Chevron Corporation (CVX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, we're ready. Good morning. Please stand by. Good morning. My name is Katie and I will be your conference facilitator today. Welcome to Chevron's second quarter 2026 earnings conference call. At this time, all participants are in a listen only mode. After the speaker's remarks, there will be a question and answer session and instructions will be given at that time. If anyone requires assistance during the conference call, please press star then zero on your touch tone telephone. As a reminder, this conference call is being recorded. I will now turn the conference call over to Head of Investor Relations of Chevron Corporation, Jeanine Wai. Please go ahead. Thank you, Katie. Welcome to Chevron's second quarter 2026 earnings conference call and webcast. I'm Jeanine Wai, Head of Investor Relations. Our Chairman and CEO Mike Wirth, CFO Eimear Bonner, and President New Energy's Jess Gustafson are on the call with me today. We'll refer to the slides and prepared remarks that are available on Chevron's website. Before we begin, please be reminded that this presentation contains estimates, projections, and other forward-looking statements. A reconciliation of non-GAAP measures can be found in the appendix of this presentation. Please review the cautionary statement and additional information presented on slide two. Now, I'll turn it over to Mike. Thanks, Jeanine. Amid geopolitical uncertainty and market volatility, Chevron delivered a strong second quarter driven by our consistent strategy, capital discipline, and strong execution. Global upstream production grew more than 5% quarter over quarter, underpinned by exceptional reliability across key assets. In the US, we achieved a new upstream production record of nearly 2.1 million barrels of oil equivalent per day and re...