream Business CONFERENCE CALL PARTICIPANTS Doug Terreson ISI Group - Analyst Doug Leggate BofA Merrill Lynch - Analyst Ed Westlake Credit Suisse - Analyst Arjun Murti Goldman Sachs - Analyst Faisel Khan Citigroup - Analyst Roger Read Wells Fargo Securities, LLC - Analyst PRESENTATION Operator Good morning and welcome to the Occidental Petroleum Corporation fourth quarter 2013 earnings conference call. All participants will be in a listen-only mode. (Operator Instructions) I would now like to turn the conference over to Mr. Chris Stavros. Please go ahead. Chris Stavros - Occidental Petroleum Corporation - VP IR & Treasurer Thank you, Emily, and good morning, everyone. Thanks for participating in Occidental Petroleum's fourth quarter 2013 earnings conference call. On the call with us this morning from Houston are Steve Chazen, Oxy's President and Chief Executive Officer; Vicki Hollub, Executive Vice President of Oxy's US Oil and Gas Operations; Cynthia Walker, our Chief Financial Officer; Willie Chiang, Oxy's Vice President of Operations and head of our Midstream business; Bill Albrecht, President of Oxy's Oil and Gas in the Americas and Sandy Lowe, President of our International Oil and Gas Operations. We're going to change things up a bit this quarter and begin the call with comments from our CEO Steve Chazen who will review some of the achievements we realized last year with respect to the fundamentals of our business and our strategy and plan for 2014. Vicki Hollub will then provide a thorough discussion on the strategy and outlook for our operations in both the Permian Basin and California. In order to provide a little more time for discussion around our domestic oil and gas operations, we will not directly address our fourth-quarter results on the call. However, Cynthia Walker's detailed commentary on the fourth quarter, as well as forward-looking guidance items, can be found in the conference call slides sent to you following Vicki's remarks and beginning with slide 46. As a reminder, today's conference call contains certain projections and other forward-looking statements within the meaning of the Federal Securities laws. These statements are subject to the risks and uncertainties that may cause actual results to differ from those expressed or implied in these statements and our filings. Our fourth-quarter 2013 earnings press release, the Investor Relations supplemental schedules, conference call 2 THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2014 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JANUARY 30, 2014 / 3:00PM, OXY - Q4 2013 Occidental Petroleum Corporation Earnings Conference Call presentation slides, as well as Cynthia's detailed commentary on the fourth quarter results have been posted and can be downloaded off of our website at www.oxy.com. I will now turn the call over to Steve Chazen. Steve, please go ahead. Steve Chazen - Occidental Petroleum Corporation - President and CEO Thank you, Chris. We just finished a successful year meeting or succeeding many of the goals we set out for ourselves and are looking to continue our performance into 2014. Let me give you a brief overview of the key 2013 highlights. We grew our domestic oil production by 11,000 barrels per day over 2012 to 266,000 a day. We exceeded our capital efficiency goals, reducing our drilling costs by 24% from the 2012 levels, reduced domestic operating costs by 17%. We added about 470 million barrels of reserve equivalents, achieving an overall replacement ratio of 169%. Our total costs incurred associated with those reserve adds were about $7.7 billion, resulting in an apparent finding and development cost of under $17. We increased our return on capital employed from 10.3% in 2012 to 12.2% in 2013. Turning now to some of the specifics of the key accomplishments of last year. As a result of our development program, we improved our capital efficiency by 24% domestically over 2012, which translates to about a $900 million reduction in capital for the wells drilled in 2013. Of this improvement 50% came from the Permian Basin, 25% from California and 25% from the rest of the domestic assets. We accomplished these improvements while successfully competing our program by drilling approximately what we had planned. We also reduced our domestic operating costs by 17%, or about $470 million, compared to 2012. About 48% of this improvement was Permian Basin, 46% was in California and the remainder was in the other domestic assets. While we focused on these efficiencies we also grew our domestic oil production by 11,000 barrels a day. With respect to reserves, we had a very successful year in growing the Company's reserve base by adding substantially more reserves than we produced, over 90% of which was added through organic development program. We ended the year based on a preliminary estimate with about 3.5 billion barrels of reserves which represent an all-time high for the Company. Our total Company reserve replacement ratio from all categories before disposition was about 169%, or about 479 million