Chevron Corporation (CVX) Q4 2025 Earnings Call

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WEBVTT 00:00:00.740 -- 00:00:03.924 Good morning. My name is Katie, and I will be your conference facilitator today. 00:00:03.924 -- 00:00:09.051 Welcome, everyone, to Chevron's fourth quarter 2025 earnings conference call. 00:00:09.051 -- 00:00:11.894 At this time, all participants are in a listen-only mode. 00:00:11.894 -- 00:00:15.799 After the speaker's remarks, there will be a question and answer session, and instructions 00:00:15.799 -- 00:00:20.084 will be given at that time. If anyone requires assistance during the conference call, 00:00:20.084 -- 00:00:23.649 please press star then zero on your touchtone telephone. 00:00:23.649 -- 00:00:26.474 As a reminder, this conference call is being recorded. 00:00:26.474 -- 00:00:30.178 I will now turn the conference call over to the head of investor relations of Chevron 00:00:30.178 -- 00:00:33.862 Corporation, Mr. Jake Spiering. Please go ahead. 00:00:33.862 -- 00:00:38.848 Thank you, Katie. Welcome to Chevron's fourth quarter 2025 earnings conference call and 00:00:38.848 -- 00:00:42.412 webcast. I'm Jake Spiering, head of investor relations. 00:00:42.412 -- 00:00:48.678 Our chairman and CEO, Mike Wirth, and our CFO, Emer Bonner, are on the call with me today. 00:00:48.678 -- 00:00:53.784 We will refer to the slides and prepare remarks that are available on Chevron's website. 00:00:53.784 -- 00:00:58.439 But before we begin, Please be reminded that this presentation contains estimates, projections, 00:00:58.439 -- 00:01:02.843 and other forward-looking statements. A reconciliation of non-GAAP measures can be found 00:01:02.843 -- 00:01:05.664 in the appendix to this presentation. 00:01:05.906 -- 00:01:09.209 Please review the cautionary statement and additional information presented on slide 00:01:09.209 -- 00:01:12...