Politics in Oil and Gas: Analysis of Conoco Philips' Strategic Approach

Running head: POLITICS IN OIL AND GAS
Politics in oil and gas
Name of the Student
Name of the University
Author Note

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POLITICS IN OIL AND GAS
Table of Contents
Introduction:...............................................................................................................................2
Discussion:.................................................................................................................................2
Governance structure of organisation:.......................................................................................2
Similarities and differences between the identified themes and those expected in other
industries:...................................................................................................................................5
Examples of proactive and reactive measures used by company:.............................................8
Boardroom politics:....................................................................................................................9
Ethical matters:.........................................................................................................................10
Behavioral challenges and potential ways of mitigating them:...............................................11
Conclusion:..............................................................................................................................13
References list:.........................................................................................................................13

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Introduction:
The report is prepared for critically analyzing the strategic approach of company by
emphasizing on different identified themes. These themes include reputation management,
corporate governance, corporate social responsibility and ethics and boardroom organization.
The selected organization for the purpose of analysis is Conoco Philips which is the largest
independent multinational energy corporation based on proved and production reserves. It
carries out operations in seventeen countries while being committed to effective and efficient
production and exploration of oil and natural gas. The organisation has long history of proud
and long history of producing and finding oil and gas (conocophillips.com 2018). Report is
prepared for demonstrating the similarities and differences between several themes and
illustrations of proactive and reactive measures taken by company. In addition to this,
governance structure of company and potential ways of mitigating the behavioral challenges
has been explained.
Discussion:
Governance structure of organisation:
Conoco Philips has effective and clear governance structure concerning sustainable
development which extends from executive leadership and board of directors to the field of
operations. The structure of corporate governance is supported by approach of management
system with standards, policies and practices for assessment of social and environmental
risks. The corporate governance structure of Conoco Philips comprised of four board
committees, board of directors and team of executive leadership. For addressing the key
sustainability issues such as stakeholder engagement, overall implementation, climatic
change, human rights, water and bio diversity, organization has champion of executive

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POLITICS IN OIL AND GAS
leadership team (conocophillips.com 2018). The safety, health and environment leadership
team and sustainable development leadership team reviews the goal setting, strategic
planning, implementation performance and reporting. Leaders of stakeholder engagement
comprise of operational leader and senior functional team across the business. Conoco Philips
has a sustainable and environmental development steering committee of internal experts by
advising on key sustainability issues (Dinkpa 2016).
Organisational structure
(Source: conocophillips.com 2018)
The positions on issues of public policy such as climatic change and matters
impacting the reputation of company as responsible corporate citizen including reporting and