A compelling culture

How we do our work sets us apart and drives our performance. We’re experts in what we do and continuously find ways to do our jobs better. Our different backgrounds, ideas and views drive our success. Together, we deliver strong performance, but not at all costs. We embrace core cultural attributes that exist across the organization. Our SPIRIT Values — Safety, People, Integrity, Responsibility, Innovation, and Teamwork — are the foundation of our culture and ensure alignment across our global workforce.

Strengthening our culture through employee feedback

Taking steps to measure and assess employee satisfaction and engagement is at the heart of long-term business success and creates a great place to work for our global workforce. Since 2019, the ConocoPhillips Perspectives survey has become our primary listening platform for gathering feedback on employee sentiment and strengthening our culture. Leaders analyze the survey data and comments and identify focus areas for action, striving for incremental year-over-year progress on results. Our employee feedback strategy is comprised of an annual engagement survey and shorter ad hoc pulse surveys, as needed.

We launched our latest survey in January 2024. We asked 24 questions on topics relevant to the health and long-term success of our organization, such as engagement, DEI, SPIRIT Values, company strategy, career development, leadership and well-being. We had a participation rate of 85% and received over 15,000 written comments from employees around the globe. More than 70% of our scores improved year over year. Our employee satisfaction score increased from 79 to 80, which is higher than both the oil and gas and global benchmarks provided by our third-party survey provider. 

Advancing our diversity, equity and inclusion (DEI) journey

Meeting the world’s evolving energy needs requires attracting and retaining a world-class workforce and cultivating an inclusive environment where everyone is encouraged and able to contribute — no matter their role, level or location. This is how innovation thrives, leading to better business outcomes. That is why we continue to be committed to DEI and creating a great place to work. 

At ConocoPhillips, we believe our unique differences power the future of energy. Our DEI vision states that we foster an inclusive culture that benefits all employees and values the rich mixture of backgrounds, identities, and work styles of our people, built on equitable practices that support all employees in unlocking their full potential.

The ELT has ultimate accountability for advancing our commitments through a governance structure that includes a Chief Diversity Officer (CDO), a dedicated DEI organization, and a global DEI Council consisting of senior leaders from across the company. Our DEI strategy is guided by four pillars: People, programs and processes, culture, and our external brand and reputation. All company leaders are also accountable for advancing DEI through local efforts. Our strategy, efforts and progress are regularly reviewed with the board.

Our 2023 focus was building clarity and connection. Highlights include:

• Launching our refreshed DEI strategy.

• Reviewing the overall results of the 2023 Perspectives survey and analyzing feedback through different demographic lenses for additional insights.

• Hosting business unit-specific workshops to create a dialogue and education on the definitions and examples of diversity, equity and inclusion.

• Developing the DEI Foundations learning module and launching it to senior leaders.

We are committed to being transparent as we build a more diverse, equitable and inclusive workplace. We monitor employee feedback survey results and diversity metrics on a global basis. Our CDO and DEI Council, in conjunction with the ELT, review these metrics and identify appropriate plans and priorities to address trends.

Starting in 2019, we published our first DEI Dashboards internally, which contain key DEI statistics and metrics. We update the dashboards annually with global and U.S. workforce metrics and industry benchmark data, allowing us to measure our internal metrics against the external market and our peers.

Externally, we publish our workforce metrics and HCM disclosures in our Consolidated EEO-1 Reports, Sustainability Report and Human Capital Management Report. They are also provided in the Performance Metrics and key trends below.

As part of our Perspectives survey, we use five questions to track DEI focused on the topics of belonging, inclusion, diversity progress, equity and psychological safety. Insights are used to validate and/or evolve our multiyear priorities and actions.

U.S. Equal Employment Opportunity reports

We publicly disclose the ConocoPhillips Consolidated EEO-1 Report on a voluntary basis. The report characterizes our U.S. workforce by race, ethnicity and gender across job categories established by the U.S. Equal Employment Opportunity Commission (EEOC). The makeup of our U.S. workforce is included below.

Additional details on EEO reports are available on the EEOC website.