when you call a class on a variable is it an a reference to object code example

Example: python class

class Dog(object):
    def __init__(self, name, age):
        self.name = name
        self.age = age

    def speak(self):
        print("Hi I'm ", self.name, 'and I am', self.age, 'Years Old')

JUB0T = Dog('JUB0T', 55)
Friend = Dog('Doge', 10)
JUB0T.speak()
Friend.speak()