5/13/2026

speaker
Operator

Welcome to Nexen's first quarter earnings call. At this time, participants are in a listen-only mode with a question and answer session to follow at the end of the presentation. This call is being recorded and a replay will be made available on Nexen's investor relations website. I'll now hand the call over to Billy Eckert, Vice President of Investor Relations, for introductions and reading of the Safe Harbor Statement. Billy, please go ahead.

speaker
Billy Eckert
Vice President of Investor Relations

Thank you, operator.

speaker
Billy Eckert
Vice President of Investor Relations

Good morning, everyone, and welcome to Nexen's first quarter earnings call. During today's call, we will discuss our financial and operating results for the three months ended March 31st, 2026, as well as our forward-looking guidance. With us on today's call are Ofer Druker, Nexen's chief executive officer, and Figi Amiri, the company's chief financial officer. This morning, we issued a press release which you can access on our IR website at investors.nexen.com. During today's call, we will make forward-looking statements. All statements other than statements of historical fact may be deemed forward-looking. We advise caution in relying on them. These statements include, without limitation, statements and projections regarding our anticipated future financial and operating performance, market opportunity, growth prospects, strategy, and financial outlook. They also include, without limitation, statements regarding our partnerships and anticipated benefits related to those partnerships, as well as expected benefits from our growth initiatives and platform investments. In addition, we may provide forward-looking views on macroeconomic and industry conditions and other statements regarding the expected development, performance, market share, or competitive position of our products and services. All forward-looking statements are based on information available to us as of the date of this call. These statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those implied by these statements. These include, among other things, unexpected changes in our business or in macroeconomic or industry conditions. More detailed information about these risk factors and additional risk factors are set forth in our filings with the U.S. Securities and Exchange Commission, including but not limited to those listed in the section entitled Risk Factors in our most recent annual report on Form 20-F. Nexen does not intend to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Additionally, the company's press release and management statements during this call will include discussions of certain measures and financial information in IFRS and non-IFRS terms. We refer you to the company's press release for additional details including definitions of non-IFRS items and reconciliations of IFRS to non-IFRS results. At this time, it is my pleasure to introduce Ofer Djouker, CEO of Nexen.

Disclaimer

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Investor presentation