ConocoPhillips
Q3 2022 Earnings Call
Nov 03, 2022, 12:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to the Q3 2022 ConocoPhillips earnings conference call. My name is Richard, and I'll be your operator for today's call. [Operator instructions] I will now turn the call over to Phil Gresh, vice president, investor relations. Sir, you may begin.
Phil Gresh -- Vice President, Investor Relations
Yes. Thank you, Richard. And welcome to everyone joining us for our third quarter earnings conference call. On the call today are several members of the ConocoPhillips leadership team, including Ryan Lance, chairman and CEO; Bill Bullock, executive vice president and chief financial officer; Dominic Macklon, executive vice president of strategy, sustainability, and technology; Nick Olds, executive vice president of global operations; Jack Harper, executive vice president of Lower 48; and Tim Leach, advisor to the CEO.
Ryan and Bill will kick off the call with opening remarks. After, which the team will be available for your questions. Just a few quick reminders. First, along with today's release, we published supplemental financial materials and a presentation, which you can find on our investor relations website.
Second, during this call, we'll be making forward-looking statements based on current expectations. Actual results may differ due to factors noted in today's release and in our periodic SEC filings. Finally, we will make reference to certain non-GAAP financial measures. Reconciliations to the nearest corresponding GAAP measure can be found in today's release and on our website.
With that, I'll turn the call over to Ryan.
Ryan Lance -- Chairman and Chief Executive Officer
Thank you, Phil. Before we get into our strong results for the quarter, including record production, I'd like to touch on a few big-picture thoughts that are top of mind for us. First, inflation and supply chain constraints continue across the entire economy and our industry. This is particularly true in the U.S.
shale, where rapidly escalating costs, combined with extremely tight supply, are limiting the pace of industrywide production growth. Second, we believe that the world is going to need investments in medium- and long-cycle production, in addition to U.S. shale plays. The depth and quality of our U.S.
unconventional inventory, combined with our diverse global portfolio, has us well-positioned to meet these long-term supply challenges. And finally, a successful energy transition must meet society's fundamental need for a secure, reliable, and affordable energy while progressing to a lower carbon future. This requires an all-of-the-above solution. Obstacles that prevent the global market from functioning properly are not going to help the American consumer and would be disastrous for our allies.