Kosmos Energy Ltd. (NYSE:KOS) Q1 2022 Earnings Conference Call May 9, 2022 11:00 AM ET
Company Participants
Jamie Buckland – Vice President-Investor Relations
Andy Inglis – Chairman and Chief Executive Officer
Neal Shah – Chief Financial Officer
Conference Call Participants
Neil Mehta – Goldman Sachs
Charles Meade – Johnson Rice
Bob Brackett – Bernstein Research
James Hosie – Barclays
Mark Wilson – Jefferies
Matthew Smith – Bank of America
Operator
Good day, everyone, and welcome to Kosmos Energy’s first quarter 2022 conference call. [Operator instructions]
At this time, let me turn the call over to Jamie Buckland, Vice President of Investor Relations at Kosmos Energy. Please go ahead.
Jamie Buckland
Thank you, operator, and thanks to everyone for joining us today. This morning, we issued our first quarter earnings release. This release and the slide presentation to accompany today’s call are available on the Investors page of our website. Joining me on the call today to go through the materials are Andy Inglis, Chairman and CEO; and Neal Shah, CFO.
During today’s presentation, we will make forward-looking statements that refer to our estimates, plans and expectations. Actual results and outcomes could differ materially due to factors we note in this presentation and in our UK and SEC filings. Please refer to our annual report, stock exchange announcement and SEC filings for more details. These documents are available on our website.
And at this time, I’ll turn the call over to Andy.
Andy Inglis
Thanks, Jamie, and good morning and afternoon to everyone. Thank you for joining us today for our first quarter results call. I’d like to start today’s presentation looking at the company’s portfolio, focusing on the key characteristics, which differentiate Kosmos position as well in a rapidly changing oil and gas sector. We’ll then talk about the quarter, looking at both the operational and financial progress we’ve made year-to-date before opening up for Q&A.
Starting on Slide 3. This is a slide we showed with our full year results in February, updated for Tullow preemption in Ghana. The war in Ukraine has fundamentally restructured the global oil and gas markets, and we believe we have the right portfolio at the right time to address the challenges this irreversible change has introduced.
Our production is expected to grow by approximately 50% in the next two years, helping to provide the oil and gas the world needs today. We have a strategic LNG resource needed to support a just transition in Africa while enhancing energy security. We think these attributes differentiate Kosmos and offer investors a compelling opportunity to own a company with a purpose and a portfolio that is fit for the future.