barrels of new reserves compared to 278 million barrels we produced during the year. In the United States our reserve replacement ratio was 190%. Replacement ratios to California properties in the Permian non-CO2 properties were similar to the overall ratio. Our reserve replacement ratio for liquids from all categories was 195% for the total Company and 228% domestically. This reflects our emphasis in oil drilling instead of gas. Our total costs incurred related to total reserve additions for the year on a preliminary basis were about $7.7 billion. Over the last several years we have built a large portfolio of growth-oriented assets in the United States. In 2013 we spent larger than normal portion of our investment dollars in development of these assets. Our organic reserve replacement for the year reflects the positive results of these development efforts. Our 2013 program, excluding acquisitions, replaced 168% of our domestic production with about 291 million barrels of reserves adds. In addition we transferred 115 million barrels approved undeveloped that proved developed category domestically as a result of the program. Our acquisitions were at a multi-year low of $550 million, providing reserve adds of 32 million barrels. At the end of the year we estimate that 73% of our total prove reserves were liquids, increasing from 72% in 2012. Of the total reserves about 70% were proved developed compared to 73% last year, 2012, that is. The increase in the share of the proved undeveloped reserves compared to last year was the result of reserves added at the Al Hosn Gas Project. We expect to move these reserves to proved developed category at the end of this year, once the initial production starts in the fourth quarter. Through the success of our drilling program and capital efficiency initiative, we lowered our finding and development costs over recent years. As a result, we expect our DD&A expense to be around $17.40 a barrel, only a small increase from the $17.10 in 2013. This is consistent with our expectation the DD&A rate of growth should flatten out as recent investments come online and finding and development cost come down. 3 THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us ©2014 Thomson Reuters. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JANUARY 30, 2014 / 3:00PM, OXY - Q4 2013 Occidental Petroleum Corporation Earnings Conference Call Success of our organic reserve additions and the efficiencies we have achieved in our operations, demonstrates the significant process we have made in turning the Company into a competitive domestic producer. One of our long-term goals domestically has been to achieve a 50% pre-tax margin after finding and development and cash operating costs so as to generate solid returns. We believe we are achieving that now and expect to continue to do so in the future. Consistent with what we have said, our focus in 2013 was to enhance shareholder value through our results. For this goal our program was heavily focused on growing our domestic oil production, improving our capital efficiency, that is, improving our finding and development costs and lowering our operating costs. We met or exceeded these goals and result have increased our return on capital to 12.2%, a significant improvement from the 10.3% of last year. That testament to the hard work and dedication of all of our employees.
Load more

Recommended publications
  • EDITED TRANSCRIPT Q1 2021 Occidental Petroleum Corp Earnings Call
    REFINITIV STREETEVENTS EDITED TRANSCRIPT Q1 2021 Occidental Petroleum Corp Earnings Call EVENT DATE/TIME: MAY 11, 2021 / 5:00PM GMT REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us 1 ©2021 Refinitiv. All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 11, 2021 / 5:00PM GMT, Q1 2021 Occidental Petroleum Corp Earnings Call CORPORATE PARTICIPANTS Jeff Alvarez Occidental Petroleum Corporation - VP of IR Rob Peterson Occidental Petroleum Corporation - Senior VP & CFO Vicki Hollub Occidental Petroleum Corporation - President, CEO & Director CONFERENCE CALL PARTICIPANTS Dan Boyd Mizuho Securities USA LLC, Research Division - MD & Senior Energy Equity Research Analyst Devin McDermott Morgan Stanley, Research Division - VP, Commodity Strategist for Power Markets & Equity Analyst of Power and Utilities Research Team Doug Leggate BofA Securities, Research Division - MD and Head of US Oil & Gas Equity Research Jeanine Wai Barclays Bank PLC, Research Division - Research Analyst Leo Mariani KeyBanc Capital Markets Inc., Research Division - Analyst Neal Dingmann Truist Securities, Inc., Research Division - MD Neil Mehta Goldman Sachs Group, Inc., Research Division - VP and Integrated Oil & Refining Analyst Paul Cheng Scotiabank Global Banking and Markets, Research Division - Analyst Raphaël DuBois Societe Generale Cross Asset Research - Equity Analyst PRESENTATION Operator Good afternoon, and welcome to the Occidental's First Quarter 2021 Earnings Conference Call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Jeff Alvarez, Vice President of Investor Relations.
