Statement of support
Engagement with the EITI
ConocoPhillips is committed to the EITI principles and is involved in the EITI process and implementation in countries where the company operates. The company cooperates with governments and provides the required information for EITI Validation and reporting processes. Three EITI implementing countries where the company operates, Timor-Leste, Nigeria and Norway, have achieved satisfactory progress in the implementation of the EITI Standard.
ConocoPhillips supports other transparency initiatives, including the Dodd-Frank Act in the United States and the EU Accounting and Transparency Directives in the European Union. These initiatives include detailed mechanisms for payment transparency, which the company believes can and should be accomplished in a manner that does not require companies to violate existing contractual and legal obligations and it is fair to all participants in the extractive industries.
For more information about Conocophilip’s sustainability approach is available on ConocoPhillips’s website.
Link to the statement of support on ConocoPhillips' website