Section I: Management Presentation
Good day, ladies and gentlemen, and welcome to the Halliburton third quarter 2013 earnings conference call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this call is being recorded.
I would now like to introduce your host for today’s conference, Mr. Kelly Youngblood. Sir, you may begin.
Kelly Youngblood – IR, Halliburton Company
Thanks, Sam. Good morning and welcome to the Halliburton’s third quarter 2013 conference call. Today’s call is being webcast and a replay will be available on Halliburton’s website for seven days. The press release announcing the third quarter results is also available on the Halliburton website.
Joining me today are Dave Lesar, CEO, Jeff Miller, COO, and Mark McCollum, CFO. Tim Probert, President of Strategy and Corporate Development will also be available today for follow-up calls.
I would like to remind our audience that some of today’s comments may include forward-looking statements, reflecting Halliburton’s views 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, 2012, Form 10-Q for the quarter-ended June 31, 2013, recent current reports on Form 8-K and other Securities and Exchange Commission laws.
Our comments include non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are included in our third quarter press release which, as I have mentioned, can be found on our website. In our discussion today, we will be excluding the financial impact of the third quarter charges related to employee severance and asset write-offs of $38 million after-tax, or $0.04 per diluted share, unless otherwise noted. We will welcome questions after we complete our prepared remarks. We ask that you please limit yourself to one question and one related follow-up to allow more time for others who have questions.