    [Show full text]
  • Administration of Donald J. Trump, 2020 Remarks in a Meeting with Energy Sector Chief Executive Officers and an Exchange with Re
    Administration of Donald J. Trump, 2020 Remarks in a Meeting With Energy Sector Chief Executive Officers and an Exchange With Reporters April 3, 2020 The President. Okay, thank you very much. It's a great honor to be with the world leaders in American oil and gas and, really, I could say, the world leaders, period, when it comes to energy and American energy. The biggest companies anywhere, anywhere in the world. I want to thank Secretary of the Interior David Bernhardt, Secretary of Energy Dan Brouillette, and Ambassador Robert Lighthizer for being here. We're also joined by Leader Kevin McCarthy, Senators John Cornyn, Kevin Cramer, Ted Cruz, and Dan Sullivan. Thank you. These are people that really want to see good energy at the good price. With us as well are Greg Garland of Phillips 66, Dave Hager of Devon Energy, Harold Hamm of Continental Resources, Jeff Hildebrand of Hilcorp Energy, Vicki Hollub of Occidential Petroleum, Mike Sommers of the American Petroleum Institute, Kelcy Warren of Energy Transfer Partners, Mike Wirth of Chevron, and Darren Woods of an extremely small company known as ExxonMobil. Well, it's smaller today than it was 4 weeks ago—[laughter]—by about half, right? That's all right. It will be better than ever. Today we'll discuss the impact of the coronavirus on American energy industry. As the pandemic brought on by global economy—I mean, it's an incredible thing that's happened. Nobody thought this was possible. We had the greatest economy in the world. Probably, you were doing—all of you—the best ever.
    [Show full text]
  • Chevron Offer to Buy Anadarko
    Chevron Offer To Buy Anadarko Wrinkliest Reube sunder: he reprovings his monotheism qualifiedly and inestimably. Scrubbier and light Grady expends, but Edward yore wambling her self-drawing. Submiss and sweetmeal Sayres often keratinizes some deodorizer dolorously or overspends excessively. Major players profiled in the report less The Anadarko Petroleum. It the comments, anadarko to chevron spokesman kent robertson said in the wrong person, but by post. Offered a higher 76-per-share cash-and-stock is for Anadarko. As odd other hedge funds bet on energy stocks Warren Buffett's Berkshire Hathaway has purchased shares of Houston-based Occidental Petroleum Corp. Chevron wields an icon of his executive vicki hollub told the offers services and down that offered your own right and the more. We hate spam and buying stocks tool to buy up. Size announced a 33bn deal at buy Anadarko instead and from its 15bn. Chevron Agrees to Buy Anadarko in 33 Billion Deal CFO. Occidental to acquire Anadarko after Chevron drops out of. Occidental Petroleum's original offer announced on 24 April was USD7600 per change in which Anadarko shareholders would receive USD300. Corp on Wednesday offered to stop rival Anadarko Petroleum Corp in a. The first stock for anadarko petroleum material impact of buying anadarko and more cash flow generating power disruption to build your money to more cash flow? Vinson Elkins advised Anadarko Petroleum Corporation in loan agreement with Chevron Corporation for Chevron to insert all fall the. The offers for signing up with decreasing production has found investing carries a buy now to discuss.
