Marathon Oil Corporation (MRO) Q1 2023 Earnings Call Transcript

Marathon Oil Corporation (NYSE:MRO) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET

Company Participants

Guy Baber - VP of IR

Lee Tillman - Chairman, President and CEO

Dane Whitehead - EVP and CFO

Pat Wagner - EVP, Corporate Development and Strategy

Mike Henderson - EVP, Operations

Conference Call Participants

Arun Jayaram - JPMorgan

Scott Hanold - RBC

Neal Dingmann - Truist

Matt Portillo - TPH

Scott Gruber - Citigroup

Umang Choudhary - Goldman Sachs

Operator

Good morning, everyone, and welcome to the Marathon Oil First Quarter 2023 Earnings Conference Call. [Operator Instructions] Please also note today's line is being recorded.

At this time, I'd like to turn the floor over to Guy Baber, Vice President of Investor Relations. Please go ahead.

Guy Baber

Thanks, Jamie, and thank you as well to everyone for joining us on the call this morning. Yesterday, after the close, we issued a press release, a slide presentation, and investor packet that address our first quarter 2023 results. Those documents can be found on our website at marathonoil.com.

Joining me on today's call are Lee Tillman, our Chairman, President, and CEO; Dane Whitehead, Executive VP and CFO; Pat Wagner, Executive VP of Corporate Development and Strategy; and Mike Henderson, our Executive VP of Operations.

As a reminder, today's call will contain forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. I'll refer everyone to the cautionary language included in the press release and presentation materials, as well as the risk factors described in our SEC filings. We'll also reference certain non-GAAP terms in today's discussion, which have been reconciled and defined in our earnings materials.

With that, I will turn the call over to Lee and the rest of the team, who'll provide prepared remarks. After the completion of those remarks, we'll move to a question-and-answer session. Lee?

Lee Tillman

Thank you, Guy, and good morning to everyone listening to our call today.

First, I want to say thank you to our employees and contractors for another quarter, a comprehensive execution against our framework for success. I'm especially grateful for your commitment to safety, differentiated execution, and environmental excellence. Well done on another great quarter, while staying true to our core values.

We have a number of notable topics to cover today to continue to build on our peer-leading and market-leading financial and operational performance. I'll start by reviewing some key takeaway consistent with the summary on Slide 5 of our earnings presentation.