Article: Management & Excellence Says Good Ethics Pay Off for Oil Companies; First Ethics Ratings of Oil Companies: U.S. and European Oil Giants Get 'B' Ratings; Latin American and Russian Rate 'C'.

NEW YORK, July 24 /PRNewswire/ -- Oil companies are ethically high risk companies due to the oil spills, chemical explosions, fatalities, environmental accidents, litigation and management scandals that have been inherent in the industry. However, a study by international ethics rating agency, Management & Excellence (M&E) finds that oil companies are investing considerably to improve their ethics and their problems are declining as a result.

 
Company Rating 
  Europe 
  BPB 
  Shell B 
  Total Fina ElfB 
  USA 
  ExxonMobilB 
  ChevronTexaco B- 
  Latin America  ...

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