    [Show full text]
  • In the Court of Chancery of the State of Delaware
    EFiled: May 30 2019 09:00AM EDT Transaction ID 63306110 Case No. 2019-0403- IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE HIGH RIVER LIMITED ) PARTNERSHIP, ICAHN PARTNERS ) C.A. No.: _____________ MASTER FUND LP, and ICAHN ) PARTNERS LP, ) ) Plaintiffs, ) ) v. ) ) OCCIDENTAL PETROLEUM ) CORPORATION, ) ) Defendant. ) VERIFIED COMPLAINT PURSUANT TO 8 DEL. C. § 220 Plaintiffs High River Limited Partnership, Icahn Partners Master Fund LP, and Icahn Partners LP (collectively, “Plaintiffs” or the “Icahn Parties”), upon knowledge as to themselves, and upon information and belief as to all other matters, allege for their Verified Complaint as follows: I. Introduction. 1. This is an action to inspect certain books and records of Occidental Petroleum Corporation (“Occidental” or the “Company”), relating to its fundamentally misguided and hugely overpriced acquisition of Anadarko Petroleum Corporation (“Anadarko”) after a bidding contest between the Company and Chevron Corporation (“Chevron”). Unfortunately for the stockholders of {01453621;v1 } Occidental, it won that contest even though Chevron is approximately six time’s Occidental’s size (with Anadarko being only slightly smaller than Occidental). 2. With its financial strength Chevron could have matched Occidental’s winning bid and won the contest for Anadarko (it held matching rights) but refused to do so. According to the May 10, 2019 Wall Street Journal, Chevron’s CEO acknowledged that Chevron had the resources to match Occidental’s bid, but would not do so because, “Costs and capital discipline always matter. An increased offer would have eroded value to our shareholders and it would have diminished our returns on capital.” 3. The same was true for Occidental—but the Occidental board and management took the diametrically opposed approach.
    [Show full text]
  • Is Occidental Petroleum Now Takeover Bait on Wall Street?
    Is Occidental Petroleum now takeover bait on Wall Street? BY MATEIN KHALID, CHIEF INVESTMENT OFFICER, ASAS CAPITAL, DIFC Medical doctor/turned oil wildcatter Dr. Armond Hammer, the founder of Occidental Petroleum (OXY) fascinated me in my boyhood decades before I traded his stock on Wall Street. My uncles Amir Ali and Ahmed Rahmatula were agents of his International Ore and Fertilizer since the 1950’s and often travelled in his personal jet to stay with Dr. Hammer in his Roman palazzo. Dr. Hammer had done business with every Soviet leader from Vladimir Lenin to Mikhail Gorbachev. Oxy also helped break the Seven Sister (Exxon/Rockefeller) stranglehold over the empires of black gold by giving the Gaddafi regime higher royalties on its Libyan crude headed for Oxy’s Italian refineries. Daniel Yergin writes in “The Prize” that Dr. Hammer would jet from Rome to Tripoli every morning as Major Abdel Salam Jalloud, then Brother Colonel’s number two, screamed and ranted about Yankee imperialism at gunpoint. Oxy’s biggest oil strikes were the gushers in Alaska’s North Slope and the UK/Norwegian offshore North Sea oilfields. In 2012, on a due diligence visit to Aberdeen, Scotland (for a biotech deal!), my limo driver was an ex-offshore rig worker who had survived the deadly Oxy platform Piper Alpha explosion of the coast of Aberdeen in the 1980’s. Oxy even plays a critical role in the economic history of the UAE as ADNOC’s partner (ironically with Exxon!) in the Dolphin Project, the biggest cross-border gas pipeline network in the GCC.
