Key Stakeholders

Our key stakeholders include:

  • Employees We initiate dialogue with our employees and seek their input in our day-to-day activities. In addition, we offer numerous opportunities for employees to provide their thoughts on the company, including opinion surveys, town hall meetings and one-on-one employee development discussions. We routinely conduct an employee opinion survey, which typically yields a high employee participation rate. The information gathered through such surveys helps management address issues that are important to employees, including safety, environmental preservation, and employee compensation and retention.
  • Shareholders – We communicate financial and operating performance with our shareholders through company reports and Securities and Exchange Commission filings, annual shareholders meetings, quarterly earnings releases and conference calls, and presentations to securities analysts. Further, we make Internet links to these events and other information available on our Web site. Our annual proxy statement provides a full listing of formal requests filed by shareholders, and we maintain a process for shareholders and interested parties to communicate with the board of directors. We also engage with investors on a range of sustainable development topics through ongoing dialogue, meetings, conferences and discussion forums.
  • Governments – We engage with local, state or provincial, and federal governments in the key areas of public policy and regulatory oversight that affect existing and future company operations and business. In certain circumstances, we work with governing bodies and regulatory agencies and engage in proactive exchanges of information. Major areas of interest for government stakeholders are taxation, environmental and economic issues.
    ConocoPhillips endorses the
    Extractive Industries Transparency Initiative, which seeks to ensure that revenues paid to governments by companies working in resource-rich countries contribute to sustainable development and poverty reduction. Read further information on our economic transparency statement.
  • Communities – Wherever we operate, our major projects and business units engage with local communities in a variety of ways, including consultations on specific projects, public forums or community investments. The company has various organized groups and programs that engage the community to discuss issues and concerns. Although specific areas of interest for communities can vary widely, recurring themes include the availability of employment and other economic opportunities, local environmental issues such as air and water impacts, emergency response procedures, and the company’s contribution to local social investment.
  • Customers, suppliers and contractors – The most common avenue for communicating with these stakeholders is our secure extranet site, where business partners can access financial information, interactive processes and fuel-purchasing procedures. In addition, they also can contact us through the ConocoPhillips Web site by submitting e-mail questions and feedback.

    To maintain and strengthen relationships with long-term customers and suppliers, the company initiates frequent conversations, correspondence and meetings. As an example, our regular and informative interactions with suppliers cover topics such as our long-term needs, on-site performance expectations and our position and requirements concerning diversity, ethics and other sustainability issues.

    As with our employees, we believe safety is the most important issue in our work with contractors. We address this in our operations by working with contractors on various comprehensive safety training and educational programs.

  • Other organizations - We connect with various stakeholders and industry peers through active involvement in several sustainability-related partnerships, including:
      • World Business Council for Sustainable Development – In addition to our support of the organization as a whole, we actively participate in its energy and climate, water and ecosystems working groups, and with the Future Leaders team. ConocoPhillips co-led the development of the WBCSD publication Adaptation: An Issue Brief for Business. We have been actively involved in the updates of the Global Water Tool and its linkage to the development of the Local Water Tool.
      • International Petroleum Industry Environmental Conservation Association (IPIECA) – We are active participants in the oil spill, water, biodiversity, reporting, health and social responsibility working groups. We contributed our support to IPIECA’s efforts in recent years to reach out to a wide array of stakeholders by participating in the design of a stakeholder dialogue and helping to represent the social responsibility working group at that dialogue. We also supported IPIECA’s presence at the Conference of the Parties 9 IUCN World Conservation Forum, where we presented information on our biodiversity efforts with Canadian woodland caribou and the Athabasca, Canada, wetlands.
      • International Association of Oil and Gas Producers (OGP) – Currently, we lead the management committee for this organization of exploration and producing companies, which shares information and develops guidance on safety, the environment, governance, fiscal transparency and corporate social responsibility. Additionally, we serve on the OGP Environment Committee.
      • Climate change partnerships.
      • Partnerships to deliver social programs.

We continuously review our approach to engaging corporate-level stakeholders and identify additional activities that may provide better opportunities to communicate with key stakeholders.

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