Loren Singletary | National Oilwell Varco, Inc. |
Clay C. Williams | National Oilwell Varco, Inc. |
Jose A. Bayardo | National Oilwell Varco, Inc. |
William Herbert | Simmons & Company International |
J. David Anderson | Barclays Capital, Inc. |
J. Marshall Adkins | Raymond James & Associates, Inc. |
Sean C. Meakim | JPMorgan Securities LLC |
Byron K. Pope | Tudor, Pickering, Holt & Co. Securities, Inc. |
Igor Levi | Morgan Stanley & Co. LLC |
Waqar Syed | Goldman Sachs & Co. LLC |
Kurt Hallead | RBC Capital Markets LLC |
Good day, ladies and gentlemen, and welcome to the National Oilwell Varco Fourth Quarter and Full Year 2017 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time.
As a reminder, this conference call is being recorded. I would now like to introduce your host for today's conference, Mr.