    [Show full text]
  • 2019 Proxy Statement Notice of Annual Meeting of Stockholders
    Occidental Petroleum Corporation 2019 Proxy Statement Notice of Annual Meeting of Stockholders Annual Meeting | Friday, May 10, 2019 Occidental Petroleum Conference Center | 5 Greenway Plaza, Houston, Texas DEAR FELLOW STOCKHOLDERS: On behalf of the Board of Directors, we are pleased to invite you to attend Occidental’s 2019 Annual Meeting of Stockholders. The meeting will be held at the Occidental Petroleum Conference Center, 5 Greenway Plaza, Houston, Texas 77046, on Friday, May 10, 2019, at 9:00 a.m. As in prior years, we will address the voting items in this Proxy Statement, review our financial and operational performance, and provide you with an opportunity to ask questions. Performance 2018 was a year of financial and operational success at Occidental. Executing on our strategy, we generated net income of $4.1 billion and delivered a peer-leading return on capital employed(1) of 14%. With outstanding performance across our business segments, we returned over $3.6 billion to our stockholders through our sector-leading dividend and our share repurchase program. Oversight The Board continued to provide comprehensive oversight of our long-term strategic direction. The Board discusses strategy at each regularly scheduled meeting and annually dedicates one board meeting to an in-depth strategic review. During the 2018 strategy review, directors engaged in robust discussions with senior leaders from the Oil and Gas, Midstream and Marketing, and Chemical business segments and key corporate functions, including Compliance, Community Engagement, Public Affairs and Social Responsibility. The directors also received the latest updates from the Oxy Low Carbon Ventures team, whose mission is to promote innovative low-carbon technologies that drive cost efficiencies to grow our business while reducing emissions.
    [Show full text]
  • Ceraweek 2019 in Review New World of Rivalries: Reshaping the Energy Future
    by CERAWeek 2019 in Review New World of Rivalries: Reshaping the energy future 38th Executive Conference 11–15 March 2019 | Houston, Texas CERAWeek.com David Farr, Chairman & CEO, Emerson Hon. Michael Pompeo, Secretary of State, United States of America Tan Sri Wan Zulkiflee, President & Group CEO, PETRONAS H.E. Suhail Mohamed Al Mazrouei, Eldar Saetre, President & CEO, Equinor ASA Andrew Jassy, CEO, Minister of Energy & Industry, UAE Amazon Web Services Bob Dudley, Group Chief Executive, BP plc Vicki Hollub, President & CEO, Occidental Petroleum Corporation Hon. Rick Perry, Secretary of Energy, United States of America Michael Wirth, Chairman & CEO, Jason Zander, EVP, Microsoft Azure, Andrew Wheeler, Administrator, Chevron Corporation Microsoft Corporation U.S. Environmental Protection Agency CERAWeek 2019 in Review • 1 William Clay Ford Jr., Executive Chairman, Ford Motor Company Dr. Fatih Birol, Executive Director, Hon. Lisa Murkowski, U.S. Senator (Alaska) & Chairman, U.S. Senate Energy & Natural International Energy Agency Resources Committee Hon. Amarjeet Sohi, Minister of Natural Resources, EldarJoe Kaeser, Saetre, PresidentPresident & & CEO, CEO, Equinor Siemens ASA AG Canada CERAWeek 2019 in Review • 2 Contents CERAWeek 2019 .................................................................5 Opening Day Plenaries ...........................................................6 Oil & Gas Plenaries ............................................................. 18 Natural Gas & Global Energy Plenaries ...........................................32
    [Show full text]
  • Oil and Gas News Briefs, May 9, 2019
    Oil and Gas News Briefs Compiled by Larry Persily May 9, 2019 New tariff threats could hurt Chinese investment in U.S. LNG (S&P Global Platts; May 6) – U.S. LNG export project developers face new challenges securing financing after President Donald Trump's threat to escalate his trade war with China, at a time when some are already having trouble signing deals with Asian buyers. The heightened tensions come during a key moment in America's evolution as a major LNG supplier to global markets. Most of the dozen or so projects under development for start-up in the 2020s were hoping to make final investment decisions this year or next. U.S. LNG shipments to China have fallen off dramatically in the seven-and-a-half months since Beijing imposed a 10 percent tariff on U.S. gas in retaliation over an earlier round of duties on Chinese products that Washington implemented. "Increasing tariffs will only slow the discussion and could have real long-term impacts on the pace of U.S. LNG export project development and the many benefits these bring," said Charlie Riedl, executive director of the Center for Liquefied Natural Gas, an industry group. The trade dispute between the U.S. and China would add more risk, possibly limiting Chinese investment in additional U.S. LNG capacity. "It further deters Chinese LNG buyers from signing long-term deals with U.S. LNG projects," said Edward Chow, of the Center for Strategic and International Studies. "Such 10- to 20-year contracts require stability of terms for both sides and provide the financial underpinnings for investors in new U.S.
