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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'.
- Article from:
- PR Newswire
- Article date:
- July 24, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...