Our Statement of Business Principles consists of two primary Principles on which the conduct of the Company and its representatives is based:

• Mutual Benefit
• Good Corporate Conduct

Each Principle is supported by a series of Core Beliefs which explain the Principle in greater detail. The Business Principles and Core Beliefs cover the key issues that we believe underpin corporate social responsibility for a multinational business in the energy field.
The Statement of Business Principles forms the bedrock of responsibility on which we expect our businesses to be run. The Statement has now been provided to all Group companies and they are encouraged to enter into dialogue with their local stakeholders to help determine how the Business Principles and Core Beliefs should best be reflected in their local business practices. Each Group company is expected to determine how to conduct dialogue and to align its practices with the expectations of local stakeholders in a way most appropriate for its local business environment

Principle of Mutual Benefit
The principle of Mutual Benefit is the basis on which we build our relationships with our stakeholders. We are primarily in business to build long term shareholder value and we believe the best way to do this is to seek to understand and take account of the needs of all our stakeholders.

Mutual Benefit Core Beliefs

• We believe in creating long term shareholder value
• We believe in engaging constructively with our stakeholders
• We believe in creating inspiring working environments for our people
• We believe in adding value to the communities in which we operate
• We believe that suppliers and other business partners should have the opportunity to benefit from their relationship with us

Principle of Good Corporate Conduct
The principle of Good Corporate Conduct is the basis on which all our businesses should be managed. Business success brings with it an obligation for high standards of behavior and integrity in everything we do and wherever we operate. These standards should not be compromised for the sake of results.

Good Corporate Conduct Core Beliefts

• We believe our businesses should uphold high standards of behavior and integrity
• We believe that high standards of corporate social responsibility should be promoted within the our industry
• We believe that universally recognized fundamental human rights should be respected
• We believe in achieving world class standards of environmental performance

	Our Standards in Practice
	1. Whistleblowing 2. Conflicts of Interest 3. Bribery and Corruption 4. Entertainment and Gifts 5. Political Contribution 6. Charitable Contributions 7. Accurate Accounting and     Record-Keeping 8. Protection of Corporate Assets 9. Confidentiality and      Information Security 10. Money-Laundering and       Anti-Terrorism
	Business Principles