Weatherford International plc (NASDAQ:WFRD) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET

Company Participants

Mohammed Topiwala - Director, Investor Relations & M&A

Girish Saligram - President & Chief Executive Officer

Keith Jennings - Executive Vice President & Chief Financial Officer

Conference Call Participants

Doug Baker - Benchmark Research

James Hubbard - Deutsche Bank

Ati Modak - Goldman Sachs

Gregg Brody - Bank of America

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International Second Quarter 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] As a reminder, this event is being recorded.

I would now like to turn the conference over to Mohammed Topiwala, Director, Investor Relations and M&A. Sir, you may begin.

Mohammed Topiwala

Welcome, everyone, to the Weatherford International second quarter 2022 conference call. I'm joined today by Girish Saligram, President and CEO; and Keith Jennings, Executive Vice President and CFO. We will start today with our prepared remarks and then open it up for questions. You may download a copy of the presentation slides that correspond with today's call from our website's Investor Relations section.

I want to remind everyone that some of today's comments include forward-looking statements. These statements are subject to many risks and uncertainties that could cause our actual results to materially differ from any expectation expressed herein. Please refer to our latest Securities and Exchange Commission filings for risk factors and cautions regarding forward-looking statements. Our comments today also include non-GAAP financial measures. The underlying details and a reconciliation of GAAP to non-GAAP financial measures are included in our second quarter earnings press release, which can be found on our website.

With that, I'd like to turn the call over to Girish.

Girish Saligram

Thanks, Mohammad, and thank you all for joining the call today. The One Weatherford team delivered another terrific quarter, and my gratitude and appreciation go out to all of our 17,500 team members. Our results this quarter are a testament to our focus on creating value for our customers and delivering on our promise of margin expansion and cash generation to our investors.

While the overall environment was headlined by headwinds on inflation, commodity price volatility, supply chain bottlenecks and geopolitical driven disruptions. At a deeper level, fundamental activity levels in core oil and gas operations remain robust and buoyant.