Exxon Mobil Corporation (XOM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm Jim Chapman, Vice President, Treasurer and Investor Relations, and I'm joined by Darren Woods, Chairman and Chief Executive Officer, and Kathy Michaels, Senior Vice President and Chief Financial Officer. This quarter's presentation and pre-recorded remarks are available on the Investors section of our website. They're meant to accompany the first quarter earnings news release, which is posted in the same location. We also published a new company overview presentation, which is posted alongside our earnings materials. This document provides some new financial and other perspectives on ExxonMobil. During today's presentation, we'll make forward-looking comments, including discussions of our long-term plans, which are subject to risks and uncertainties. Please read our cautionary statement on slide two. You can find more information on the risks and uncertainties that apply to any forward-looking statements in our SEC filings on our website. Note that we also provided supplemental information at the end of our earnings slides, which are also posted on the website. And now I'll turn it over to Darren for opening remarks. Good morning, and thanks for joining us. I'll begin with some comments on the current market and policy environment, especially in light of the ongoing uncertainty in tariffs. It is clear that this uncertainty is weighing on economic forecast, causing significant volatility and raising the prospects of slower growth. Coupled with the threats of increased OPEC supply, we're seeing significant downward pressure on prices and margins. In this environment, it's more important than ever to focus on what we can control in this company's track record of delivery. The work we've done over the past eight years should make one thing clear. We're ready for this...