Report Dec. 15, 2022
Ethics and integrity
We strive to always uphold high ethical standards and in all aspects of our business.
Report Dec. 15, 2022
Overview
Our Standards of Business Conduct set the ethical conduct expectations for ExxonMobil and its wholly owned and majority-owned subsidiaries. Employees are reminded of these Standards of Business Conduct annually. Business practices training is required for employees every four years. ExxonMobil requires all employees, officers, directors and those working on our behalf to comply with all applicable laws.
ExxonMobil encourages employees and contractors to ask questions and voice concerns, and we insist on the reporting of any alleged violations of company policies. In addition to our open-door communication procedures, we have several confidential mechanisms for reporting. Employees can submit concerns anonymously through a 24-hour hotline or a mailing address. We respect confidentiality, subject to legal requirements, and have protections in place to prevent retaliation against any employee for submitting concerns. A hotline steering committee reviews reports of suspected violations.
The Board Audit Committee, comprised of four independent, non-employee directors, oversees accounting and internal control matters for the company, including compliance with legal and regulatory requirements. The Audit Committee receives a quarterly report summarizing the hotline 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, please see the company’s annual proxy statement on our Investor Relations webpage.
2021 performance and initiatives
ExxonMobil conducts regular internal audits and self-assessments to verify the effectiveness of our control systems and adherence to our Standards of Business Conduct. Our team of internal auditors annually reviews approximately one-third of ExxonMobil’s activities and processes on a rolling basis. Internal auditors have access to all operations, records, personnel and properties. We thoroughly investigate suspected acts of noncompliance.
Employees in relevant job functions receive online and in-person training on antitrust, anti-corruption, anti-boycott, trade sanctions and export controls soon after entering their positions, as well as every year thereafter. In 2021, more than 17,000 employees and contractors participated in such training.
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Board leadership
ExxonMobil’s Board of Directors oversees the corporation’s management, including its risk management. It also reviews long-term strategic plans, selects and reviews the performance of the chief executive officer (CEO), reviews development and succession plans for top executives, as well as a number of other functions.Governance Report • Dec. 15, 2022
Engaging with governments
ExxonMobil believes that sound public policy should include input from a variety of stakeholders. We recognize policy decisions made at all levels of government can have significant effects on our current and future operations. We support sound policies promoting economic growth and stable investment for long-term business viability.Governance Report • Dec. 15, 2022
Engaging with shareholders
ExxonMobil is focused on creating long-term value while seeking to meet the world’s growing energy needs. Responsible engagement provides an effective forum to discuss issues and share relevant information, facts and viewpoints.Governance Report • Dec. 15, 2022
Environment
How we assess and manage our operations, from initial planning to decommissioning and rehabilitation.
Sustainability Report
Social
ExxonMobil is committed to being a good corporate citizen in the places we operate worldwide.
Sustainability Topic