Governance

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Business Ethics and Preventing Corruption

Marathon Oil believes integrity, ethical business practices, corruption prevention and transparency of payments are crucial to maintaining our license to operate, and our relationships with key stakeholders.

Navigate page: Anti-corruption Compliance | EITI | Grievance System | Transparency of Payments

The Audit and Finance Committee of our Board of Directors oversees Marathon Oil’s focus on business ethics and integrity. Internal resources and initiatives to promote and uphold our high standards of integrity and business ethics include:

  • Business Integrity Office
  • Integrity Helpline
  • Policies and procedures related to ethical, legal and regulatory compliance
  • Financial disclosures
  • Enterprise Risk Assessment and risk management
  • Training
  • Annual Code of Business Conduct Questionnaire

Preventing Corruption

Marathon Oil complies with all applicable anti-corruption laws in the countries where we operate, including the U.S. Foreign Corrupt Practices Act (FCPA) and United Kingdom Bribery Act. Our anti-corruption compliance program aligns with the U.S. Department of Justice’s recommendations for an effective corporate compliance program. Designated employees take anti-corruption training, depending on their job responsibilities. We also have an annual anti-corruption compliance audit program for our operations outside the U.S. and outside-operated interests in countries not in the Organization for Economic Cooperation and Development (OECD).

Grievance System

Marathon Oil promotes an open and inclusive workplace to help avoid grievances. We reinforce a culture of treating others with dignity, fairness and respect and encourage employees to work with their supervisors and management to resolve any issues that arise. Employees can report issues confidentially through Human Resources, Audit, HES&S, Law and the Business Integrity Office.

Employees, contractors and members of the public can report concerns about our Code of Business Conduct to our Integrity Helpline at any time. Reporting of suspected unethical or illegal activities is anonymous and confidential, and Marathon Oil forbids retaliation against anyone who reports concerns in good faith.

Transparency of Payments

Marathon Oil supports transparent reporting of revenue flows from oil and gas production as a means to prevent bribery and corruption. We have participated in the     Extractive Industries Transparency Initiative (EITI) since 2004 in various countries where we have operations to strengthen governance, foster stakeholder cooperation, aid development of civil society and manage risk. The Company also communicates our aggregated payments to governments.

 

 



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