Ethics and integrity

Report Dec. 20, 2019

Ethics and integrity

Overview

ExxonMobil strives to uphold high ethical standards at all times and in all aspects of our business. Our Standards of Business Conduct set the ethical conduct expectations for our corporation and majority-owned subsidiaries. Employees must annually confirm that they have read and comply with the Standards to ensure a consistent understanding.

ExxonMobil requires that all employees, officers, directors and those working on our behalf comply with all applicable laws. Our Anti-Corruption Legal Compliance Guide outlines ExxonMobil’s commitment to comply with the U.S. Foreign Corrupt Practices Act, the United Kingdom Bribery Act and global anti-corruption standards in our business relationships. ExxonMobil prohibits employees and contractors acting on our behalf from engaging in transactions with government officials that improperly influence performance of their official duties. Our standard language for procurement contracts includes requirements to keep accurate books and records, with specific anti-bribery commitments.

ExxonMobil encourages employees and contractors to ask questions, voice concerns and report any alleged violations of company policies. In addition to our open-door communication procedures, ExxonMobil has several confidential mechanisms for reporting. Employees can submit concerns through a 24-hour hotline phone number or a mailing address. We respect confidentiality, subject to legal requirements, and strictly prohibit retaliation against any employee for submitting concerns. A hotline steering committee reviews reports of suspected violations. The board audit committee, comprising three independent, non-employee directors, oversees accounting and internal control matters for the company, including compliance with legal and regulatory requirements. The board audit committee receives a quarterly report summarizing the steering committee’s findings, including any policy violations. Confirmed violations lead to disciplinary actions, up to and including termination. For more information on the board audit committee, visit the company’s annual proxy statement.

2018 performance and initiatives 

We conduct regular internal audits and self-assessments to verify the effectiveness of our control systems and adherence to our Standards of Business Conduct. ExxonMobil’s team of internal auditors annually reviews approximately one-third of the corporation’s activities and processes. Internal auditors have access to all operations, records, personnel and properties. We thoroughly investigate any suspected acts of noncompliance with the Standards of Business Conduct.

Employees in relevant job functions receive in-person training on anti-trust, anti-corruption, anti-boycott, trade sanctions and export controls soon after entering their positions and every year thereafter. In 2018, nearly 37,000 employees and contractors participated in such training.

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Governance

Good corporate governance creates a business environment conducive to long-term growth. ExxonMobil employs a variety of policies and processes to uphold high ethical standards and promote transparency. Our efforts are underpinned by a board of directors that provides strategic oversight of our corporation’s affairs.

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Environment

ExxonMobil’s diverse portfolio of projects requires us to work in remote and sensitive environments, including deepwater and biodiverse locations. Our environmental management approach is guided by an understanding of the potential environmental impacts of our operations and a commitment to sustainably develop, maintain and operate projects using appropriate standards that enable us to ‘Protect Tomorrow. Today.’

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Social

Around the world, ExxonMobil aims to be a preferred business partner, neighbor, employer and supplier. ExxonMobil maintains a corporate-wide commitment to safeguarding the health and security of our employees and the public, responsibly managing our social impacts and upholding respect for human rights in our operations.

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