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 covers drilling activities, production challenges, and market performance, highlighting the company's financial strategies and focus on generating free cash flow. The discussion also includes hedging strategies to preserve cash flow amid market uncertainties.

What is the company's focus despite short-term stock price reactions?

• Short-term profits

• Long-term decisions on capital allocation

• Immediate stock buybacks

• Reducing operational costs

What is a concern regarding the company's drilling activities?

• The wells are too deep

• The wells are located in remote areas

• The wells are more gassy and less oily

• The wells are too expensive to drill

How does the company plan to handle its cash flow?

• By selling assets

• By reducing employee salaries

• By balancing cash flow from operations and capital expenditures

• By increasing debt

What percentage of production is hedged for 2018?

• 25%

• 100%

• 50%

• 75%

What is the company's strategy for hedging in 2020?

• Fully hedged

• Hedged at 50%

• Not hedged

• Partially hedged