Our Ethics Code

Chevron's Business Conduct and Ethics Code (BC&E Code) includes, among many other topics, the company's policy to comply fully with all applicable anti-corruption laws, including the U.S. government's Foreign Corrupt Practices Act.

Payments to international officials or parties for the purposes of obtaining or retaining business or securing an improper advantage is strictly forbidden by Chevron policy, even if refusal to do so may cause the company to lose business.

Communicating Our Ethics Code

In 2005, we updated the Chevron Manual of Compliance Procedures and Guidelines, which provides detailed compliance guidance on laws and company policy related to internal controls; conflicts of interest; anti-corruption; political activity; health, the environment and safety; trade restrictions; anti-trust issues; competition; and privacy of information. Employees whose job responsibilities are directly relevant to applicable sections of the manual are required to read those sections.

Ensuring Compliance With Our Ethics Code

Chevron's chief compliance officer reports to the company's vice chairman and is responsible for the worldwide deployment and overall operation of the compliance program. Annually, all reporting units and corporate department heads submit a representation letter to the corporation confirming they have processes in place that are effective and provide a reasonable assurance of compliance with all applicable laws, regulations and company policies. Corporate compliance audits are conducted by the Internal Audit department to help ensure that compliance processes are functioning properly. The Audit Committee of the Board of Directors reviews the company's internal auditing practices and is responsible for corporate compliance oversight.