Scott Espenshade | Vice President of Investor Relations |
Todd Stevens | President and Chief Executive Officer |
Marshall Smith | Senior Executive Vice President and Chief Financial Officer |
Doug Leggate | Bank of America Merrill Lynch |
Brian Singer | Goldman Sachs |
James Spicer | Wells Fargo & Company |
Pavel Molchanov | Raymond James & Associates, Inc. |
Jason Gilbert | Goldman Sachs |
Sean Sneeden | Guggenheim Partners |
Jacob Gomolinski-Ekel | Morgan Stanley |
Gregg Brody | Bank of America Merrill Lynch |
Joseph von Meister | Bennett Management |
Good afternoon and welcome to the California Resources Corporation Fourth Quarter and Year End 2017 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please also note this event is being recorded. I would now like to turn the conference over to Mr.