Management remarks
Call period: 2026 Q2 · 2026-08-05
Guidance: Jeffrey Leitzell: For the full year 2026, we expect to deliver 5% oil production growth and 14% total production growth with capital expenditures unchanged at $6.5 billion.Demand and orders: Ezra Yacob: natural gas demand to grow between 3% and 5% on a compound annual growth rate through the end of the decade.Analyst Q&A
Analyst Gabe Daoud asked: That's helpful. And then maybe just as a follow-up, going back to exploration and maybe a macro question as well. Can we get your updated thoughts around the gas macro? Management Ezra Yacob answered: On the gas side, our outlook, we do remain constructive. It's underpinned by rising LNG feed gas demand, growing electricity consumption as well as steady industrial demand growth and, to a lesser extent, maybe exports to Mexico. We forecast U.S. natural gas demand to grow between 3% and 5% on a compound annual growth rate through the end of the decade. We do expect storage levels to continue with increased volatility relative to that 5-year average just because of the increased demand.管理层陈述
电话会期间：2026 Q2 · 2026-08-05
指引：杰弗里·莱策尔表示：2026年全年，我们预计石油产量增长5%，总产量增长14%，资本支出维持65亿美元不变。需求与订单：以斯拉·亚科布表示：到本世纪末，天然气需求的复合年增长率将在3%至5%之间。分析师问答
分析师加布·达乌德向管理层埃兹拉·雅各布询问有关天然气宏观环境的最新看法。埃兹拉表示，团队对天然气市场仍持乐观态度，该展望受液化天然气进料需求上升、电力消费增长、工业需求稳步增长及对墨西哥出口等因素支撑。团队预测，到本世纪末，美国天然气需求的复合年增长率将在3%至5%之间，且因需求增长，库存波动率将高于5年均值。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
