Good afternoon, ladies and gentlemen, thank you for standing by and welcome to Repsol's First Quarter 2012 Results Presentation. The conference call will be conducted by Mr. Miguel Martinez, CFO of the Company.
Good afternoon, ladies and gentlemen, and welcome to the Repsol 2011 Full Year Results Conference Call. We will start with a brief introduction by Maria Victoria Zingoni, Director of Investor Relations. Please proceed, Maria Victoria.
Research and Markets: Looking at the Global Energy Industry