ConocoPhillips

Phillips 66, Concho Resources
Houston, Texas
Energy

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

ConocoPhillips scored a 90 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, ConocoPhillips increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. The company settled a religious bias lawsuit in 2009. ConocoPhilips is a corporate partner of the National LGBT Chamber of Commerce (NGLCC) and is a signatory of the Business Roundtable's 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism. For these reasons, ConocoPhillips receives a High Risk rating.

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Board Bias

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CEO of ConocoPhillips

Ryan M. Lance

Ryan M. Lance

Summary:

Headquartered in Houston, Texas, ConocoPhillips is a member of the Fortune 250 operating in the Energy industry. Ryan M. Lance and Ryan M. Lance serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $2,086,032 to Republican causes and $92,300 to Democratic causes. Under their tenure, ConocoPhillips currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$2,086,032

$92,300

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/14/24GovernanceNational Legal and Policy CenterRevist Pay Incentives for GHG Emission ReductionsAgainst0.76%
5/16/23GovernanceJohn CheveddenIndependent Board ChairmanAgainst25.50%
5/16/23GovernanceThe Comptroller of the State of New YorkRequire Share Rentention Until RetirementAgainst22.80%
5/16/23GovernanceOxfam AmericaReport on Tax PaymentsAgainst17.20%
5/16/23GovernanceNational Legal and Policy CenterReport on Lobbying ActivitiesAgainst9.90%
5/10/22GovernanceKenneth SteinerProvide Right to Call Special MeetingsAgainst52.81%
5/10/22EnvironmentalFollow ThisReport on GHG Emissions Reduction TargetsAgainst39.44%
5/10/22SocialNational Legal and Policy CenterReport on LobbyingAgainst19.61%
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