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 on the 2023 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 covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. 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 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 ReductionsAgainstN/A
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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