ConocoPhillips
Q4 2022 Earnings Call
Feb 02, 2023, 12:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to the Q4 2022 ConocoPhillips earnings conference call. My name is Michelle, and I will 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 -- Executive Vice President, Investor Relations
Yes. Thank you, operator, and welcome to everyone joining us for our fourth quarter 2022 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 Lower 48; Andy O'Brien, senior vice president of global operations; 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. 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, to make, we will make reference to some 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
Thanks, Phil, and thank you to everyone for joining our fourth quarter 2022 earnings conference call. As we sit here today, there are a number of cross-currents in the global economy. While the energy sector is not immune to potential macro headwinds, our fundamental outlook remains constructive. On the demand side, we think that growth will continue in 2023, aided by a normalization in China mobility following the loosening of COVID restrictions.
On the supply side, we believe the continued producer discipline and the expected impacts of Russian oil and product sanctions are likely to keep balances tight. So, while commodity prices are currently not as high as they averaged in 2022, we see duration to this upcycle. Stepping back, we remain steadfast in our view that a successful energy transition must meet society's fundamental need for secure, reliable, and affordable energy, while also progressing toward a lower carbon future. While we all recognize the challenges that global energy policymakers face to achieve the goals of the Paris Agreement, it is clear that doing so requires an all-of-the-above approach.