Engaging with governments Transparency in payments to governments ExxonMobil recognizes the importance of disclosing relevant payments to governments to reduce corruption, improve government accountability and promote greater economic stability worldwide. We consider 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. ExxonMobil is an original member of the Extractive Industries Transparency Initiative (EITI), a global organization that promotes the accountable management of oil, natural gas and mineral resources. Companies and governments participating in EITI report payments and revenues, which enables EITI to reconcile any differences between the totals and publish validated total government revenues. We actively participate at the EITI secretariat and country levels. Every year, an ExxonMobil representative serves on the EITI board as either a primary or alternate member. We work with several governments that are EITI members, as well as others considering membership. Policy engagement ExxonMobil believes sound public policy should include input from a variety of stakeholders. We recognize public policy decisions made at all levels of government can have significant effects on our current and future operations. We exercise our right to support policies that promote stable investment for long-term business viability. ExxonMobil works in countries around the world and recognizes the importance of transparency and accountability with each of them. GOVERNANCE 32 | Sustainability Report Highlights
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