    [Show full text]
  • Gov. Abbott Appoints Pat Hickman to Texas Economic
    GOV. ABBOTT APPOINTS PAT HICKMAN TO TEXAS for the U.S.-Colombia Business Council and a member of ECONOMIC DEVELOPMENT CORPORATION BOARD the World Economic Forum and the Oil and Gas Climate ABC7 News Amarillo Initiative. Hollub received a Bachelor of Science in mineral April 8, 2019 engineering the University of Alabama. She was inducted By Matthew Watkins into the University of Alabama College of Engineering 2016 class of Distinguished Engineering Fellows. AUSTIN, Texas (KVII) — Gov. Greg Abbott has appointed J. Pat Hickman, chairman and CEO of Happy Bancshare, Woody Hunt, of El Paso, is senior chairman of Hunt Inc., to the Texas Economic Development Corporation Companies, Inc. He is a member of the Complete College Board of Directors on Monday. America Board of Directors and The University of Texas MD Anderson Cancer Center Board of Visitors, a trustee Hickman, of Canyon, served as chairman and vice president of the Texas Higher Education Foundation, and founding of the Independent Bankers Association of Texas (IBAT), chairman and board member of the Borderplex Alliance in director of the IBAT Education Foundation and chairman El Paso. He is a member and former chairman of the Texas of IBAT services before his tenure as chairman and CEO at Business Leadership Council, vice chairman for Texas Happy. He is also a former member of the Texas Department Aspires and the Council for Regional Economic Expansion of Banking Commissioners Council, the Independent and Educational Development, and an advisory director Community Bankers of American Government Affairs and for WestStar Bank. Additionally, he is former chairman of Education Committee and the Independent Community the Texas Higher Education Strategic Planning Committee Bankers of America Federal Legislative Committee.
    [Show full text]
  • 2017 API Board of Directors
    2017 API Board of Directors Chairman Mr. Russ Girling Mr. Ryan Lance President and Chief Executive Officer Chairman and Chief Executive Officer TransCanada Corporation ConocoPhillips Mr. Dave Hager Chairman-Finance Committee President and Chief Executive Officer Mr. Greg Garland Devon Energy Corporation Chairman and Chief Executive Officer Phillips 66 Mr. Gary Heminger Chairman, President and Chief Executive Officer Members Marathon Petroleum Corporation Mr. Khalid Alnaji President Mr. John B. Hess Saudi Refining, Inc. Chairman and Chief Executive Officer Hess Corporation Mr. Lee Boothby Chairman, President and Chief Executive Officer Ms. Vicki Hollub Newfield Exploration Company President and Chief Executive Officer Occidental Petroleum Corporation Mr. Thomas Burke President and Chief Executive Officer Mr. Paul Howes Rowan Companies President and Chief Executive Officer Newpark Resources, Inc. Mr. John Christmann President and Chief Executive Officer Mr. W. Herbert Hunt Apache Corporation Advisor to Management Petro-Hunt, L.L.C. Mr. Martin Craighead President and Chief Executive Officer Mr. Roger Jenkins Baker Hughes, Inc. President and Chief Executive Officer Murphy Oil Corporation Mr. Bruce Culpepper President and Country Chair Mr. Paal Kibsgaard Shell Oil Company Chief Executive Officer Schlumberger Ltd. Mr. Timothy Cutt Chief Executive Officer Mr. Tracy Krohn Cobalt International Energy, L.P. Chairman and Chief Executive Officer W&T Offshore, Inc. Mr. Dan Dinges Chairman, President and Chief Executive Officer Mr. Robert “Doug” Lawler Cabot Oil & Gas Corporation President, Chief Executive Officer and Director Chesapeake Energy, Inc. Mr. Greg Ebel President and Chief Executive Officer Mr. David Lesar Spectra Energy Chairman and Chief Executive Officer Halliburton Mr. Timothy Felt President and Chief Executive Officer Mr.
