Marathon Oil Corporation (MRO) Q3 2022 Earnings Call Transcript

Marathon Oil Corporation (NYSE:MRO) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET

Company Participants

Guy Baber - Vice President, Investor Relations

Lee Tillman - Chairman, President and CEO

Dane Whitehead - Executive Vice President and CFO

Pat Wagner - Executive Vice President, Corporate Development and Strategy

Michael Henderson - Executive Vice President, Operations

Conference Call Participants

Neal Dingman - Truist Securities

Scott Hanold - RBC Capital Markets

Jeanine Wai - Barclays

Doug Leggate - Bank of America Merrill Lynch

Paul Cheng - Scotiabank

Operator

Welcome to Marathon Oil Third Quarter Earnings Call. My name is Sheryl, and I will be your operator for today’s call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions]

As a reminder, the conference is being recorded. I will now turn the call over to Guy Baber, Vice President, Investor Relations. Sir, you may begin.

Guy Baber

Thank you, Sheryl. Thank you as well to everyone for joining us on the call this morning. Yesterday after the close, we issued a press release, slide presentation and investor packet that addressed our third quarter 2022 results. Alongside those standard earnings materials, we also issued a separate press release and slide deck, addressing our acquisition of the Ensign Natural Resources’ Eagle Ford assets. All of 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 Michael Henderson, 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 will refer everyone to the cautionary language included in the press release and the presentation materials, as well as to the risk factors described in our SEC filings.

We will 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 will provide prepared remarks. After the completion of the remarks, we will move to question-and-answer session. So in the interest of time we ask that you limit yourselves to one question with a follow-up. Lee?