Management systems, standards and controls
At ExxonMobil, we believe that it is possible to obtain the energy the world needs while also protecting people and the environment.
Management systems, standards and controls
We believe the answer lies in three uncompromising pursuits: exceptional technology, rigorous standards and an unwavering commitment to best-practice safety procedures.
The Valdez incident of 1989 was a low point in ExxonMobil’s history, but it was also a turning point. In its aftermath, we launched a top-to-bottom review of our operations and then implemented a system that today guides every operating decision we make on a daily basis. That system is called OIMS (Operations Integrity Management System).
It consists of 11 separate elements that measure and mitigate safety, security, health and environmental risk to people, the environment and the communities in which we operate. Fundamental to OIMS is assessing the risk involved in our operations — from offshore platforms to our offices — and then developing plans to mitigate and manage that risk over the operation’s life.
ExxonMobil’s systematic and disciplined approach to safety has produced significant improvements, but we know there is risk, too, in complacency. So, as we continue to explore for new sources of energy, we will also continue to explore new ways to increase safety. That is our obligation and that is our commitment.
How we translate these principles into action
Balancing the interests of the company, its many stakeholders, and the needs of the communities within which we operate means setting rigorous ethical standards that govern each and every decision we make.
These ethics and high standards of business conduct allow us to operate in an economic climate where large-scale investments support our long-term business and contribute to the communities where we work.
ExxonMobil complies with all applicable laws and regulations, and where laws and regulations do not exist, we maintain the use of our high standards. Our commitment to high ethical standards, legal compliance, and integrity is reflected in our global policies and practices. The metrics we track and report demonstrate how effective our management systems are at guiding our performance. Our management systems enable us to comply with new regulations efficiently, providing us with a competitive advantage.
ExxonMobil’s System of Management Control Basic Standards defines essential principles and concepts that drive our business controls. Our Controls Integrity Management System is designed to assess and measure financial control risks, including procedures for mitigating concerns, monitoring compliance with standards, and reporting results to the appropriate operations and management groups within ExxonMobil. These company-wide financial controls meet or exceed the requirements of the Sarbanes-Oxley Act and NYSE listing standards. PricewaterhouseCoopers LLP conducted an independent assessment that determined our internal controls system is effective for financial reporting. Regular self-assessments and audits help ensure that every operating unit consistently implements our controls and standards.
Operations Integrity Management System
OIMS provides a systematic, structured, and disciplined approach to measure progress and track accountability for safety, security, health and environmental performance across business lines, facilities and projects. We evaluate opportunities to improve the OIMS Framework every five years and make regular upgrades and adjustments. In 2018, Lloyd’s Register Quality Assurance, Inc., reviewed our ongoing performance and attested that OIMS is consistent with the standard on environmental management systems of the International Organization for Standardization (ISO 14001:2015) and the Occupational Health and Safety Assessment Series for health and safety management systems (OHSAS 18001:2007).
Risk management and safetyOur commitment to high ethical standards, legal compliance, and integrity is reflected in our safety and environmental policies and practices worldwide.
Energy and environment Topic
Sustainability ReportThe Sustainability Report describes ExxonMobil’s efforts regarding environmental, social and governance performance.