    [Show full text]
  • Ceraweek-In-Review-2017.Pdf
    by 36th Executive Conference and Related Events March 6–10, 2017 | Houston, Texas Pace of Change: Building a New Energy Future 2017 in2017 Review CERAWeek ww.ceraweek.com HE Alexander Novak, Minister of Energy, Ministry of Energy of the Russian Federation Hirohide Hirai, Director General, Ministry of Economy, Trade, and Industry (METI), Japan HE Khalid A. Al-Falih, Minister of Energy, Industry, and Mineral Resources, Kingdom of Saudi Arabia Fatih Birol, Executive Director, IEA HE Dharmendra Pradhan, HE Sultan Ahmed Al Jaber, HE Mohammad Sanusi Barkindo, Minister of State for Petroleum Minister of State in the United Secretary General, OPEC & Natural Gas, India Arab Emirates & CEO, Abu Dhabi National Oil Company HE Jabbar Ali Al-Luiebi, Minister of Oil, Republic of Iraq Rt. Hon. Justin Trudeau, Prime Minister, Canada “CERAWeek is our world stage.” – Darren Woods, Chair & CEO, ExxonMobil Senator Lisa Murkowski, Chair, Energy and Natural Resources Committee, US Senate Senator John Cornyn, Majority Whip, US Senate Harold Hamm, Chair & CEO, Continental Resources, Inc.; Daniel Yergin, CERAWeek Co- Chair & Vice Chair, IHS Markit; and HE Suhail Mohamed Al Mazrouei, Minister of Energy, UAE Darren Woods, Chair & CEO, ExxonMobil Ben van Beurden, CEO, Royal Dutch Shell plc Ryan Lance, Chairman & CEO, ConocoPhillips Bob Dudley, Group Chief Executive, BP plc Patrick Pouyanné, Chair of the Board & CEO, TOTAL S.A. John Watson, Chair & CEO, Chevron Eldar Sætre, CEO, Statoil Peter Thiel, Investor & Entrepreneur, Founders Fund Vicki Hollub, President && CEO,CEO, Occidental Occidental Petroleum Petroleum Corporation Corporation Russell Stokes, Senior Vice President, Lynn Good, Chair, President & CEO, GE; President & CEO, GE Power Duke Energy Pedro Pizarro, President & CEO, Edison International Isabelle Kocher, CEO, Engie Jean-Bernard Lévy, CEO & Chair, EDF Andrew Liveris, Chair & CEO, The Dow Chemical Company Contents Mission .
    [Show full text]
  • Midyear Meeting JUNE 21-23, 2017 the RITZ-CARLTON | LAGUNA NIGUEL, CA Speaker Bios
    87thMidyear Meeting JUNE 21-23, 2017 THE RITZ-CARLTON | LAGUNA NIGUEL, CA Speaker Bios Marshall Adkins Managing Director, Director of Energy Research Oilfield Services Raymond James & Associates, Inc. Marshall Adkins focuses on oilfield services and products, in addition to leading the RJ energy research team. He and his group have won a number of honors for stock-picking abilities over the past fifteen years. Additionally, his group is well known for their deep insight into oil and gas fundamentals. Prior to joining Raymond James in 1995, he spent 10 years in the oilfield services industry as a project manager, corporate financial analyst, sales manager, and engineer. He holds a B.S. degree in petroleum engineering and an M.B.A. from the University of Texas at Austin. Mark S. Barron Partner, BakerHostetler Named a Law360 Energy MVP in 2016, Mark Barron enjoys a reputation as a nationally influential energy lawyer. Mark has guided some of the country’s largest producers of oil and gas through high-profile litigation and is a “go to” author for energy companies and trade associations developing technical comments responsive to regulatory initiatives. Mark routinely assists clients in the administrative rulemaking process, interacting with government decision makers, developing strategic policy initiatives, and litigating disputes. A prolific author and speaker on topics affecting energy producers, Mark has been featured or quoted in dozens of industry and mainstream media outlets on topics related to energy policy, hydraulic fracturing, and commercial development on public lands. In 2015, Law 360 named Mark one of five national “Rising Stars” in Energy – a designation given to the best attorneys in America under 40 years of age.
    [Show full text]