Our Commitment to Governance
ConocoPhillips is committed to responsible oil and gas production. Put simply, we aim for excellence in everything we do. Our overriding goal is that all of our activities should achieve the highest ethical standards, believing this is critical for both our continued success in the global market, and our social and regulatory license to operate.
Our SPIRIT Values set the tone for everything we do. These Values include the principles of Safety, People, Integrity, Responsibility, Innovation and Teamwork. By conducting our business in accordance with these Values, we will continue to deliver energy sustainably and responsibly.
We serve the best interests of our shareholders and other key stakeholders by maintaining governance systems that ensure the highest levels of responsibility, integrity, legal and tax compliance across every aspect our business.
The ConocoPhillips board of directors oversees the company’s policies, practices and performance.
Since 2004, approximately US$1.8 billion in taxes and other payments have been made to Australia from our operations.
Australia Pacific LNG
ConocoPhillips' share of Australia Pacific’s LNG’s taxable income is excluded from ConocoPhillips Australia’s taxable income as the tax on this profit has been assessed and paid for by APLNG.