Ethical Issues Of Chevron: Ethics And Ethics In Business

The company expects a high-level integrity from all of its employees due to the nature of the business it’s in. Which is the financial industry? – JP Morgan Chase shares its code of conduct with its heritage and why it is important to set the highest ethical standards in all of the business. Moreover, the company sets a high standard for managers to supervise and properly channel any

In order to operate ethically in a global marketplace, corporations like Exxon Mobil need to define the conduct that they expect from their officers, executives, managers and employees. Without a defined code of conduct, employees feel forced to use their personal mores to determine what actions they should take in ethically ambiguous situations. Like children on a playground, employees need to know where the fences are so that they can work effectively.

4. All employees will be honest and responsible in their work, speech, and all communications, including personal and organizational finances, never seeking special favors, or borrowing from other employees or from those doing business with this organization.

Firstly, I would like to explain what Corporate Social Responsibility is. “It is a company’s sense of responsibility towards the community and environment (both ecological and

The Gulf Oil Spill was and still is a issues for BP that require both its legal team and media relations department to work quick and together to both address the issues and protect the image of the company. In times of scandal or crisis companies have a plan of action to help resolve the issues and reduce how much of media frenzy it becomes. From who speaks at interviews, gives public statements, legal advising, and executing a solution. For BP this meant work with wildlife rescues groups, the Natural Resource Damage Assessment, and environmentalist. For BP getting the waters clean was important not only to them but for the environment and those who depended on the waters for survival in term of the sea life. So the concepts of social responsibility by Milton Friedman would play a part of BP ensuring the companies further survival.

Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal

Ethics are very important in the business world and to the general public. Ethics is defined as a system of moral principles or the rules of conduct recognized in respect to a particular class of human actions or a particular group. Using a moral compass should be a requirement for every CEO and executive. Any person who will have some impact on society needs to understand the difference between right and wrong. Since businesses touch such a large segment of our society, codes of ethics must be established and followed to protect the general public. In the following pages we will discuss the 1989 Exxon Valdez oil spill disaster and examine how it relates to (1) the state of business ethics since 2000, (2) examples of the classic

Corporate Social Responsibility are actions taken by a corporation that have positive and lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good.

The recent assassination of a U.S. ambassador in Libya and the rampant anti-American sentiments being expressed in other parts of the world is proof positive that many American-based multinational are faced with a hostile operating environment that demands informed and timely responses. Likewise, many multinational corporations are subscribing to calls for "giving back to the community" in various ways, but critics charge that these efforts are hypocritical greenwashing to cover up their real corporate shenanigans at home and abroad. Indeed, if Occidental Petroleum Corporation's corporate literature and its proponents are to be believed, this enormous multinational corporation is really just a "good neighbor" that is doing its corporate best to just "get along" in a highly competitive marketplace. To get to the bottom of these controversies and find the truth, this paper provides a review of the relevant peer-reviewed and scholarly literature concerning Occidental Petroleum Corporation's ethical and social responsibilities in a globalized marketplace, including an examination of how these responsibilities are perceived across cultures. Finally, a summary of the research and important findings are presented in the conclusion.

BP was founded in 1908 under the name Anglo-Persian Oil Company. They changed their name to British Petroleum in 1954 and merged with Amoco in 1998. (BP Public Website, 2010) “The Texas City Refinery is BP’s largest and most complex oil refinery... It was owned and operated by Amoco prior to the merger of BP and Amoco.” (Michael P. Broadribb, 2006) Throughout their history, there have been a number of accidents that have been caused by negligence and disregard of safety precautions. Unfortunately many lives have been cut short or seriously injured as a result. My research will focus on the 2005 Texas City Oil Refinery Explosion. I will attempt to look into the ethical implications that surrounded this disaster before and

Halliburton suppliers want to function in a positive environment that is free of influence due to unethical business performance. With that said, Halliburton's suppliers are requested to conduct business in a approach that would not, in any way, cooperation the ethical values necessary of Halliburton's employees. Halliburton personnel are to abide by the following guiding ethical principles; avoid the intent and

The first page of the policy and procedures addresses the concepts of honesty and fairness, and equal opportunity. They ask that all of the employees remain honest with themselves and each other. Honesty is a virtue that everyone should exhibit and may be the most important aspect of any company. If everyone could be honest in all aspects of their lives, especially in business, that may prevent a lot of companies from going out business. The CEO, Michelle Hayes, says that “the company wants to follow the rules of the land as well as keep their lives lined up with the word of God.” Equal Opportunity in that

In its Annual General Meeting in 2011, BP faced protests against BP’s executive’s remunerations and voiced their injustice (Webb & McVeigh, 2011). Facebook pages such as “Boycott BP” and RIP Spongebob, who died in an oil spill cause of BP” have been set up by activists, and have garnered 847,730 and 468,157 likes respectively (Jarvis, 2010). Hence, the impacts on these stakeholders have varying degrees, but are nonetheless affected one way or another by BP’s mistake.

The focus of this report will be to perform an audit of Beyond Petroleum’s ethical practices. This report will identify three main breaches of ethics, explain why they are unethical and make recommendations of what could be done to rectify the issues identified.

Chevron Corporation is an American multinational energy corporation. Headquartered in California, and active in more than 180 countries, it is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world 's six "supermajor" oil companies.