Newfield CEO Says Focus on Generating Free Cash Flow

The transcript discusses the company's earnings, asset base, and long-term decisions, emphasizing the importance of not focusing on short-term stock price reactions. It addresses concerns about drilling activities and production, particularly the gassy nature of some wells. The company's performance is analyzed, highlighting a focus on CapEx and cash flow strategy. Finally, hedging strategies and market positioning for future years are discussed, with an emphasis on adapting to market conditions.

What is the company's approach to handling short-term stock price fluctuations?

• Focusing on immediate stock buybacks

• Prioritizing long-term decisions over short-term reactions

• Increasing marketing efforts

• Reducing operational costs immediately

How does the company plan to manage its drilling activities?

• By focusing solely on oil-rich wells

• By participating in high-return projects, even if they are gassy

• By reducing the number of wells drilled

• By outsourcing all drilling activities

What is the company's strategy for generating free cash flow?

• Reducing employee salaries

• Selling off assets

• Increasing debt to fund operations

• Balancing cash flow from operations and capital expenditures

How hedged is the company for the year 2018?

• Not hedged at all

• 75% hedged

• 100% hedged

• 50% hedged

What challenge does the company face with the backwardated market curve?

• It complicates the decision to add new hedging positions

• It reduces the demand for oil

• It makes it difficult to predict future oil prices

• It increases the cost of drilling