Exxon Mobil Corporation (XOM) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Investor Relations, and I'm joined by Darren Woods, Chairman and Chief Executive Officer. Kathy Michaels, our Senior Vice President and CFO, is not on the call today as she's recovering from a planned medical procedure. We wish her a speedy recovery. This quarter's presentation and pre-recorded remarks are available on the Investor section of our website. They're meant to accompany the second quarter earnings press release, which is posted in the same location. 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 thank you for joining us. This quarter, once again, proved the value of our strategy and our competitive advantages. They continue to deliver for our shareholders, no matter the market conditions or geopolitical developments. We built our strategy to take maximum advantage of ExxonMobil's uniquely diversified business across multiple markets and products. Products that exist today and new products that are groundbreaking technology will enable for the future. In our upstream business, we achieved the highest second quarter production since the merger of Exxon and Mobil more than 25 years ago. But it's not just about the volume. We're growing production from assets that deliver the most value. More than half of our oil and natural gas production comes from high-return, ad...