Marathon Oil Corporation (NYSE:MRO) Q4 2022 Earnings Call Transcript

Michael Henderson: I think — I mean the other thing probably you look at rig count, broadly speaking, that’s definitely flattened also from an activity perspective that should be helpful as well. I kind of alluded to this in maybe one of my previous answers with commodity prices, particularly gas being where they are potentially some of the gas basins, maybe in particular, start to see activity and tailing off and that potentially could lead to a little bit of a weakening in the market as well. And I’ll probably start with rigs, but then there’s a non-current effect on contribution crews and everything else that comes in the oilfield service sector. So I think when — again, I touched on a few minutes ago when I think about our strategy, our approach to the year in terms of locking in, pretty much most of our prices in the first half of the year and then the flexibility in the second half of the year, I think we feel pretty good about the broad macro situation.

Operator: This concludes our question-and-answer session. I would now like to turn the conference back over to Lee Tillman for any closing remarks.

Lee Tillman: Well, thank you for your interest in Marathon Oil. I’d like to close by again thanking all of our dedicated employees and contractors for their commitment to safely and responsibly deliver the energy the world needs now more than ever. Thank you very much.

Operator: This conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.