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Chevron Corporation
10/28/2022
Good morning. My name is Sarah, and I will be your conference facilitator for today. Welcome to Chevron's third quarter 2022 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 should require assistance during the conference call, please press star and then zero on your touchtone telephone. As a reminder, this conference call is being recorded. I will now turn the conference over to the General Manager of Investor Relations of Chevron Corporation, Mr. Roderick Green. Please go ahead.
Thank you, Sarah. Welcome to Chevron's third quarter 2022 earnings conference call and webcast. I'm Roderick Green, GM of Investor Relations. Our Chairman and CEO, Mike Wirth, and CFO, Pierre Breber, are on the call with me. We will refer to the slides and prepare 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. Please review the cautionary statement on slide two. I will now turn it over to Mike.
Thank you, Roderick, and thanks everyone for joining us today. We continue to see a challenging and dynamic macroeconomic and geopolitical environment. Current events highlight the importance of balancing economic prosperity, energy security, and environmental protection. In line with these three imperatives, Chevron remains focused on our objective to safely deliver higher returns and lower carbon. During the third quarter, we continue to make progress by delivering return on capital employed in the mid-20s, returning more than $5 billion to shareholders for the second quarter in a row, and investing to grow both our traditional and new energy businesses. Earlier this week, we released our methane report with specific disclosures about our aim to be a leader in methane emissions management. Our goal is simple, keep methane in the pipe. I encourage you to read our report available on chevron.com. Our strategy remains clear and consistent. Our results keep getting better. While future market conditions are uncertain, we're well positioned to deliver value to our shareholders in any environment. With that, I'll turn it over to Pierre.
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