News, Before It’s News
News, Before It’s News
Chevron
· CVX
January 30th, 2026
Operator
Good morning. My name is Katie, and I will be your conference facilitator today. Welcome, everyone, to Chevron's Fourth Quarter 2025 Earnings Conference Call. At this time, participants are in a listen-only mode. After the speakers' remarks, there will be a question and answer session and instructions will be given at that time. As a reminder, this conference call is being recorded. I will now turn the conference call over to the Head of Investor Relations of Chevron, Mr. Jake Spiering.
Please go ahead.
Jake Spiering
Thank you, Katie. Welcome to Chevron's Fourth Quarter 2025 Earnings Conference Call and Webcast. I'm Jake Spiering, Head of Investor Relations. Our Chairman and CEO, Mike Wirth, and our CFO, Eimear Bonner, are on the call with me today. We will 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 to this presentation. Please review the cautionary statement and additional information presented on slide two.
Now, I will turn it over to Mike.
Michael K. Wirth
Thank you, Jake. 2025 was a year of execution. We set records, started up major projects, and strengthened our portfolio. Production reached record levels globally, and in the US, supported by key milestones and strategic actions. Including completion of the Future Growth Project at Tengiz, 260,000 barrels of oil per day. Start-up of Valleymore and Whale and the ramp-up of Anchor in the Gulf of America. Advancing towar...