Transparency

ExxonMobil's involvement with transparency initiatives is a natural extension of our commitment to ethical behavior.

Report

Transparency

We appreciate the need for relevant public and private company government payment disclosures to confirm the values of total government revenues and to help citizens hold their governments accountable for the use of those revenues.

ExxonMobil supports multi-stakeholder engagement for the purpose of increasing transparency of government revenues from the extractive industries. We believe the most successful transparency initiatives are those that apply to all foreign, domestic and state-owned companies, protect proprietary information to promote commercial competitiveness, comply with international trade conventions and treaties, and do not violate host government laws or contractual obligations. We monitor and participate in transparency initiatives and we will continue to work with governments developing new reporting rules to support transparency objectives in countries where we operate.

Performance and initiatives

ExxonMobil’s long-standing efforts to promote revenue transparency have helped reduce corruption, improve government accountability and promote greater economic stability worldwide. Since its inception, we have been an active participant in the Extractive Industries Transparency Initiative (EITI), a global organization that promotes the open and accountable management of oil, gas and mineral resources. Companies and governments participating in EITI separately report payments and revenues, enabling EITI to reconcile any differences between the totals and publish validated total government revenues.

ExxonMobil is active at both the EITI secretariat and country levels. An ExxonMobil representative has served on the EITI board as either a primary or alternate member since it began. We support the EITI application, validation and implementation processes in countries where we operate. We work with several governments that are EITI members, as well as others considering membership.

There are currently 51 countries that are compliant members or have been accepted as candidates to begin reporting under the EITI Standard.

Related content

LRQA Independent Assurance Statement

Relating to Exxon Mobil Corporation’s Sustainability Report for the calendar year 2017. This Assurance Statement has been prepared for Exxon Mobil Corporation in accordance with our contract but is intended for the readers of this Report.

Sustainability Report

Performance data table

We assess our performance at many levels of the organization, from individual operational sites to the business lines, to support continual improvement in all areas of sustainability.

Sustainability Report

Mitigating emissions in our operations

As we seek to increase production of oil and natural gas to meet growing global energy demand, we are committed to mitigating greenhouse gas emissions within our operations.

Sustainability Report

Policy engagement

ExxonMobil supports active and informed participation in the political process, and we believe that sound public policy is best achieved when a variety of stakeholders are involved.

Sustainability Report

ExxonMobil supplier vendor and contractor expectations

ExxonMobil holds its suppliers, vendors and contractors to stringent compliance, anti-corruption, nonconflict, safety and other guidelines in order to stay in good standing.

Sustainability Report

Content index (IPIECA/GRI/SDG)

View our Content index (IPIECA/GRI/SDG) to explore content within the 2017 Sustainability Report.

Sustainability Report