ConocoPhillips

ConocoPhillips is a multinational energy corporation with its headquarters located in the Energy Corridor district of Houston, Texas in the United States.
Supporter since 2007

Statement of support

We endorse transparency in the extractive industries. We are a participating member of the Extractive Industries Transparency Initiative (EITI), one mechanism which seeks to ensure that natural resource wealth is an engine for economic growth that contributes to sustainable development and poverty reduction.

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.

Strengthening Transparency

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 

Statement of support to the EITI on ConocoPhillip's website